Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!
Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!
The area of trade, commerce and business is at present under a rigourous administrative regulation. Broad powers to regulate trade and commerce have been conferred on administrative authorities through statutes or rules. Legislature sometimes leave a large amount of discretion in the hands of administrative authorities. Legislation conferring powers on the executive sometimes is drafted […]
The Revenue alleged that various charges like freight, labour, electricity, telephone, etc.,which were reimbursed by the Principals on actuals should be included in the taxable value of C&F Service. In this regards, the Hon’ble CESTAT held that the reimbursable expenses received by the assessee need not be added to the taxable value related to C& F Agents Service.
Service tax in India was bought into existence in the year 1994. Initially, only 3 services were bought into the net, with effect from 1st July 2012 the new system of taxation of services known as Negative list came into existence under this scheme apart from those services listed in the negative list are taxable.
Dr. Raghuram Rajan Appointed as Governor of Reserve Bank of India Prime Minister has approved the appointment of Dr. Raghuram Rajan as the Governor of Reserve Bank of India (RBI) for a term of three years, vice Dr. D. Subba Rao upon completion of his (Dr. Rao’s) tenure .Dr Rao will be completing his tenure […]
In partial modification to this department’s Circular No.7 of 2013-14 on the subject cited above, and in exercise of the powers conferred under Rule 49A of DVAT Rules, 2005, the last date of filing of return, excluding Annexure 2C and Annexure 2D, for the quarter ending 30/06/2013 for dealers, including composition dealers, is extended to the following dates:
In partial modification to this department’s Circular No.8 of 2013-14 on the subject cited above, and in exercise of the powers conferred under Rule 49A of DVAT Rules, 2005, the last date of filing of return, for the quarter ending 30/06/2013, is extended to the dates as per schedule given below:
This excel utility can be used only for the ST3-Return to be filed for the period/s, October 2012 to March 2013 and thereafter. Assessee can file the return for one or more than one service offered from one or more than one premises as well.
This is a case before the Division Bench of Andhra Pradesh High Court whereby the petitioner has challenged the decision of the Authority of Advanced Ruling. The AAR held the petitioner to be an assessee in default under Section 201(1) of the Income Tax Act.
CA Dev Kumar Kothari Prizes or rewards are ‘capital receipt’ in hands of NON-PROFESSIONAL SPORTS PERSONS like Shri Abhinav Bindra. Why same theory should not be applied to professional sports person? A capital receipt cannot be deemed ‘income’.
Sub: Clarification on DP-1 The dealers who have submitted Form DP-1 without purchase commodities in the pre-revised Form DP-1 have the option to edit the Form DP-1 and submit the details of commodities purchased by them. Further, they can also edit the details of the commodities for sale, otherwise the commodity list submitted earlier would be treated as if these commodities are for sale. The last date for editing the said form is 26.08.2013.
