Category Archives: Education

Brief information about Indirect taxation courses in India

Indirect taxation is one of the most important elements of accountancy, which must be learned effectively in  order to make a suitable career path. There are so many fields you can direct your way once completing indirect taxation course and gained some experience in the field of the accounting. Unlike direct taxes, which are directly charged to the individual income, indirect taxes are charged for individual expenses for certain things such as products purchased or services taken.

There are several institutes who offer best both direct and indirect taxation courses, which usually involves understanding the concepts of Income tax, sales, tax, service tax, VAT, etc., however, one should always do their research on their background, experiences and faculty before joining any institutes. After completing the certification course, the candidate will be able to find himself a better job opportunity and can even become a tax consultant or open their own tax consulting firm.

Moreover, this course is also a life saver for those who wish to pursue a career in the accounting field. Whether he/she wishes to join any high standard company as an accountant or have a desire to open their own firm, or even wish to hone their skills, this indirect taxation course will help them achieve target in an efficient manner.

What you will learn from this course?

  1. Service Tax in India: This tax is levied on the services provided by any entity, which is collected from the person using the service and paid directly to the Government. Service tax is implied on almost all the services in India expect the Negative list of services and is paid by the service provider to the Government if the total value of services offered by them exceeds the limit of Rs. 10 lakhs.
  2. Excise duty in India: These taxes are levied on those products which are produced in India and is paid by the manufacturer, which he perceived through the customers. The excise duty tax is fixed on the products as soon as it is manufactured.
  3. Value Added Tax in India: Value Added Tax, or simply VAT refers to taxes implied on moveable goods. It is the difference between the amount of the product from the point of its manufacturing and the amount of the product from the point of its final destination, which is paid by the consumer during the purchase.
  4. Customs Duty in India: These kind of taxes are implied on goods that are imported into India from foreign countries. It is also charged on products exported out of India. It includes import and export collections from various processes, penalties and offenses.
  5. Securities transaction tax (STT): STT is also an indirect tax charged at the time of purchase of securities through Indian stock market. These usually include mutual funds, shares, F&O transactions, etc, and its main motive was to decrease the tax implied on short term capital gains.
  6. Stamp Duty: Stamp Duty is an indirect tax, which is imposed on all the legal documents of permanent property by State’s Govt.
  7. Entertainment Tax: Entertainment Tax is a tax that is levied on entertainment and public amusement related events like films, shows, Amusement Park, Sports and is reserved for the State’s Govt.

Indirect taxation course objective is to produce finance professionals to gain access in this mounting field of accounting, hence join it with confidence and give your accounting and taxation career a flying start.

Authors’ Bio

SLA Consultants India is a well known and highly admired training and development consultancy firm situated in New Delhi for more than seven years, who provides master class indirect taxation course along with many other training courses in several stream to help candidates find a promising job after graduation.

Which test is more favourable for colleges, the SAT or the ACT?

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Most colleges in the US require SAT or ACT scores, but there are still a few that are “test optional,” meaning you don’t have to submit it if you don’t want to. It depends on what college you are applying to. If you are applying to colleges in the U.S, then it is preferable that you give a SAT atleast once. But there are some colleges that do not demand any of the above. So lookup on the colleges you are applying to and see whether they require any of the above test scores. If yes, you should give it.

The ACT is “more popular.”

Well, at least you could argue that given recent reported numbers (at least the most recent numbers I’ve been able to find).

Reported as recently as 2015, the ACT had 1,924,436* takers vs. the SAT which had approximately 1,700,000** test takers.

Traditionally, the SAT before 2011 was “more popular” or at least taken more than the ACT, but starting in that year, the latter exam took over and has grown to this gap of over 200,000 students.

However, colleges/admissions teams are happy to accept both.

I think you’re aiming for an answer by the Admissions officers who will never speak publicly about their preferences. You can look for verbiage on admissions pages per college, but you will see in the language for almost EVERY SINGLE UNIVERSITY which requires either exam that EITHER exam is fine.

——— by Brandon Na

At this point, virtually all colleges accept both and don’t look more favorably at either one.

The difference in popularity tends to be more about student geography. Students (and schools) on the Coasts have traditionally taken the SAT. Students in the Midwest have traditionally taken the ACT. All of that is changing rapidly. According to some students, colleges do not prefer one over the other. Every reputable school accepts either in the US. Take them both. Some scientifically minded students find they do better with the ACT.

1. SAT Mathematics is more easier than ACT.

2.ACT has science section but SAT doesn’t.

3. SAT writing section is compulsory but ACT writing is optional

4. SAT focuses more on vocabulary but ACT doesn’t.

So Analyze your stengths and weaknesses by yourself and choose wisely.

The advantage of the ACT is that many schools will waive the subject SAT, if you submit the ACT. However, colleges of engineering will generally want a subject SAT (Math and Physics) regardless.

This depends on a few criteria – in Michigan, the state has switched from the ACT to the SAT as their required junior year state test, so it only makes sense to focus on the SAT only. — by Amy Lesemann.

The difference between the two tests is in the way they test their materials. The universities won’t be rejecting you based on the fact that you gave SAT and not ACT. It depends on you really. They test similar things, and are both about the same length in time. They are also both accepted by all schools, although not all require them. Try taking a practice test for both, and see which you score better on.

By Rachel Jakes, although colleges seem to use them as equivalent, the SAT and ACT have very different styles. SAT is designed to measure aptitude, whereas the ACT measures knowledge. That said, many students will be better at one than the other.

Personally, I think the ACT is easier. I understand the concern for wasting money, but as previous answers have said, sometimes there’s a cap to how high you can score on a particular test.

My advice is to prepare like nobody’s business for the ACT, enough so you feel like you have equal expertise in the ACT and SAT, even though you’ve only taken the SAT for real. Then, give the ACT a whirl; you may be pleasantly surprised.