#www.icai.org

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CA Foundation Registration 2025: Important Details

Aspiring to become a Chartered Accountant? The initial step toward this ambition is to register for the CA Foundation Registration 2025. This guide provides crucial information on eligibility criteria, covering educational qualifications and age requirements. Additionally, it offers a comprehensive overview of the online registration process. Proper registration is vital for beginning your journey toward a Chartered Accountancy career. Whether you are currently pursuing commerce or contemplating a career switch, this guide will assist you in preparing for a successful CA Foundation January 2025 Registration. Let’s dive in!

Start of CA Foundation Registration for 2025

Registration for the September 2024 CA Foundation exam has recently concluded. However, the Institute of Chartered Accountants of India (ICAI) will soon commence registration for the CA Foundation Registration 2025 exam.

If you plan to take the CA Foundation Registration Fees exam, it's crucial to regularly check the ICAI website for updates. Registration details are generally announced in December or January. Ensure you meet the eligibility criteria and be ready to promptly complete your online registration as soon as the window opens.

Essential Criteria for CA Foundation 2025

Before proceeding with your CA Foundation Exam registration, it's essential to ensure you meet the following eligibility criteria:

Eligibility Criteria for CA Foundation Registration

1. Educational Qualifications: - Completion of the 10th examination is mandatory. - Successful completion of the 10+2 examination is required for eligibility for the CA Foundation Registration Fees exam.

2. Age Limit: - There are no restrictions on minimum or maximum age for registration.

3. Registration with ICAI: - Register with ICAI at least four months before the CA Foundation Registration 2025. - Complete the registration process with the Institute of Chartered Accountants of India (ICAI) by the specified deadline.

Therefore, Once you've confirmed your eligibility based on these requirements, you can confidently proceed with the CA Foundation Registration process. This ensures thorough preparation and compliance with all necessary prerequisites before starting your registration.

Crucial Dates for CA Foundation 2025 Enrollment

To ensure a smooth completion of your CA Foundation Registration Fees, it's essential to stay organized and informed about key dates:

- Note Important Dates: Registration for the new scheme closes on September 1, 2024. - Stay Updated: Visit the ICAI website regularly for updates on exam forms, deadlines, and dates. - Register Early: Complete your registration well ahead of time to prevent last-minute issues.

By maintaining a proactive and informed approach, you can facilitate a seamless CA Foundation Registration 2025 process.

Easy Steps for Registering for the CA Foundation Exam Date 2025

1. Access ICAI's Official Website: Firstly, Begin by visiting [ICAI's official website](https://www.icai.org) and complete your details if you're a new user.

2. Generate OTP: Once your information has been entered, click "Generate OTP".. Verify your identity using the OTP received via email or SMS.

3. Log In: Use the credentials provided via email or SMS to log in to [ICAI's e-services portal](https://eservices.icai.org/).

4. Apply for Foundation: Navigate to the "Student Cycle" section and select "Apply for Foundation."

5. Complete the Form: Fill out all required fields in the form carefully and proceed by clicking "Save and Next."

6. Upload Documents: Scan and upload all necessary documents in the specified format.

7. Upload Photo and Signature: Ensure your recent photograph and signature meet the specified criteria before uploading.

8. Pay Fees: Proceed to make the payment for the CA Foundation January 2025 Registration Exam.

9. Print and Send: Finally, print the completed registration form, attach the required documents, and send them to ICAI’s postal address.

By meticulously following these steps, you ensure a smooth registration process for the CA Foundation Exam, setting you on the path to becoming a Chartered Accountant.

Essential Documents for CA Foundation Exam 2025 Registration

To ensure a smooth registration process for the CA Foundation Registration 2025, prepare the following documents:

1. 12th Class Admit Card or Mark Sheets 2. Recent Colored Photograph 3. Proof of Nationality (for international students) 4. Special Category Certificates (if applicable) 5. Class 10 Mark Sheet or Admit Card

Scan and save these documents in the required format before starting your registration to avoid delays.

Prepare Necessary Funds for CA Foundation Registration 2025

Before enrolling for the CA Foundation Registration exam, make sure you have the necessary funds ready:

For Indian Students: - Foundation Prospectus: ₹200 - Registration Fee: ₹9000 - Optional Members’ Journal Subscription: ₹400

For Foreign Students: - Foundation Prospectus: $20 - Registration Fee: $700 - Optional Members’ Journal Subscription: $40

Prepare these funds in advance to ensure a smooth registration process.

Successful Preparation Techniques for the CA Foundation Exam Date 2025

To excel in your CA Foundation Registration 2025 preparation, follow these strategies:

- Master the Syllabus: Understand the entire syllabus and exam structure. Prioritize study time based on topic importance. - Develop a Structured Study Plan: Create a well-organized schedule and stick to it to avoid procrastination. Set achievable study goals and track your progress regularly. - Practice Past Papers: Solve previous exam papers to familiarize yourself with question formats and improve speed and accuracy. - Seek Expert Guidance: Consult experienced instructors or join specialized coaching to tackle challenging topics effectively for CA Foundation Registration 2025. - Regular Revision: Schedule frequent revision sessions to reinforce concepts and memorize essential formulas. - Take Mock Tests: Regularly take mock tests to evaluate your readiness. Examine your performance to determine your advantages and disadvantages.

Therefore, By consistently applying these strategies and maintaining a proactive approach, you can prepare effectively for the CA Foundation January 2025 Registration and significantly improve your chances of success.

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ICAI Releases CA Final, Intermediate Admit Cards 2024

Calling all CA aspirants! The wait is finally over. The Institute of Chartered Accountants of India (ICAI) released the much-anticipated admit cards for the CA Intermediate and Final exams scheduled for May 2024 on April 17, 2024. This is a significant milestone for all registered candidates who have been diligently preparing for this crucial stage in their accounting journey. This comprehensive guide empowers you to download your ICAI CA Final and Intermediate Admit Cards 2024 seamlessly. We'll walk you through the process step-by-step, ensuring you have all the information and resources needed to confidently retrieve your hall ticket. ✅

Gearing Up for Download: Essential Preparations

Before embarking on the download process, take a moment to ensure you have the following: - Registration Number: Keep your unique ICAI CA Intermediate or Final exam registration number handy. This unique identifier is crucial for accessing your specific admit card. - Login Credentials: Have your username and password for the ICAI eServices portal readily available. These credentials grant you access to your personal account where the admit card will be located. - Stable Internet Connection: A reliable internet connection is essential for a smooth download experience. Ensure you have a strong and stable connection to prevent any interruptions during the download process.

Downloading Your ICAI CA Admit Card: A Detailed Walkthrough

Now that you're well-prepared, let's delve into the step-by-step guide to download your admit card: - Navigate to the ICAI Website: The first step is to visit the official website of the Institute of Chartered Accountants of India: https://www.icai.org/. - Locate the Admit Card Link: Upon reaching the ICAI homepage, meticulously scan for the designated link for downloading admit cards. It might be titled "Admit Card" or something similar. - Select Your Exam Level: There might be separate links for Intermediate and Final exams. Choose the link that corresponds to the level of your exam (Intermediate or Final). - Login with Credentials: On the login page, meticulously enter your ICAI registration number, username, and password. Ensure all the details are entered correctly to avoid any login issues. - Download and Save Your Admit Card: Once you've successfully logged in, locate the option to download your admit card. It might be displayed visually or labelled clearly. Click on the download option and save the admit card as a PDF file for future reference. Choose a secure location on your device where you can easily access it later.

Important Reminders for a Smooth Exam Experience ****

- Print a Copy: While having a digital copy is convenient, it's highly recommended to print a clear and legible copy of your admit card. Having a physical copy ensures you have a backup in case of unforeseen circumstances and allows you to carry it to the exam hall for verification purposes. ️ - Scrutinize the Details: Once you've downloaded your admit card, take a moment to carefully review all the information it contains. This includes your name, exam date, exam time, exam venue, and other relevant details. Ensure everything is accurate and free of errors. - Address Discrepancies Promptly: In the unfortunate event that you encounter any discrepancies in the information on your admit card, don't hesitate to contact the ICAI authorities immediately. They have a process in place to rectify any errors and ensure you have a valid admit card for the exam. Read Also : CUET PG Result 2024 declared at pgcuet.samarth.ac.in, check direct link & steps to download

Beyond the Download: Additional Tips for Success

- Familiarize Yourself with Exam Guidelines: Downloading your admit card is just one step in your exam preparation journey. Take some time to thoroughly review the ICAI exam guidelines. This includes information about exam format, allowed materials, dress code, and other crucial details that will help you approach the exam confidently. - Double-check Exam Schedule and Venue: Once you have your admit card, double-check the exam schedule and venue details. Knowing the exact date, time, and location of your exam will help you plan your logistics effectively and avoid any last-minute hiccups. ️ - Maintain a Positive Mindset: The CA exams are a significant milestone, and it's natural to experience some pre-exam jitters. However, maintaining a positive and focused mindset is crucial. Utilize relaxation techniques, maintain a healthy sleep schedule, and continue revising your study materials to ensure you're well-prepared for the exam. By following these comprehensive guidelines, you can confidently download your ICAI CA Final and Intermediate Admit Cards 2024 and approach the exams with a clear plan and a positive attitude. Remember, being well-organized and prepared is key to success Read the full article

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Comparing CA and CMA: Salary and Distinctions for Informed Career Choices

Are you a commerce student faced with the challenging decision between pursuing a career in Chartered Accountancy (CA) or Cost and Management Accountancy (CMA)? The choice between these two esteemed professions is a common dilemma for many, and making an informed decision is crucial for a successful career. In this blog, we’ll provide a detailed comparison between CA and CMA, focusing on key points, program introductions, in-depth analysis of differences, salary comparisons, career paths, and ultimately helping you make the right choice.

Comparison Between CA and CMA – Key Points The decision between CA and CMA often comes down to understanding the key differences between the two professions. Let’s delve into the fundamental aspects of both programs.

Introduction to the CA Program The Chartered Accountancy (CA) program is globally recognized and offers a diverse range of career opportunities in finance, accounting, taxation, and auditing. Attaining the CA designation involves a structured process.

Steps to Attain CA Designation: Complete 10+2 education with a minimum of 50% marks. Register and clear the CA Foundation Exam. Register and clear CA Intermediate. Finish CA practical training for three years. Appear and clear CA Final for both groups. Complete the course and obtain the CA certification and membership. CA vs CMA – In-Depth Analysis of Differences Now, let’s conduct a comprehensive analysis of the differences between CA and CMA, considering various aspects. Salary Comparison for CA and CMA in India Criteria CA CMA Initial Salary Rs. 10-12 lakh per annum Rs. 7-8 lakh per annum Job Options Auditing, taxation, accounting, finance, consultancy, etc. Financial analysis, cost accounting, budgeting, planning, etc. Scope/Demand High demand for CA professionals in big four firms, MNCs, the public sector, etc. High demand for CMA professionals in manufacturing, financial services, and the public sector. More Info: https://www.icai.org/post.html?post_id=13752

Career Paths After Completing the CA Program Audit and Assurance:Reviewing and assessing financial statements, ensuring compliance with laws and regulations. Taxation: Working as tax consultants or managers, advising clients on tax compliance and planning. Finance and Accounting: Positions such as financial analyst, financial controller, and CFO, managing financial operations and formulating financial plans. Risk Management: Serving as risk managers or internal auditors, detecting and evaluating risks, ensuring compliance. Investment Banking: Advising clients on financial matters, handling mergers and acquisitions, and raising business financing. Chief Financial Officer: Overseeing a company’s finances, covering financial planning, risk assessment, and financial reporting. Career Paths After Completing the CMA Program Cost Accountant: Assessing and managing the expenses of a company, creating cost accounting systems, and evaluating financial information. Financial Analyst: Evaluating financial data, making investment decisions, and collaborating with management to provide financial strategy recommendations. Management Accountant: Providing financial information for decision-making, setting budgets, and reviewing financial performance. Financial Manager: Handling an organization’s financial operations, creating financial strategies, and advising management on financial matters. Chief Accountant: Responsible for a company’s financial transactions, often hired by government institutions, hospitals, banks, and retail companies. Internal Auditor: Assessing and enhancing the efficacy of an organization’s internal controls, risk management, and governance systems. CA vs CMA: Making the Choice The decision between CA and CMA ultimately depends on individual interests, skills, and professional goals. CA offers a more rigorous course with a focus on accounting and finance, providing global recognition and a wider range of employment prospects. On the other hand, CMA focuses on cost and management accounting, offering specific knowledge in cost management, budgeting, and decision-making. To make the right choice, students should assess their interests, talents, and career objectives.

Commonly Asked Questions About CA vs CMA Q1. Which profession has a better salary among CA, CMA, and CS? A1. A CA fresher earns a starting salary of 6-7 lakhs INR per month, whereas CMA and CS freshers earn between 4-5 lakhs INR. All three are good career opportunities.

Q2. Which course is more difficult: CA or CMA? Q3. Can I do both CA and CMA courses? Q4. What is the passing percentage for CA and CMA exams? Conclusion: In conclusion, choosing between CA and CMA is a significant decision that requires careful consideration of individual preferences and career goals. Both professions offer unique advantages, and the right choice depends on what aligns with your interests and aspirations.

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Apply These 7 SecretTechniques To ImproveCa FoundatioClasses

Ca foundation classes are the best way to learn the basics of accounting. They cover the basic information and principles of accounting. This is where you can earn your CA degree, with little or no prior knowledge of accounting.

The CA foundation course is a popular and highly recommended in the industry. These courses are especially designed for individuals who want to become certified in order to practice their profession as a Criminal Investigator. The course covers all necessary skills and techniques of the profession which will make you proficient in this area.

You need to know about CA CPT registration.

The CA CPT (Common Proficiency Test) is an entry-level test conducted by the Institute of Chartered Accountants of India (ICAI) for candidates who wish to become chartered accountants. In order to register for the CA CPT exam, candidates must meet the following eligibility requirements:

1. Candidates must have completed Class 10 or its equivalent.

2. Candidates must have completed Class 12 or its equivalent.

3. Candidates who have completed their graduation or post-graduation can also.

4. apply for the CA CPT exam.

To register for the CA CPT exam, candidates must follow the below steps:

1. Visit the official website of the ICAI (https://www.icai.org/) and click on the link for the CA CPT exam.

2. Click on the link for online registration and fill in the required details.

3. Upload the required documents, including a recent passport-sized photograph and a scanned copy of your Class 10 and Class 12 marksheets.

4. Pay the required fee for the CA CPT exam through the online payment gateway.

5. After the payment is successful, you will receive a confirmation email with your login details and a link to download the admit card.

Please note that the CA CPT exam is conducted twice a year, in June and December. The registration process for each exam usually begins about three months before the exam date. It is advisable to register for the CA CPT exam as early as possible to avoid last-minute rush and to ensure that you have enough time to prepare for the exam.

You must follow these steps to improve your car foundation classes.

1. Attend all classes regularly: Attending all classes regularly will ensure that you do not miss out on any important concepts or topics being taught in the class.

2. Take detailed notes: Taking detailed notes during the class will help you understand the concepts better and will also come in handy when you are preparing for the exams.

3. Review your notes regularly: Reviewing your notes regularly will help you retain the concepts that you have learned in class and will also help you identify any areas where you need to focus more.

4. Practice solving problems: Practice solving a variety of problems related to the concepts being taught in class. This will help you understand how to apply the concepts in different scenarios and will also help you identify your strengths and weaknesses.

5. Seek help when needed: If you are struggling to understand a particular concept or topic, do not hesitate to seek help from your classmates, teacher, or a tutor.

6. Participate in class discussions: Participating in class discussions will help you clarify any doubts you may have and will also help you develop your communication skills.

7. Stay organized: Keep all your notes, study materials, and assignments organized in a manner that makes it easy for you to access them when needed.

By following these steps, you can improve your CA Foundation classes and set yourself up for success in your exams.

CA Foundation Course is an important stepping stone for those who want to pursue a career in the field of accountancy.

The CA Foundation course is the entry-level course for becoming a Chartered Accountant in India. It is conducted by the Institute of Chartered Accountants of India (ICAI). To be eligible to take the CA Foundation course, you must have completed your Class 12th examination or equivalent. The course consists of four papers: Principles and Practices of Accounting, Business Laws and Business Correspondence and Reporting, Business Mathematics and Logical Reasoning and Statistics, and Business Economics and Business and Commercial Knowledge. After completing the CA Foundation course, you can proceed to the next level of the CA program, which is the CA Intermediate course.

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CA FOUNDATION COURSE

Being a CHARTERED ACCOUNTANT is one of the TOP options for commerce students after graduating from high school. The CA adventure cannot be started unless you have successfully completed the CA FOUNDATION COURSE, formerly known as CPT. If you want to find out more about The Foundation Course, you've come to the correct place.

Table of Contents

THE SUBTITLES OF THE CALIFORNIA FOUNDATION COURSE ARE COVERED

criteria for passing the CA Foundation Examination 3.Eligibility for Foundation Courses in CA

Enrollment in CA Foundation Classes

California Foundation Courses Syllabus

The CA Foundation Course is a requirement for the Chartered Accountancy Course. Students who have passed the class 12th examination given by a body recognised by Indian law or a test accepted by

Foundation exams are offered twice a year, in May and November. Any notifications or announcements issued by the Examination Department regarding the Foundation Examination will be posted on the Institute's website, www.icai.org/Newspapers. The aforementioned notification includes a list of the proposed Examination Centers, both domestically and internationally. After enrolling in the Foundation Course, students must complete a separate application form in order to sit for the foundation exam.

Foundation Course registration is valid for 3 years and may be renewed as often as necessary for an additional 3 years by paying a revalidation fee of Rs. 300 or as otherwise decided by the Council from time to time.

subject areas covered by the CA Foundation Course.

Accounting Principles and Practice Paper 1 (100 Marks)

Paper 2: Business Reporting and Correspondence, Business Law (100 Marks)

Section A: Business Law (60 Marks) Reporting and Business Correspondence Section B (40 Marks) Paper 3: Logic, Statistics, and Business Mathematics (100 Marks)

Part I: Business Mathematics and Logical Reasoning (60 Marks) Additionally: Statistics (40 Marks) Paper 4: Business and commercial economics knowledge

Part I of business economics Part II: Business

In order to register for the CA Foundation Exam, a student must be enrolled in a CA programme and have passed the Class 12 exam given by an examination organisation recognised by Indian law (or an exam recognised by the Central Government as being equal thereto).

A course of CA registered student may take the CA Foundation Exam after passing the Senior Secondary Examination* (10+2 examination) given by an examination body established by law in India (or an examination recognised by the Central Government as equivalent thereto), and after meeting any other requirements that may occasionally be specified by the Council.

a CA pupil who has enrolled in the CA Foundation Course and has finished at least one of the following: registering for

Use the payment site to make the required payments after completing the online form. After a successful payment, the system will immediately produce the Form, which needs to be printed. Within seven days after the date of online registration, the following documents must be delivered to the appropriate regional office, along with a printout of the online registration form that has been duly completed and signed by the applicant.

official printout of a completed online registration form in hard copy Admit card certified copy / Mark

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ICAI ने इंटरमीडिएट, फाइनल और पोस्ट क्वालिफिकेशन कोर्स परीक्षाओं की तारीखों की घोषणा की

ICAI ने इंटरमीडिएट, फाइनल और पोस्ट क्वालिफिकेशन कोर्स परीक्षाओं की तारीखों की घोषणा की

भारतीय सनदी लेखाकार संस्थान (आईसीएआई) बुधवार को इंटरमीडिएट, फाइनल और पोस्ट क्वालिफिकेशन कोर्स की घोषणा की, परीक्षाएं 5 जुलाई से शुरू होंगी। “सामान्य जानकारी के लिए एतद्द्वारा यह घोषणा की जाती है कि चार्टर्ड एकाउंटेंट्स इंटरमीडिएट (आईपीसी) {पुरानी योजना के तहत}, इंटरमीडिएट {नई योजना के तहत}, अंतिम {पुरानी और नई योजना के तहत} और योग्यता के बाद के पाठ्यक्रम, अर्थात: बीमा और जोखिम प्रबंधन (IRM)…

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ICAI CA November Exams: Admit card to be launched at the moment. Direct Link Image Source : FILE ICAI CA November Exams: Admit card to be launched at the moment. Direct Link…

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ICAI releases FAQs on May/November 2020 CA Exams

ICAI releases FAQs on May/November 2020 CA Exams

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NEW DELHI: The Institute of Chartered Accountants of India (ICAI) has released the set of Frequently Asked Questions (FAQs) related to the May/November 2020 examinations.

Candidates can download the FAQs from the official website or click here to check https://www.icai.org/post/faq-may-nov2020exams.

Read the ICAI FAQs here…

Whether the student who had applied for May 2020 Exams be…

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Best CA final coaching centers in Telangana

Students   have   to   register   for   Final   Course   by   filling   Online   Registration   Form   available   on   ICAI website(www.icai.org) in “Course Registration Forms” under “Students tab”.

Students while filling the online form should take care of the following:

After filling the Online Form pay the required fees online using the payment gateway.

On successful payment, system will automatically generate the Form, which is to be printed.

Following  documents  are  to  be  submitted  to  concerned  Regional  Office  within  7  days of  the  date  of  onlineregistration alongwith the print out of the online registration form, duly signed by the student:

Attested copy of proof of Nationality, if studentis foreigner.

Attested copy of proof of special category certificate i.e SC/ST, OBC, Differently abled.

Related Searches Are: CMS for CA College, Commerce Colleges in Telangana, MEC Junior Colleges in Telangana, CEC Junior Colleges in Telangana, CA Colleges in Telangana, CMA Colleges in Telangana, Top CA foundation institutes in Telangana, Top CA inter institutes in Telangana, Top CA final institutes in Telangana, Best CA foundation coaching centers in Telangana, Best CA inter coaching centers in Telangana, Best CA final coaching centers in Telangana, Best CMA foundation institutes in Telangana, Best CMA inter institutes in Telangana, Best CMA final institutes in Telangana, Top CMA foundation coaching centers in Telangana, Top CMA inter coaching centers in Telangana, Top CMA final coaching centers in Telangana.

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Why CA after XII?

Chartered Accountancy: Most desired & most rewarding career

After clearing Higher secondary exams, students are often seen to be in a Dilemma about what next?

But what is more satisfying than having a career which equips you with both – Reputation in the society & Financial stability.

Chartered Accountancy is a career that offers you with an ocean of knowledge, statutory recognition & lucrative opportunities. It is a designation given to an accounting professional who has received certification from a statutory body that he/she is qualified to take care of the matters related to accounting and taxation of a business.

WHY Chartered Accountancy?:

1. Most Rewarding career - Handsome salary packages

2. Reputed profession

3. Ocean of learning

4. Statutory recognition

5. International Opportunities

6. Choice of career – Job/Business/Practice/Entrepreneur

7. High level strategic skills

8. Low cost course, no hurdle of admission

9. No reservations

How to go about it?

In order to become a CA, you need to go through 3 level of exams:

1. CA - Foundation

2. CA - Intermediate

3. CA - Final

At each level 50% score is required to clear the exam.

X factor: In between CA Intermediate & Final exams, one has to go through 3 years of practical training – “Articleship” under one practising CA.

In nutshell, the course offers both - knowledge & practical exposure of the same.

Subjects that are studied under Chartered Accountancy course are:

Accountancy

Costing

Financial Management

Audit

Law

Taxation`

Information technology

To get enrolled under the course, you need to get yourself registered at www.icai.org

Need & Opportunities ahead:

It would be incorrect to say that Chartered Accountants’ demand accelerates only when economy is growing. In fact, their role is more important in the prevailing dynamic situation as everyone needs a CA - Be it a working professional in filing return of Income, any big corporate in strategic decision making or Government in implementing any tax reforms.

The whole world runs on money and every business needs someone to manage their money, hence the opportunities to work for CA’s are endless.

Some of the commonly chosen career options for CA’s are:

Practising Firm

Big 4s or other consulting firms

Career in Industry (FMCG, IT, Banking, Share market etc.)

Career Abroad

Government/Civil Services

Entrepreneur

Teacher

Further studies (MBA, DISA, PhD, CFA etc.)

Let’s Challenge it, Achieve it (CA) & take a step forward in nation building.

Join DG Sharma’s CAPS - Central India's Biggest Commerce Institute Today!!

DG Sharma’s CAPS has been successfully helping students clear CA exam for a long time now and the number is still increasing. Add CA before your name through CAPS learning and fulfil your dreams. DG Sharma’s CAPS is best ca coaching classes in Nagpur.

DGS CAPS is a pioneer in imparting education to the students who want to shine in their academics and secure top ranks in Exams.

DG Sharma’s CAPS offers Top Faculty, printed study material, revision, and rigorous tests to make sure you top Exam easily.

Come and Join the best ca coaching in Nagpur. Experience the DGS CAPS expertise and excel in your Exams

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Complete Guide to Services Export from India Scheme(SEIS)

Complete guide to services export from India scheme present article will help you to understand the meaning of Services Export from India scheme (hereinafter referred to as the “SEIS”) in detailed manner, objectives, benefits, eligibility criteria, procedure and all other information required to avail the benefit of this SEIS scheme.

INTRODUCTION

As we are aware of the fact that the promotion of exports of a country is always been the most critical and vital course of action of any government. This is due to the reason that it has a vast impact on the overall development of a nation. The central government notified a scheme called Service Exports from India Scheme (“SEIS”) under Foreign Trade Policy 2015-20 (“FTP”). The purpose of the scheme is to make the export of Indian services more competitive in the international market. SEIS replaced ‘Served From India Scheme (“SFIS”) which was introduced in the past, the validity of the SEIS scheme is for a period of 5 years ie., till 2020. Under the SEIS scheme, incentives in the form of scrips at a rate ranging from 3% to 5% on services exporter’s net foreign exchange earnings are given to exporters of notified services that can be used to settle the payment of duties and are also freely transferrable in open market.

OBJECTIVES

The objectives of the scheme are provided under chapter 3 of FTP 2015-20 which are as follows:

Promote     exports of notified services;

To     make our services more competitive in the global market;

Incentives     to exporters to offset infrastructural inefficiencies and associated costs     involved.

    BENEFITS OF SEIS SCHEME

The Duty Credit Scrips and goods imported/procured against these scrips shall be freely transferable. Credit Scrips may be used for payment of Basic Customs duties ie., BCD, Composition Fee, for Export Obligation (EO) defaults, Authorizations issued under Chapter 4 and Chapter 5 (i.e. Duty exemption Schemes and EPCG Scheme) of FTP 2015-2020, application fee under FTP 2015-2020, if any, and fees for permitted imports of inputs or goods, except the items listed in Appendix 3A of Hand Book Of Procedures (“HBP”) i.e. except items not allowed for import under Export from India Schemes. Once scrip is being issued, requests for splits could be permitted with the same port of registration for EDI enabled ports in terms of Para 3.09 of HBP. However, according to Trade Notice No.11/2018 Dt. 30/06/2017, IGST, CGST, SGST GST, and Compensation Cess, as may be applicable should be paid and may be availed as an input tax credit, if eligible, in accordance with the provisions of GST.

    DUTY CREDIT SCRIPS

·         Duty credit Scrips (“Scrips”) are nothing but incentives/rewards which are given to the eligible exporters at a notified rate. These Scrips can be used for the payment of different duties or taxes like customs duties, excise duties, service tax on the procurement of services, exchange duties, and others. These credit Scrips are valid for a term of 18 months from the date of its issuance.

·         Service providers of eligible services are entitled to duty credit scrip at notified rates on the net foreign exchange earned by the Service providers. It is to be noted that these Scrips cannot be utilized for paying Integrated Goods and services tax (IGST) and GST Compensation Cess (if applicable) on the import of goods.

     ELIGIBILITY CRITERIA UNDER SEIS

Basically there are 4 categories in which services can be delivered/exported:

Category-1

Category -2

Category -3

Category -4

Cross border  trade of eligible services from one country to the other country.

Consumption  of services abroad

Commercial  presence of services of one country in the territory of another.

Presence of  natural person of one country providing their service in the territory of  another

 It is pertinent to note that only the first two types of services are covered under SEIS and can take the incentive under the scheme.

Further, Service providers also required to satisfy below conditions for obtaining the benefits under SEIS.

1.   Service provider must be located in India.

2.   He must hold an IEC number.

3.   If he is both ie., manufacturer as well as a service provider then the net foreign exchange earned by him shall be considered for services only.

4.   Forth and the most vital condition can be defined as follows:

IN CASE APPLICANT IS A COMPANY, LLP OR A PARTNERSHIP FIRM

IN CASE APPLICANT IS AN INDIVIDUAL OR SOLE PROPRIETOR

Minimum of  $15,000 net free foreign exchange earnings shall be there in the previous  financial year to apply for the application to get rewarded.

Minimum  $10,000 net free foreign exchange earnings shall be there in the previous  financial year to apply for the application to get rewarded.

 Here the term “Net Foreign exchange earnings” defined as under:

Net Foreign Exchange= Gross Earnings of Foreign Exchange (minus) Total payment/expenses/remittances of Foreign Exchange by the Service provider, relating to services in the Financial year.

INELIGIBLE CATEGORIES UNDER SEIS

Ineligible categories have been specified under Para 3.09 of FTP, the same can be enumerated herein below–

1. Foreign exchange remittances/sources of earnings:

equity     or debt participation;

receipts     of repayment of loans;

donations;

any     other inflow of foreign exchange, unrelated to rendering of services, etc.

2. Export turnover relating to services of units operating under EOU / EHTP / STPI / BTP Schemes or supplies of services made to such units.

3. Special Provisions: The government has reserved its right if they find it in public interest, they can impose restrictions/change the rate/ceiling on Duty Credit Scrip under this policy, etc.

4. In order to claim the benefit under SEIS, the application must be filed within 12 months from the end of the financial year of the claim period.

It is to be noted that the application can be filed after the aforesaid period however in that case a small late cut shall be applied (as per Para 9.02 of the HBP). Hereinbelow is a table to understand the late cut to be imposed by the government.

PARTICULARS

CREDIT ALLOWED ON OR BEFORE THE DUE DATE

LATE CUT RATE TO BE IMPOSED

NET ELIGIBILITY

 If Application is being received within 6  months from the last date of filing

100%

2%

98%

If Application is being received after 6  months but before 1 year from the last date of filing

100%

5%

95%

If Application is being received after a  period of 12 months but before 2 years from the last date of filing.

100%

10%

90%

  HOW TO APPLY FOR THE APPLICATION OF SEIS AND DOCUMENT REQUIRED

Now let’s have a look at the procedure for filing of application of SEIS online:

a). Visit www.dgft.gov.in ;

b). Go to the services tab;

c). In it you will find Online Ecom Application;

d). Thereafter choose the year for which application for SEIS is to be filed ie., 2015-2016 & 2016-2017, 2017-2018 & 2018-2019;

DOCUMENT REQUIRED:

A signed copy of the following documents needs to be uploaded:

1.   IEC

2.   Application Form for Service Exports From India Scheme(SEIS) in Form ANF 3B

3.   Write Up of Services as per Form ANF 3B,

4.   Invoices and FIRC’S

5.   RCMC certificate

6.   Certificate of Chartered accountant in Annexure to ANF3B

SERVICES AND RATE OF REWARD

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CONCLUSION

Hence, one can say that it is a proactive step to boost our exports, the incentive of the scheme can be claimed under Chapter-3 of FTP on services as notified under the FTP 2015-2020. Once the application is approved Duty Credit Scrips will be issued which can be used for the payment of different duties. The application can also be applied after the last date of submission however; in that case, a late cut shall be deducted from eligible credit.

How we help

Letscomply helps its client to prepare and file the application along with the supporting documentation as required under the scheme. We also time to time after filing of the application update our clients and assist them to get rewarded at the earliest.

best virtual CFO services

Source

www.cbec.gov.in

https://dgft.gov.in/

www.nacenkanpur.gov.in

https://www.icai.org/

https://www.icsi.edu/home/

More Information Click Here: https://www.letscomply.com/complete-guide-to-services-export-from-india-scheme-seis/

Contact Us:

+91-97-1707-0500

info@letscomply.com

https://www.letscomply.com/

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