Follow Us:

Archive: February, 2016

Posts in February, 2016

Disposal of Public Grievances on priority: CBDT

February 5, 2016 1739 Views 2 comments Print

As you are aware, the Centralised Public Grievance Redress And Monitoring System (CPGRAMS) is a citizen-centric initiative for online receipts and redressal of public grievances. It is one of the key result areas being constantly monitored by the Government at the highest level. Currently around 1600 public grievances are being registered every month in the centralized grievance cell at CBDT.

Minimum Import Price introduced against 173 HS Codes

February 5, 2016 4078 Views 0 comment Print

Notification No. 38/2015-2020 a) Imports under Advance Authorisation Scheme are exempted from Minimum import Price (MIP) under this Notification; b) MIP is also exempted for all API grade steel conforming to X-52 and higher API grades !Or manufacturing pipes used for pipeline transportation systems in the petroleum and natural gas industries: and

Reg. procedure of online application for MVAT registration

February 5, 2016 1072 Views 0 comment Print

Trade Circular No. 4T of 2016 The above referred Trade Circular No 7Tof 2015 dated 19/05/2015 was issued describing the procedure of online application for registration. In the said Trade Circular, Annexure ‘A’, the list of documents required to be uploaded along with the registration application is also provided.

Steps taken to safeguard Income taxpayers from Phishing email

February 5, 2016 2145 Views 1 comment Print

The Income Tax Department has been at the forefront of using technology in implementing its – e-Governance initiatives. Most of its routine communication to taxpayers is through email and SMS. Therefore, the Department is very sensitive and alert to attempts made by fraudsters to spoof the Department’s identity to send phishing emails.

Exemption of Services –Notification No. 25 dated 20.06.2012 updated till date

February 5, 2016 29882 Views 0 comment Print

List of Exempted Services 1. Services Provided to the United Nations or a specified international organization. 2. With effect from 01.04.2015 (Substituted by Notification No. 06/2015-ST, Dated 01.03.2015) (i) Health care services by a clinical establishment, an authorized medical practitioner or para-medics;

Auditors’ Qualifications: Whether a death Knell for assessee?

February 5, 2016 1927 Views 0 comment Print

What is apparent is not always real. To reach out to the real story, one has to undertake the scavenging exercise. This daunting task undertaken by ITAT Amritsar in a recent case pronounced on 05-02-2016 to resolve the mayhem when survey documents along with auditors qualifications had apparently almost maimed the assessee.

Writ of quo warranto should be issued where clear infringement of law is established by writ petitioner

February 5, 2016 2808 Views 0 comment Print

Invoking the writ jurisdiction of this Court under Article 226 of the Constitution of India, petitioner herein Shri Virendra Pandey seeks issuance of a writ in the nature of quo warranto against respondent No. 2 Shri Narayan Singh questioning his appointment and for his consequent removal from the post of Chairman, Chhattisgarh State Electricity Regulatory Commission.

RBI proposes changes in time-frame for Issue of shares & FDI Reporting

February 5, 2016 2082 Views 0 comment Print

The Reserve Bank of India has proposed certain changes in respect of the time frame for issue of shares to align the provisions of Foreign Exchange Management Act, 1999 which requires an investee company receiving Foreign Direct Investments to issue shares within 180 days of receipt of foreign investment

Rebate/refund of SB Cess on exports & services used in SEZ; Cenvat credit cannot be used for SB Cess & others

February 5, 2016 16270 Views 1 comment Print

Central Government (CG) has issued various Notifications under the Service tax and the Central Excise for extending the benefit of refund/rebate to the Swachh Bharat Cess (SB Cess) component and the input services used beyond factory for export. Further, the Cenvat Credit Rules, 2004 (the Credit Rules) has been amended to allow Cenvat credit on commission agent’s services and to make explicit that Cenvat credit shall not be used for payment of SB Cess.

Union Budget 2016 will be presented on February 29

February 5, 2016 1482 Views 0 comment Print

The Budget Session of Parliament will commence on February 23 that will focus largely on the financial business of the government, which will present the general budget on February 29.  The budget session of parliament will commence on February 23.

Search Post by Date
July 2026
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031