Month: June 2015
557 articlesFema / RBI
Fema / RBI
Estimating Sacrifice Ratio for Indian Economy – A Time Varying Perspective
Fema / RBI
Fema / RBI
RBI notifies additional documents for limited purpose of ‘proof of address’
Fema / RBI
Fema / RBI
Subscription to chit funds by Non-Resident Indian on non-repatriation basis
Goods and Services Tax

Goods and Services Tax
VAT Collected on activation of SIM card ordered to transfer to Service Tax Department
Goods and Services Tax

Goods and Services Tax
Input Tax credit is available at invoice value even if goods are sold at a price lower than invoice value
Custom Duty

Custom Duty
Goods may be liable for confiscation when value of export goods in invoices is exaggerated
Excise Duty

Excise Duty
Extended period cannot be invoked, if details of clearance made without payment of duty to 100% EOU were already informed to Department vide CT-3 certificates
Excise Duty

Excise Duty
Excess credit reversed by assessee under protest during investigation with no SCN cannot be retained by Department
Fema / RBI
Fema / RBI
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2015
Service Tax

Service Tax
Import freight/ charges incurred prior to import or included in Customs valuation, cannot be charged to Service tax
Service Tax

Service Tax
Assessee cannot avoid responsibility to pay Service tax by contractual arrangement with its contractors
Service Tax

Service Tax
Method of computation of value in respect of Input services used for trading prior to 01.04.2011
Service Tax

Service Tax
No Condition that Input services must be received within factory premises for availment of Cenvat credit
Income Tax

Income Tax
