"25 March 2016" Archive

Service Tax on Construction Services provided to IIT

Shapoorji Paloonji & Company (P) Ltd. Vs. Commissioner, Customs & Central Excise & Service Tax (Patna High Court)

Whether an authority established under an Act of Parliament/ State Legislature is a Governmental authority, for claiming exemption under the Mega Exemption Notification No. 25/2012-ST dated June 20, 2012, without having 90% or more equity/control in it by the Government?...

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Posted Under: Service Tax |

Entire Cenvat credit cannot be disallowed for part wrong availment

SIFY Technologies Limited Vs Commissioner of Service Tax, LTU Chennai (CESTAT Chennai)

It is held that merely because assessee has not reverse credit attributable to provision of exempted services would not disentitle it to claim credit which is otherwise available in respect of input services used in provision of taxable services....

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Companies amendment Bill 2016 & CA 2013-Part-3

This is the Final part of the Three-part series and deals with amendment proposed W.r.t: Related Party Transactions, Punishment under section 447, Loan to directors, Intercorporate Loans, Disclosure of Interest by Directors, Powers of the Board, Audit and Nomination & Remuneration Committee, Vacation of Office by Director, Resignation of ...

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Analysis of Deposits by Nidhi Companies

In this article we discuss how much a Nidhi Company can take deposits and from whom. These are the rules and limitations for taking deposits by Nidhi Companies :- 1. The ratio of Net Owned Funds of the Nidhi Company to deposits should not be more than 1:20. 2. Nidhi Company should not accept deposits from or lend to any person, other than...

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Posted Under: Service Tax |

Real Estate (Regulation and Development) Act, 2016

NO. 16 OF 2016 (25/03/2016)

An Act to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, or sale of real estate project, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an...

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