Seeks to levy provisional anti-dumping duty on Seamless tubes, pipes & hollow profiles of iron, alloy or non-alloy steel (other than cast iron and stainless steel), whether hot finished or cold drawn or cold rolled of an external diameter not exceeding 355.6 mm or 14 OD, originating in or exported from China PR, for a period not exceeding six months
On return from Deputation /Child Care Leave, the following officers are, hereby, posted as Commissioner of Income Tax (OSD) in the Principal CCIT Region as indicated hereunder, in terms of Para 4.7 (iii) of the Transfer Placement Guidelines,
in paragraph 2, for item (ix) the following item shall be substituted, namely:- (ix) All goods falling under S. No. 18 and 36 of the TABLE above.
The following goods for use in the manufacture of alkyl esters of long chain fatty acids obtained from vegetable oils, commonly known as bio-diesels, namely:- (i) RBD Palm Stearin (ii) Methanol (iii) Sodium Methoxide.
Question arises as to whether Royalty payable to the State Government on extraction of natural resource shall be considered as Service and accordingly service tax shall be applicable to a business entity on a reverse charge ? In this note we have analyzed the aspect of service tax payable on royalty with in-depth analysis as below :
The Value Added System of Taxation of Goods was introduced in order to address the issue of multiplicity of taxes and cascading effect of such taxes in the transaction chain. In the erstwhile single point taxation, goods which underwent any manufacture or processing where subject to sales tax on the new commodity emerging from such activity, resulting in additional tax burden over and above the value of the product itself.
Introduction of Insolvency and Bankruptcy Code 2016 (hereinafter referred to as IB Code 2016) is welcome step and need of hour being part of ease of doing business in India. It will boost lengthy winding up process and reduce the time and good exit option in case business could not get success.
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Department of Trade and Taxes has developed a mobile application DVATMsewa to provide various services to traders. One of the services to be provided through the new App is registration of dealers under the DVAT Act, 2004 and CST Act, 1956. The following procedure is hereby prescribed to deal with requests for registration of dealers received through DVATMsewa App without verification of business premises by VAT Inspector and to complete the registration process almost instantaneously:-
Service Tax on Services provided by the specified organisations in respect of a religious pilgrimage facilitated by the Ministry of External Affairs of the Government of India, under bilateral arrangement not required to be paid for the period commencing on and from the 1st day of July, 2012 and ending with the 19th day of August, 2014.
