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Archive: 08 March 2016

Posts in 08 March 2016

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6477 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Monetary appeal filing limit also applies to cross objections & references filed by dept

March 8, 2016 1477 Views 0 comment Print

The monetary limits for filing appeals before the Income Tax Appellate Tribunals and High Courts were raised to ₹ 10 lakhs and ₹ 20 lakhs respectively by Circular 21 of 2015 dated 10.12.2015. Queries have been received regarding the applicability of Circular 21 of 2015 to cross objections filed by the Department before the ITAT under section 253(4) of the Income-tax Act and to references to the High Court under sections 256(1) and 256(2) of the Act.

Regarding Scrutiny of Delhi VAT Returns

March 8, 2016 3955 Views 0 comment Print

As you are aware that a return furnished by a person required under section 26 of Delhi Value Added Tax Act, 2004 is treated as self-assessed as per provisions of section 31 of the said Act. This was a major departure from the erstwhile Delhi Sales Tax Act, 1975, repealed by the aforesaid Act. Under erstwhile Delhi Sales Tax Act, all cases used to be assessed mandatorily to find out from the returns filed or otherwise, whether tax has been paid properly or not.

Dispensing of Customs Baggage Declaration Form for domestic passengers

March 8, 2016 3226 Views 0 comment Print

Kind reference is invited to minutes of the meeting taken by Chairman, CBEC, on 19.12.2015 of Principal Commissioners/ Commissioners of major airports and other officers issued under F. No. 520/43/2015-Cus VI dated 23.12.2015. It was decided in the said meeting that the Customs Declaration form which is prescribed for the domestic passengers travelling along with international passengers in the international flight flying in its domestic leg would be dispensed herewith.

More Rationality for higher credit in Rule 6 of Cenvat Credit Rule 2004

March 8, 2016 6274 Views 4 comments Print

Rule -6(1) Rule is amended to provide that CENVAT Credit shall not be available on input used for manufacture of exempted goods and input used for empted services. Rule further direct that procedure for calculation of credit not allowed is stated in sub rule (2) and (3) for different situation.

Union Budget 2016-17 – Quick Bites On Economy

March 8, 2016 4009 Views 0 comment Print

The Economy Survey, tabled by Finance Minsiter in the Lok Sabha on 26.02.2016 describes India as a refuge of stability and an outpost of opportunity at a time of global turbulence and volatility. The targeted growth for 2016-17 is pegged at 7-7.5 per cent , put out in the Economic Survey, does not paint a very glowing picture of the economy.

Limitation for Issuing SCN Under Section 73 Enhanced

March 8, 2016 17770 Views 0 comment Print

It was proposed in the Central Excise Tariff Conference that the time limit for issuing show cause notice under normal period of limitation should be increased and it appears that the suggestion has been considered by the government in this Budget. In this budget, the government has amended section 73 of the Finance Act wherein the time limit for issuing show cause notice under normal period of limitation has been increased from the present ‘eighteen months’ to ‘thirty months’ from the relevant date.

Krishi Kalyan Cess on all taxable services wef 01.06.2016

March 8, 2016 95533 Views 3 comments Print

Unlike Swachh Bhara Cess imposed w.e.f. June 15, 2015, which is not Cenvatable neither in the hands of service providers nor manufacturers, in terms of TRU F.No. 334/8/2016-TRU dated February 29, 2016 [Para 3.1], it is provided that Cenvat credit of Krishi Kalyan Cesspaid on input services shall be allowed to be used for payment of the proposed Cess on the service provided by a service provider.

A person suspected of an offence cannot be forced to undergo Narco-analysis, BEAP and polygraph tests without his consent

March 8, 2016 2094 Views 0 comment Print

The scientific question that emanates for consideration in this writ petition is legal permissibility of Narco analysis, polygraph test (lie-detector test) and BEAP (Brain Electrical Activation Profile) test to be conducted against the will and without consent of a person suspected of an offence, subjected to either of the test(s).

Better dwelling place must for Women empowerment

March 8, 2016 2239 Views 0 comment Print

In Indian society treatment of women is towards extremes. On one hand she is worshipped as ‘Devi’, on the other hand cases of foeticide, dowry deaths, rape and domestic violence are still on increase. One section of society give them highest possible education to be PM, CM, IAS, doctors, Engineer, CA and scientist to go into the space, whereas another section won’t allow them to step out of the house due to unsafe environment around.

CBEC Revises Service Tax Return Form- ST-3

March 8, 2016 11974 Views 0 comment Print

These rules may be called the Service Tax (Second Amendment) Rules, 2016. (a) in the Table “B1 FOR SERVICE PROVIDER”, after serial number B1.21 and the entries relating thereto, the following serial numbers and entries shall be inserted, namely:-

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