"07 June 2010" Archive

Important Issues Pertaining To NCLT after The Judgment Of Supreme Court?

I am very happy to see the judgment of the Supreme Court on National Company Law Tribunal. I have read the judgment of Justice Jayasimha Babu of Madras High Court regarding the constitution of National Company Law Tribunal and Appellate Tribunal in the Writ Petition preferred by Madras Bar Association many times....

Read More
Posted Under: Company Law |

Nagarjuna Construction Company Ltd. Versus Government of India (Andhra Pradesh HC)

M/s Nagarjuna Construction Company Ltd. Vs. Government of India (Andhra Pradesh High Court)

The Circular No. 98/1/2008-ST dated 01-01-2008 issued by the 1st respondent is in challenge. On a true and fair construction of Rule 3(3) of the 2007 Rules, it is clear that where in respect of a works contract service tax has been paid, no option to pay service tax under the composition scheme could be exercised. There is no ambiguity i...

Read More

Service Tax on Renting of Immovable Properties- AP High Court stays retrospective amendment

Trent Limited Vs. DDIT (High Court of Andhra Pradesh)

TRENT Ltd and Future Value Retail Ltd have challenged before the AP High Court, the service tax with retrospective effect on renting of immovable property, brought in by the Finance Act, 2010....

Read More

Vodafone case hearing on 14th June 2010

The UK's Vodafone, fighting a tax bill in India from its 2007 purchase of Hutchison Whampoa Ltd's mobile business there, said authorities had set a June 14 hearing to discuss the size of the tax bill....

Read More
Posted Under: Company Law |

Retail majors will move High Couty to seek stay on service tax on commercial rentals

Four retailers will be approaching various High Courts across the country to seek a stay order on the service tax on commercial rentals that was imposed in this year’s Budget by finance minister Pranab Mukherjee. According to industry sources, the four retailers are Shopper’s Stop, Lifestyle, More and Reliance Retail Ltd....

Read More
Posted Under: Company Law |

Income Tax department probe NRI funds in IPL

The Income Tax department has requested the Finance Ministry to approach the authorities in Switzerland and other tax havens for details of overseas accounts of "non-residents" who invested in the Indian Premier League. The step is part of the ongoing investigations into investment of foreign funds in the IPL....

Read More
Posted Under: Company Law |

Public has right to know how tax payers money is spent: Vice President

As demands for thorough scrutiny of spending of public funds grow, Vice President Hamid Ansari today said citizens have every right to know how the tax-payers money is being spent by the government to implement various programmes. He also said that if any funds spent by the government did not come under the scrutiny of Comptroller and Aud...

Read More
Posted Under: Company Law |

Basics of Goods and Service Tax with Help of Examples

Idea of national GST was first mooted by Kelkar Task Force in 2004. A task force was formed under Chairmanship of Shri Vijay Kelkar on Implementation of Fiscal Responsibility and Budget Management Act. The Kelkar Committee submitted its report in July 2004. The Committee strongly recommended fully integrated ‘GST’ on national basis. S...

Read More
Posted Under: Company Law |

Internationally – Goods and Service Tax

VAT/GST provisions in countries other than India are quite streamlined and stable. As the Law in India is still not a reality we might look into the provisions which are in place since quite long and access the structure of rate, exemptions etc....

Read More
Posted Under: Company Law |

Procedural aspects of GST

It would be mandatory for registered dealers to furnish return electronically in Form No. GST-I, which would be a combined monthly payment and return form for all intra-state and inter-state transactions. Periodicity of furnishing this return would be monthly. Electronic filing of any other returns could also be mandatory and forms could ...

Read More
Posted Under: Company Law |

Search Posts by Date

July 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031