Kerala High Court held that levy of service tax on admission to amusement facilities do not result into any trenching of Union Parliament on power conferred on State as two aspects taxed by respective legislatures are ‘service’ and ‘amusement’ and no law is invalid in taxing its respective aspect even when same activity being getting taxed twice under two different laws.
(i) 19496 cases pending adjudication beyond one year, as on 1st January, 2016, in Customs, Central Excise & Service Tax, whereas adjudication should not be perang for more than 1 year. (ii) 58991 cases are pending in Call Book, in Customs, Central Excise & Service Tax.
The functionality for viewing such cases which are selected by AO under Manual Scrutiny on the basis of suggestions by CPC for A.Y. 2013-14 and for which order under section 143(3) of the Act has still not been passed, has been enabled in the ITD system and can be accessed by entering the following path in ITD System:
Section 194IA of the IT Act relates to TDS on Sale of property. Form 26QB is an online statement-cum-challan to be filled and submitted by the buyer of the property for making TDS payment on sale of property. It contains details of buyer, seller, property being sold, sale consideration, tax deposit details etc.
First of the idea of IND-AS emerges from the adoption of IFRS as issued by the International Accounting Standard Board First of all in 2002 European parliament has passed a regulation ideas requiring the adoption of IFRS by all EU listed companies.
