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Archive: March, 2016

Posts in March, 2016

Limitation for Issuing SCN Under Section 73 Enhanced

March 8, 2016 18574 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 95842 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 2397 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 2812 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 12232 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:-

15 Steps taken by Govt. for welfare of indirect tax payers

March 8, 2016 3619 Views 0 comment Print

1. Establishment of 24X7 customs clearance facility in 17 airports and 18 seaports. 2. Customs Single Window Clearance Project for faster customs clearance. 3. Implementation of e-BRC (BRC-Bank Realization Certificate) module

KGMA’s Guide to Significant Direct Tax Proposals of Budget 2016

March 8, 2016 12997 Views 0 comment Print

Google Tax: India has taken the first step to tax the digital economy. An equalisation levy–a deduction of 6% to be made by an Indian payer on payments to a nonresident entity for specified B2B services such as advertising—has been introduced in the Budget. The levy will impact the bottom lines of giants such as Google, Yahoo and others, which earn ad revenue from business entities in India.

Take flight of your dreams: Happy Women's day

March 8, 2016 4393 Views 1 comment Print

Our CA Profession is also not deprived of this gender discrimination. We have girls in huge numbers joining the course and also completing the course with flying colours but the number of girls or Female CA that join the main stream profession are very less in numbers.

Impact of service tax on Cab arrangements in a Hotel/ Restaurant

March 8, 2016 12184 Views 5 comments Print

Different options available to a Hotel for providing Cab services: Any Star Hotel and other establishment alike Hotel business may have an option to choose one of the following ways for providing cab services to their Guests.

15 Days Paternity Leave to Bank Employees

March 8, 2016 4264 Views 0 comment Print

Male employees with less than two surviving children shall be eligible for 15 days paternity leave during his wife’s confinement and may be availed upto 15 days before or upto 6 months from the date of delivery of the child.

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