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Archive: March, 2016

Posts in March, 2016

Importance of Temples in India

March 21, 2016 17098 Views 0 comment Print

Daily worship of God in a temple is done by Hindus in India. It is not a ritual as many people think, but a way of life. It is meant for 1) physical exercise when a person walks around the shrines 2) meditation by focussing on the divine sculpture made out of wood or stone results in greater concentration and peace of mind

A Brief on Private Placement Under Companies Act ,2013

March 21, 2016 5674 Views 2 comments Print

Private Placement under Section 42 of Companies Act, 2013 with Rule 14 of Companies Prospectus and Allotment of Securities Rules, 2014. 1. A Company can make Private Placement through issue of Private Placement offer letter (Form PAS-4 as attachment in Form GNL-2).

The Uttarakhand Cess Act, 2015- A Realty

March 21, 2016 6907 Views 0 comment Print

The Uttarakhand Cess Act, 2015 was enacted by the The Uttarakhand legislative Assembly vide notification- 334/XXXVI(3)/2015/57(1)/2015 dt. Dehradun, November, 2015. with a clause that it shall come into force on such date as the state Government may, by notification, appoint and different dates may be appointed for different provisions of this Act.

DGFT permits export of 723 MT of raw cane sugar to US

March 21, 2016 715 Views 0 comment Print

Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Public Notice No.66/2015-2020 New Delhi, the Dated: 21 March, 2016 Subject:- Allocation of additional quantity for export of sugar to USA under Tariff Rate Quota (TRQ). In exercise of the powers conferred under Paragraphs 2.04 of the Foreign Trade Policy, 2015-2020, the […]

Holi & Maharashtra Budget: Cheerful Farmers & Stressful Taxpayers?

March 21, 2016 8251 Views 0 comment Print

Arjuna, there is a very beautiful relation between Black color and Tax Evasion. After the new government has come into force, Respected Finance Minister has given special focus on tax evasion. This means that the person engaged in tax evasion would be colored black.

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

March 20, 2016 22588 Views 1 comment Print

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

Domain name service along with other services is bundled service

March 20, 2016 3187 Views 0 comment Print

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.

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

March 20, 2016 8359 Views 1 comment Print

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;

Distributorship of goods cannot be regarded as service – AAR

March 20, 2016 2734 Views 0 comment Print

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.

Revised Definitions under Companies (Amendment) Bill, 2016

March 20, 2016 26515 Views 1 comment Print

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 stakeholders.

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