"20 March 2016" Archive

No Service Tax on Web Hosting & Domain name registration/ transfer services provided by GoDaddy: AAR

M/s GoDaddy India Web Services Pvt. Ltd. (Authority for Advance Ruling) (Central Excise, Customs and Service Tax)

GoDaddy India Web Services Private Limited (hereinafter also referred to as applicant) proposes to enter into a ‘Services Agreement’ with GoDaddy.com, LLC (hereinafter also referred to as ‘GoDaddy US’) located in Arizona, USA and incorporated in Delaware, USA. GoDaddy US is a domain name registrar...

Read More

RBI FAQS on Infrastructure Finance Companies (IFCs)

Q.2. What is an IFC and what are the eligibility or entry point norms for registration of an IFC-NBFC with RBI? Ans : IFC is a non-deposit accepting loan company which complies with the following : A minimum of 75 per cent of the total assets of an IFC-NBFC should be deployed in infrastructure loans;...

Read More
Posted Under: Income Tax |

Domain name service along with other services is bundled service

M/s GoDaddy India Web Services Pvt. Ltd. (Authority for Advance Ruling) (Central Excise, Customs and Service Tax)

Marketing and promotion services: Applicant proposes to engage in promotion and marketing of GoDaddy US services in India. This would essentially include increasing the awareness of services provided by GoDaddy US and establishment of the brand GoDaddy in India....

Read More

Payment support Service to GoDaddy, US is export of service: AAR

M/s Universal Services India Pvt. Ltd. In re (Authority for Advance Ruling) (Central Excise, Customs and Service Tax)

It is observed that in this case, provider of service i.e. the applicant, is located in India, which is the taxable territory; recipient i.e. GoDaddy US is located in USA; the service to be provided by the applicant i.e. business support services is not specified under Section 66 D i.e. Negative List Services;...

Read More

Distributorship of goods cannot be regarded as service – AAR

In RE: M/s. Creative Problem Solving India (Authority for Advance Ruling) (Central Excise, Customs and Service Tax)

The question is very simple and clear as to whether the sale of the books to the Indian entities involves any ‘service’ and would attract the service tax liability. The answer is clearly in negative. It is therefore, hold that this service does not entail and invite any liability for service tax....

Read More

Revised Definitions under Companies (Amendment) Bill, 2016

Comparative analysis of Definitions under Companies Act, 2013 and The Companies (Amendment) Bill, 2016. Corporate Affairs Minister Mr. Arun Jaitley on 17th March, 2016 introduced in the Lok Sabha The Companies (Amendment) Bill, 2016 to amend the Companies Act (i.e. the principal Act) in order to remove the difficulties faced by stakeholde...

Read More
Posted Under: Income Tax | ,

Credit Score Myths Unveiled

A credit score lets lenders know whether or not you are a responsible borrower. While most people think they know everything they need to know about credit scores, majority have been blinded by the rampant misconceptions surrounding the calculation of the scores. There are a number of things that your credit bureau and creditors may [&hel...

Read More
Posted Under: Income Tax | ,

Form No. 15G and 15H: Procedure to e-file by deductor

CBDT has prescribed form No. 15G & 15H for Declaration under section 197A (1)(1A) of the Income-tax Act, 1961, for an individual or a person (not being a company or a firm) claiming certain receipts without deduction of TDS. Further CBDT has mandated filing of Form No. 15G and 15H with Income Tax Department by […]...

Read More
Posted Under: Income Tax | ,

Revised MVAT & CST Returns & C form application from April 2016

Maharashtra Sales Tax Department is making substantial changes in its automation processes relating to taxpayer interface, w.e.f F.Y 2016-17. This is expected to result into significantly more efficiency in the working of the Department, less errors due to minimum human intervention and maximum benefits in relation to time management....

Read More
Posted Under: Income Tax | ,

Featured Posts