"16 May 2013" Archive

Confusion Prevails On Educational Institutions Service Tax

Specified type of education are covered in negative list while certain other types of education services are covered for exemption under mega exemption Notification No. 25/2012-ST dated 20.06.2012. Both these provisions operate on a different footing on a strict legal interpretation....

Read More
Posted Under: Service Tax |

Local Body Tax – Why Brickbats Instead Of Bouquets?

 Adv. Neerav Mainkar After years of dragging its feet on the abolition of Octroi at its Check Nakas in several cities, the State Government has finally abolished Octroi in the cities of Nagpur, Pune and Pimpri-Chinchwad, Thane & Navi Mumbai Municipal Corporations, replacing it with Local Body Tax (LBT)....

Read More
Posted Under: Service Tax |

Download ITR- 4S Sugam for E-filing of AY 2013-14 with Instructions

We have uploaded ITR-4S Sugam as applicable for AY 2013-14 / FY 2012-13 for online filing of Income Tax Returns for Presumptive Income Tax Return. This Return Form is applicable for assessment year 2013-2014 only, i.e., it relates to income earned in Financial Year 2012-13. We have also discussed who can use this Return Form, Who cannot...

Read More
Posted Under: Service Tax |

Notification No. 11/2013-Customs (ADD) Dated – 16th May, 2013

Notification No. 11/2013-Customs (ADD) 16/05/2013

Seeks to impose anti-dumping duty on imports of Peroxosulphate, originating in or exported from People's Republic of China and Japan for a further period of 5 years pursuant to final findings of SSR. ...

Read More

Dos & Don't for filing of Income Tax Return (ITR) for AY 2013-14

Impact of Errors made while filing returns Returns can be classified as defective u/s 139 (9) and in some scenarios the return can be declared in valid / Non Est. ITD is not introducing this concept to cover certain types of errors in order to prevent future grievances. Computation Errors – In electronic filing, it […]...

Read More
Posted Under: Service Tax |

Service Tax Reverse Charge Mechanism – Chart, Accounting Entries & issues

The Reverse Charge was introduced in Service Tax vide Budget of the year 2005-2006. At that point of time there was only one service which was covered under Reverse Charge. However, with the passage of time this list has been expanded and at present this list contains 11 services into it which covers both Reverse Charge and Partial Rever...

Read More
Posted Under: Service Tax |

MVAT Notification amending MVAT Rules, 2005,Set-off Rules-Developer of SEZ and Units in SEZ

Notification No.VAT-1512/CR-115/Taxation-l 16/05/2013

55B. Applicability of set-off to developers and units in Special Economic Zone.— Nothing contained in sub-rule (6) of rule 53, or as the case may be, clauses (g) and (h) of rule 54 shall be applicable to the developers and units, in processing area of the Special Economic Zone....

Read More

Summary of Service Tax Voluntary Compliance Encouragement Rules, 2013

The finance bill 2013 has announced the voluntary compliance scheme to be introduced to encourage voluntary compliance and broaden the tax base. However the actual rules and scheme were to be announced later. With the passing of bill on 10.05.2013, central government on 13.05.2013 has come up with the scheme and rules there under. Here is...

Read More
Posted Under: Service Tax |

Amends Notifications No. 92/2009-Cus,93/2009-Cus, 95/2009-Cus,104/2009-Cus and 23/2013-Cus.

Notification No. 29/2013-Customs 16/05/2013

(2) that the said scrip has not been issued in violation of the condition contained in the sub-paragraph (5) of paragraph 2 of notification No.101 of 2009 – Customs, dated the 11th September, 2009 or sub-paragraph (4) of paragraph 2 of notification No.102 of 2009 – Customs, dated the 11th September, 2009 or the second proviso to sub-p...

Read More

Reg. transfer of goods imported by licensee or by a sub-contractor of licensee

Notification No. 28/2013-Customs 16/05/2013

where the goods so imported by the licensee or a sub-contractor of the licensee are sought to be transferred, the importer produces to the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, at the time of such transfer, the following, namely:-...

Read More

Search Posts by Date

January 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031