"17 March 2012" Archive - Page 4

Budget 2012- Point of Taxation (Amendment) Rules, 2012

Notification No. 04/2012-Service Tax (17/03/2012)

Notification No.4/2012 - ST, dated 17-3-2012 After rule 2 of the said rules, the following rule shall be inserted, namely:- 2A. Date of payment.- For the purposes of these rules, date of payment shall be the earlier of the dates on which the payment is entered in the books of accounts or is credited to the bank account of the person liab...

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Notification No. 3/2012-Service Tax, Dated: 17.03.2012

Notification No. 03/2012-Service Tax (17/03/2012)

Notification No.3/2012 - ST, dated 17-3-2012 In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely:- 1. (1) These rules may be called the Service Tax ...

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Notification No. 2/2012-Service Tax, Dated: 17.03.2012

Notification No. 2/2012-Service Tax (17/03/2012)

Notification No.2/2012 - ST, dated 17-3-2012 In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Depar...

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Notification No. 1/2012-Service Tax, Dated: 17.03.2012

Notification No. 1/2012-Service Tax, (17/03/2012)

Notification No.1/2012 - ST, dated 17-3-2012 In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, on 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 th...

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Dividend Distribution Tax and common man

Though the proposed amendment to Section 115-O of the Act providing that in case any company receives, during the year, any dividend from any subsidiary and such subsidiary has paid DDT as payable on such dividend, then, dividend distributed by the holding company in the same year, to that extent, shall not be subject to Dividend Distrib...

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Posted Under: Service Tax |

Related person for the purpose of making an application before Settlement Commission

It is accordingly proposed to amend the provisions of section 245C of the Income-tax Act so as to provide that a person shall be deemed to have a substantial interest in a business or profession if such person is a beneficial owner of not less than 20% of shares or of 20% share in profits on the date of search. ...

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Posted Under: Service Tax |

Fee for filing applications before Authority for Advance Rulings (AAR) raised to Rs. 10,000

Under section 245Q of the Income-tax Act, the prescribed fee for filing an application before the Authority for Advance Rulings (AAR) is Rs.2500. This fee was prescribed in 1993, when the provisions for Advance Rulings were first introduced and there has been no change/review thereafter. It is therefore proposed to amend the provisions o...

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Posted Under: Service Tax |

Not necessary to issue S.132 authorisation or make a requisition u/s. 132A separately in the name of each person in search cases

Under the existing provisions of section 132 and section 132A, an authorisation can be issued or a requisition can be made, as the case may be, where the Director General or the Director in consequence of information in his possession has reason to believe that any person is in possession of any money, bullion, jewellery or other valuable...

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Posted Under: Service Tax |

5% duty made 6%. Notification No. 2/2011 – CE dated 1.3.2011 amended. Sl. Nos 34 and 35 of the table again omitted, which were already omitted by Notification No. 43/2011 – CE dated 30.12.2001

Notification No. 19/2012-Central Excise (17/03/2012)

Central Excise In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Fi...

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Effective Rate of 12% and 6% Excise Duty fixed for many items for which the Tariff Rates also been reduced

Notification No. 18/2012-Central excise (17/03/2012)

Central excise Effective Rate of 12% and 6% fixed for many items for which the Tariff Rates have also been reduced. But as the reduction in tariff does not have immediate effect, the reduction is brought into immediate effect by this notification, which will be rescinded when the Finance bill is enacted. ...

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