state excise

VAT exemption on paddy, rice, wheat, pulses and products of rice and wheat extended for one more year from 1.4.2010. Tax on Masala Powder Mixtures, Macaroni, Sports Trophies, Shields and Medals, all kinds of scrap, Electric generators of less than 15 KVA, railway concrete sleepers, school bags costing up to Rs 200, reduced from 12.5 % to 5 %. Full Article

In the biggest tax evasion fraud of this financial year, the State Excise and Taxation department has unearthed a bogus billing scam to the tune of Rs 656.71 crore by three renowned Ludhiana firms — Singhania International, Shree Vallabh Exports and Krishna Ispat Limited. As per investigations, the firms — all of which deal in [...] Full Article

OFFICE OF THE COMMISSIONER OF CENTRAL EXCISE:: MADURAI Trade Notice No.  13 /2009  Dated:  13.03.2009.    Service Tax  No.    5 /2009 Sub: Service Tax – Levy of service tax on production of Alcoholic beverages on job work basis – Reg. 01.        BRIEF BACKGROUND Issues relating to taxable services provided during the course of production of alcoholic beverages (such as Indian Made Foreign [...] Full Article