Attention is invited to Board’s circular No. 937/27/2010-CX dated 26.11.10 issued from F.No.52/1/2009-CX1 (Pt.), wherein based on the opinion of the Law Ministry, it was clarified that in view of the specific bar provided under sub-section (1A) of Section 5A of the Central Excise Act, 1944, the manufacturer cannot opt to pay the duty in respect of unconditionally fully exempted goods and he cannot avail the CENVAT credit of the duty paid on inputs.
You are requested to give your comments on the Circular 2 of 2010, if any. Comments received in this Department by 15th February, 2011 will be duly considered for incorporation in the third edition of Consolidated FDI Policy document.
E-services offered by the Department, especially e-return filing and e-payment facility have been welcomed by the dealers and tax practitioners. In view of the positive response received from all the quarters, the e . service of filing e returns is being introduced for the registered employers (PTRC holders) filing monthly returns.
The Income-tax Act, 1961 [I.T. Act], with large number of amendments made in nearly last fifty years, has become very complex leading to litigation and uncertainties. Considering the sea change in the nation’s economic policy and environment, the cou
Tickets for entertainment programmes and cricket matches would be costlier in rural areas of Maharashtra as the state government today decided to levy 10 per cent entertainment tax. “The government is introducing 10 per cent entertainment tax outsi
The Supreme Court has stayed an order of the Delhi High Court, which stopped the Centre from recovering service tax on renting of immovable property for commercial use, including shops and malls, from some firms. A Supreme Court bench comprising Just
In fresh trouble for Commonwealth Games Organising Committee, the Income Tax department has sought details of appointment of over 2,000 people amid allegations that many were ghost employees.
CIRCULAR NO. 132/1/2011-ST, DATED 12-1-2011-Representations have been received from the trade seeking clarification as to whether the activity of fumigation of export cargo including agricultural/horticultural produce, whether loaded into containers or otherwise is a taxable service falling under ‘cleaning services’ or not.
CBI officials said the case, under different Sections of IPC and the Prevention of Corruption Act, was registered against R T Gulani, Assistant Commissioner, Reeta Nagarkar, Superintendent and Suneel Gawte, Inspector. Sudheer Wadhwani Food Processing
The Reserve Bank has found violation of foreign investment guidelines by the BCCI, the parent body of the Indian Premier League (IPL), which organises Twenty20 cricket tournament. RBI, according to sources, has discovered violation of norms by the
