Cloud Computing: Meaning and characteristics A report by Gartner Inc reflected that cloud computing will constitute the bulk of IT spending by 2016. In India alone, it is predicted that the cloud market will reach over $3 billion by next year—an almost five- fold increase from 2012. Cloud Computing: Meaning and characteristics
Tag Archives: Services
Service tax assessees to file annual return Although, with the government resorting to implement unified taxation regime GST in near future, it was hoped that the number of returns to be filed by an assessee would reduce substantially and this has been done in case of Central Excise Assessees which is highly appreciated by the […]
KRISHI KALYAN CESS The Government of the day believes that taxation is a major tool available to the Government for removing poverty and inequality from the society. To a common man, tax, surcharge or cess does not make any difference as all these modes of extracting money from the citizens have been used since many […]
VAT on Service Tax- a myth or reality The Indirect Tax structure in India is composed of a group of tax laws and regulations. It is levied upon different activities including manufacturing, sale, trading, services and imports. Wide range of Indirect taxes consisting of Service Tax, Value Added Tax, Excise Duty and Custom Duty is […]
Recommendation for deposits Proposed recommendations of The Companies Law Committee for Deposits under Companies Act, 2013 Definition of Deposit: The Committee considered the suggestion for making the definition of deposit less restrictive, but felt that adequate prescriptive powers for excluding amounts received by a company from the term ‘deposit’ have been provided in the definition […]