Follow Us :

Archive: 15 December 2010

Posts in 15 December 2010

Free YouTube Live on The global landscape –  from market’s to trade

May 24, 2024 39 Views 0 comment Print

Join us for an insightful and dynamic YouTube Live session on “The global landscape –  from market’s to trade.” with renowned financial analyst Ankit Baid, MBA Finance. The presentation explores shifting of the global economic landscape, focusing on the decline of US dominance and the rise of China. It examines the potential decrease in global […]

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7386 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Development of customized software is not works contract and hence not subject to levy of VAT under Karnataka Value Added Tax Act, 2003

December 15, 2010 3954 Views 0 comment Print

M/s Sasken Communication v. Joint Commissioner, Commercial Taxes & Ors (Karnataka High Court) The contract for development of software in question are not works contract but contract for service simplicitor and hence not liable to tax under the Karnataka Value Added Tax Act, 2003. The contract for development of software is not a composite contract consisting of a contract of service and contract for sale of goods. It is an indivisible contract of service only.

Payments for reassembling and recommissioning of machinery not taxable

December 15, 2010 654 Views 0 comment Print

The ITAT held that the payments for services rendered with regard to reassembling and recommissioning of machinery in India under the Indian Tax Laws (ITL) and the India-Italy Double Taxation Avoidance Agreement (DTAA), would be excluded from fees for technical services (FTS) under the DTAA since the same were in the nature of business profits.

Indian Customs – Tariff Notification No. 124/2010 – Amends Notification No.97/2009-Customs, dated the 11th September, 2009

December 15, 2010 369 Views 0 comment Print

G.S.R 977 (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 97/2009-Customs, dated the 11th September, 2009, publi

Meghalaya VAT rate change for Goods falling under Schedule II and liable to tax at 4 Percent

December 15, 2010 1943 Views 0 comment Print

Effective 07 December, 2010, the rate of VAT in Meghalaya has been enhanced, as mentioned below: Goods falling under Schedule II and liable to tax at 4% Rate up to 6 December, 2010 – 4% Rate with effect from 7 December, 2010 – 5% Source-  No.ERTS (T) 12/2010/30,dated 07 December, 2010

Notification No. 100/2010-Customs (N.T.) dated 15.12.2010

December 15, 2010 373 Views 0 comment Print

S. O… (E) – In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in

Parle Bisleri – Plea for benefits of SSI dismissed

December 15, 2010 781 Views 0 comment Print

The Supreme Court last week dismissed the appeal of Parle Bisleri Ltd challenging the ruling against it by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in an excise dispute over its soft drink flavours and the use of their brand names. Apart from Parle Bisleri, two others involved were Parle Exports Ltd and Parle International Ltd. Parle Bisleri claimed excise benefits as a small scale industry in the 1990’s. The claim was rejected by the tribunal. It appealed to the Supreme Court, which stated that the tribunal was right in denying the benefit by clubbing the products of the three companies. The court said: “the three companies in question were intertwined in their operation and management… It would likely seem that the purported fragmentation of the manufacturing process was but a mere ploy to avail of the SSI exemption. Piercing the corporate veil, when the notions of beneficial ownership and interdependency come into the picture, are no longer disputed questions. On this count, therefore, we have no hesitation whatsoever in affirming the order of the tribunal,which was justified entirely through the precedent set by this court.”

Allocation of 8,200 MTs of Raw Sugar to USA under tariff rate quota for the year 2010-11 through M/s. Indian Sugar Exim Corporation Ltd, New Delhi

December 15, 2010 277 Views 0 comment Print

In exercise of the powers conferred under Paragraphs 2.1, 2.4 and 2.29 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby allocates a total quantity of 8,200 MTs of Raw Sugar, H.S. Code No. 1701 00 00 { in the Schedule 2 of ITC(HS) Classification of Export & Import Items}(at 98 degree Pol) out of non-levy(free sale) quota of 2010-2011(October, 2010 to September,2011).

Bajaj Allianz launches instant tax calculator for mobile phones

December 15, 2010 986 Views 0 comment Print

Mobile phones, being an integral part of our lives have gone beyond the use of just calling or sending SMS. This mobile application is another convenient feature on the mobile that makes your tax calculation and planning simpler, even while you are

Security Certification a must for all Government Websites- Sachin Pilot

December 15, 2010 195 Views 0 comment Print

Sh. Sachin Pilot, the Minister of State for Communications and Information Technology held a meeting with officers of the Department of Information Technology, the Ministry of Home Affairs, Indian Computer Emergency Response Team (CERT-In), National

PM Reaffirms Govt's Commitment to Provide Enable Environment Conducive to Corporate Sector Growth

December 15, 2010 243 Views 0 comment Print

The Prime Minister has reaffirmed the Government’s commitment to providing an enabling environment conducive to the growth of the corporate sector in our country. Inaugurating here today the second India Corporate Week, being organized by the Ministr

Search Post by Date
May 2024
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031