"18 February 2014" Archive

Interim Budget but No Major Interim Relief

Hard pressed by the compulsions of political ethics, the UPA -2 Government could not present the full fledged budget for the next fiscal 2014-15. However, an interim budget (Vote on Account) has been presented to seek approval for expenditure for next four months i.e., upto 30th June, 2014...

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Posted Under: Service Tax |

Transfer of Non-Gazetted Staff from one charge to another under CBDT –Relaxation of conditions-reg

F. No. HRD/CM/104/7/2013-14 /5006 (18/02/2014)

F. No. HRD/CM/104/7/2013-14 /5006 Competent Authority has decided to extend the period of relaxation of Condition No 2(c) of the Board's Circular dated 14.05.1990 w.e.f the date of issue of this letter till 31.12.2014 in the following category of cases:...

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Interim Budget 2014 – Amendment in Custom Duty

1) Full exemption from customs duty on pulses valid till 31.03.2014 has been extended by another 6 months i.e. up to 30.09.2014 [Clause (a) of the proviso to the notification No.12/2012-Customs, dated 17.03.2012 as amended by notification No.5/2014-Customs, dated 17.02.2014 refers]....

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Posted Under: Service Tax |

Interim Budget 2014 – Amendment in Service Tax

D.O.F. No. 334/03 /2014-TRU (17/02/2014)

Government of India, Ministry of Finance, Department of Revenue, Tax Research Unit D.O.F. No. 334/03 /2014-TRU , Dated February 17, 2014. Subject: Union Budget 2014(Interim): changes in Service Tax – reg. In the Interim Union Budget, in Service Tax, two amendments have been made in notification number 25/2012-ST dated June 20, 2012:...

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Changes in Service Tax, Excise Duty and Custom Duty – Interim Union Budget 2014-15

Highlights of Interim Union Budget 2014-15 The Hon’ble Finance Minister P. Chidambaram presented the Interim Budget for the fiscal year 2014-15 on Monday, February 17, 2014 to cover expenditure until the Government’s term ends in May, 2014. While presenting the Interim Budget 2014 in Parliament, the Hon’ble Minister proposed no ...

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DVAT – Extension of Amnesty Scheme till 28.02.2014

Notification No. F.3 (24)/Fin (Rev-I)/2013-14/DSVI/238-243 (18/02/2014)

In the Delhi Compliance Achievement Scheme, 2013, in sub-clause (1) of clause 4, for the words and figures 18th day of February, 2014, the words and figures 28th day of February, 2014 shall be substituted....

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Interim Budget – Waiver of Interest on Education Loan

It is a welcome proposal that the government will pay the interest outstanding as on 31.12.2103 for the education loans taken up to 31.03.2009 and the borrower has to pay interest from 01.01.2014. But for those who have paid interest whether the same will be refunded or the interest portion will be deducted from the principal payable. ...

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Posted Under: Service Tax |

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