"09 June 2016" Archive

Fresh CBEC panel to handle tax litigation in various HCs

Order No. F. No.278A/21/2015-Legal (09/06/2016)

In supersession of Board's letter F.No.278A/34/2014- Legal dated 20.01.2015, the President of India is pleased to appoint a fresh panel of Sr./Jr. Standing Counsels of CBEC to handle litigation of indirect Taxes before various High Courts and other fora, in terms of Instructions RN. 278A/43/2007-Legal dated 05.12.2007 as per following det...

Read More

Reg. FPS Benefits to Other Cast Articles of Iron & Steel

Trade Notice No. 08/2016 (09/06/2016)

it is clarified that all Other Cast Articles of Iron or Steel failing under the four digit ITC(HS) Code- 7325 whether malleable or non- malleable are eligible for FPS under the entry at serial no. 279 of Appendix 37 D as revised vide Public Notice no. 52 dated 25.02.2014....

Read More

Service Tax on Flats can not be Levied on Composite Contracts

In one of the recent judgments of Delhi High Court (Division Bench), the court while disposing the WP(C) No. 2235/2011 and WP(C)2971/2011 in the matter of Suresh Kumar Bansal and Anuj Goyal v. Union of India has held that Service Tax on flats can not be levied on composite contracts....

Read More

Application Form for Licence under Public/Private/Special Warehousing Licensing Regulations, 2016

Circular No. 26/2016-Customs (09/06/2016)

Upon the notification of Public Warehousing Licensing Regulations, 2016 / Private Warehouse Licensing Regulations, 2016 / Special Warehouse Licensing Regulations, 2016, a need has been felt to review the process of application for a warehouse licence and the form used for the same. ...

Read More

Deal with only registered investment advisers & analysts: SEBI

PR No. 112/2016 (09/06/2016)

The general public is hereby cautioned to deal with only SEBI registered investment advisers and research analysts for availing investment advisory services/ research services. The details of SEBI registered investment advisers and research analysts are available on the SEBI website www.sebi.gov.in. ...

Read More

Simplification of procedure for Form No. 15G & 15H

DG Systems Notification No 9/2016-Income Tax (09/06/2016)

The existing provisions of section 197A of the Income-tar Act, 1961 (The Act) inter alia provide that tax shall not be deducted, if the recipient of certain payment on which tax is deductible furnishes to the payer a self declaration in Form No. 15H/15H in accordance with provision of the said Section....

Read More

Krishna at Rescue of Tax Evaders in Income Declaration Scheme 2016

Arjun: Who can participate in Income Declaration Scheme 2016 (IDS) introduced under Finance Act, 2016 by the Indian Government? Krishna: Following is a list of people, - Every Indian Resident who is guilty of his practices of tax evasion and wants to confess the same....

Read More

FAQs on Services provided by Senior Advocates – Rollback

Notification no. 32/2016-ST, 33/2016-ST and 34/2016-ST dated 6th June, 2016 has amended the position of senior advocates under Service Tax. The impact of these amendments is summarized as below:...

Read More

Notification No. 83/2016-Customs (N.T.) dated 9th June, 2016

Notification No. 83/2016-Customs (N.T.) (09/06/2016)

Central Board of Excise and Customs, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 61/94-Customs (N.T), dated the 21th November, 1994, published in the Gazette of India, Extraordinary part II, Section 3, Sub-section (i), vide number S.O. 82...

Read More

Date of effect to proviso to Section 16(3) of MVAT Act

Notification No. VAT.1516/C.R. 83/Taxation-1 (09/06/2016)

In exercise of the powers conferred by clause (c) of sub­section (1) of the Maharashtra Tax Laws (Levy, Amendment and Validation) Act. 2016 (Mah. XV of 2016), the Government of Maharashtra hereby appoints the 10th June 2016 to be the date on which the provisions of Sub-section (1) of Section 10 of the said Act, shall come into force. ...

Read More