"06 June 2016" Archive

Delhi VAT: Item-wise details in Forms Annexure-2A, 2B, DVAT-30, 31

Circular No. 9 of 2016-17-Delhi VAT 06/06/2016

Certain amendments in the Delhi Value Added Tax Rules, 2005 have been recently made vide notification No.F.3(30)/Fin(Rev-I)/dsvi/121 dated 12/04/2016 requiring furnishing of item-wise details of sales and purchases in DVAT Returns and in Forms DVAT-30 and DVAT-31....

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Analysis of Offences and Penalties under FSS Act, 2006

The Food Safety and Standard Act, 2006 (FSSA, 2006) is an Act which endeavor to keep with changing needs/ requirement of time and to consolidate the existing laws relating to food and to establish the pioneer body, Food Safety and Standard Authority of India in order to regulate the food industry in India....

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Notification No. 81/2016-Customs (N.T.) Dated 06.06.2016

Notification No. 81/2016-Customs (N.T.) 06/06/2016

Government of India Ministry of Finance Department of Revenue Notification No. 81/2016-Customs (N.T.) New Delhi, dated the 06rd June, 2016 S.O. (E). – In exercise of powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of Customs Act, 1962 (52 of 1962) and in supersession of order/notification as stated ...

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Extent of Tax payable by business entity on services provided by senior advocates

Notification No. 34/2016-Service Tax 06/06/2016

Seeks to amend notification No. 30/2012-Service Tax dated 20th June, 2012, so as to prescribe extent of payment of service tax by a business entity as a recipient of services provided by senior advocates....

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Business entity liable to service tax on services provided by senior advocates

Notification No. 33/2016-Service Tax 06/06/2016

In relation to service provided or agreed to be provided by a senior advocate by way of representational services before any court, tribunal or authority, directly or indirectly, to any business entity located in the taxable territory, including where contract for provision of such service has been entered through another advocate or a fi...

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CBEC notifies Tax Exemption on legal services provided by senior advocates

Notification No. 32/2016-Service Tax 06/06/2016

CBEC exempted services provided by a senior advocate by way of legal services to- (i) any person other than a business entity; or (ii) a business entity with a turnover up to rupees ten lakh in the preceding financial year ...

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No Service Tax Audit by Service Tax Department or CAG

Mega Cabs Pvt. Ltd. Vs. Union Of India & Ors. (Delhi High Court)

The Hon’ble High Court, after detailed analyses: Declared Rule 5A(2) of the Service Tax Rules, as amended, to the extent that it authorises the officers of the Service Tax Department, the audit party deputed by a Commissioner or the CAG to seek production of the documents mentioned therein on demand, as ultra vires the Finance Act and, ...

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Reg. Furnishing of AIR by State Electricity Agencies

F. No. 221/01/2016-CX.6 06/06/2016

As per Rule 3 of said Rules, a State Electricity Board or an electricity distribution or transmission licensee under the Electricity Act 2003, or any other entity entrusted with such functions by the Central Government or State Government, who is duly authorised by such State Electricity Board or an electricity distribution or transmis...

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100 Companies in whose schemes investors should not invest

PR No. 110/2016 06/06/2016

Certain Collective Investment Scheme(s) (CIS) have come to the notice of SEBI, which were offered by entities not registered with SEBI nor offer document of such schemes have been filed with SEBI. Appropriate actions have been taken against such entities and its Directors and since January 01, 2011, SEBI has passed orders against certain ...

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List of 235 Companies who violated Deemed public issue norms

PR No. 109/2016 06/06/2016

Under Companies Act, 2013, Private Placement shall be made only to such persons whose names are recorded by the company prior to the invitation to subscribe. Further, in case of private placements, the company shall not release any public advertisements or utilise any media, marketing or distribution channels or agents to inform the publi...

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