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Archive: 27 March 2011

Posts in 27 March 2011

Service Tax on Tour Operator’s Services

March 27, 2011 2432 Views 0 comment Print

Tour Operator’s Services means any service provided or to be provided to any person, by a tour operator in relation to a tour. Tour Operator” means any person engaged in the business of planning, scheduling, organising or arranging tours (which may include arrangements for accommodation, sightseeing or other similar services) by any mode of transport, and includes any person engaged in the business of operating tours in a tourist vehicle or a contract carriage by whatever name called, covered by a permit, other than a stage carriage permit, granted under the Motor Vehicles Act, 1988 (59 of 1988) or the rules made thereunder;

Service tax on Site Formation and Clearance, Excavation and Earthmoving and Demolition Services

March 27, 2011 2418 Views 1 comment Print

Site formation and clearance, excavation and earthmoving and demolition” includes,- (i) Drilling, boring and core extraction services for construction, geophysical, geological or similar purposes; or ii) Soil stabilization; or (iii) Horizontal drilling for the passage of cables or drain pipes; or (iv) Land reclamation work; or (v) Contaminated top soil stripping work; or (vi) Demolition and wrecking of building, structure or road, but does not include such services provided in relation to agriculture, irrigation, watershed development and drilling, digging, repairing, renovating or restoring of water sources or water bodies.

Service tax on Travel by Air Services

March 27, 2011 1719 Views 0 comment Print

Travel by Air Services means any service provided or to be provided to any passenger, by an aircraft operator, in relation to scheduled or non-scheduled air transport of such passenger embarking in India for domestic journey or international journey;

Service tax on Investment Management Service under ULIP

March 27, 2011 1146 Views 0 comment Print

Investment Management Service under ULIP means any service provided or to be provided to a policy holder, by an insurer carrying on life insurance business, in relation to management of investment, under unit linked insurance business, commonly known as Unit Linked Insurance Plan (ULIP) scheme.

Service tax on Scientific or Technical Consultancy Services

March 27, 2011 5759 Views 0 comment Print

“Scientific or technical consultancy” means any advice, consultancy, or scientific or technical assistance, rendered in any manner, either directly or indirectly, by a scientist or a technocrat, or any science or technology institution or organization, to any person, in one or more disciplines of science or technology. “Taxable service” means any service provided or to be provided to any person, by a scientist or technocrat, or any science or technology institution or organization, in relation to scientific or technical consultancy.

Service tax on Packaging Services

March 27, 2011 1281 Views 0 comment Print

Packaging Services means any service provided or to be provided to any person, by any other person, in relation to packaging activity. “packaging activity” means packaging of goods including pouch filling, bottling, labelling or imprinting of the package, but does not include any packaging activity that amounts to ‘manufacture’ within the meaning of clause (f) of section 2 of the Central Excise Act, 1944 (1 of 1944)

Wipro Chairman Azim Premji against law on mandatory CSR spending

March 27, 2011 931 Views 0 comment Print

Wipro Chairman Azim Premji on Thursday came out strongly against the idea of formulating laws on mandatory spending by industry on corporate social responsibility. “I don’t think you generate CSR by putting statutory requirements. I think there is enough social consciousness among the larger companies to drive it on the basis of what they consider their responsibility,” he said.

Interest-free loans for first-time home buyers in UK

March 27, 2011 850 Views 0 comment Print

The British government on Wednesday said that first-time house buyers in the United Kingdom will be offered interest free loans to help them get a foot on the housing ladder. Up to 10,000 people will receive loans of up to 20 per cent of the value of new properties, Chancellor George Osborne said, while presenting the Budget for 2011-2012 in the House of Commons.

Parliament approves new name for Orissa

March 27, 2011 1154 Views 0 comment Print

Orissa will hereafter be called ‘Odisha’ and the Oriya language will be known as ‘Odia’ with Parliament giving approval to amendment of the Constitution and also passing the related bill. The Rajya Sabha passed the Orissa (the Alteration of Name) Bill and adopted the Constitution (113th) Amendment Bill after a brief debate with members from all parties hailing the move as “historic” for people of the state.

Clarifications regarding changes introduced through the Customs Notifications issued on 24-3-2011

March 27, 2011 1283 Views 0 comment Print

Full exemption from levy of Special Additional Duty of Customs has been provided to Ships; Aircrafts imported by non-scheduled operators and specified parts of personal computers viz., Microprocessor for computer, other than motherboards, Floppy disc drive, Hard disc drive, CD-ROM drive, DVD Drive/DVD Writers, Flash memory and Combo drive. The exemption on parts of personal computers is subject to actual user condition.

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