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Archive: 07 September 2016

Posts in 07 September 2016

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6459 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Delay in issuing of Sub Manifest Transshipment Permit (SMTP) -reg.

September 7, 2016 589 Views 0 comment Print

Recently, Niti Aayog while examining the inter-ministerial issues relating to Port Eco System Efficiency Parameters has recommended that Customs will issue SMTP for transfer of cargo destined to ICDs by rail without waiting for full discharge of the vessel.

Entry of factory stuffed export containers into port terminals prior to LEO-reg.

September 7, 2016 1114 Views 0 comment Print

Recently, Niti Aayog while examining the inter-ministerial issues relating to Port Eco-System efficiency parameters has recommended that all manufacturing firms should he allowed Direct Port entry (DPE) for which necessary orders will be issued by CBEC. ‘Terminals / Port should provide requisite facilities tor processing of export documents by Customs.

Liability of Directors for Events Taken Place Before Appointment- SAT Ruling

September 7, 2016 3784 Views 1 comment Print

In one of the recent rulings of the SAT, Mumbai, the interim order passed by SEBI in the matter of Neesa Technologies Limited(Company) has been quashed qua one of the directors i.e. Mr. Nimain Charan Biswal who had joined and resigned from the directorship of the Company before the issuance of Non-convertible Debentures (NCDs),the subject matter of the case.

Relaxation of additional fees for filing Form IEPF-1

September 7, 2016 1522 Views 0 comment Print

As a onetime measure, for companies with due date for filing of the form 1- INV falling between the period 25th March 2016 to 6th September, 2016, the companies may file the form IEPF- 1 without additional fees on or before 06.10.2016.

Impact of Wrong Classification of Goods or Services under GST Era

September 7, 2016 10276 Views 0 comment Print

At present, there are different levy of taxes for Goods and Services respectively by different Governments. The legislations dealing with VAT, Excise and Service Tax are independent of each other and a transaction is often subject to both VAT and Service Tax or Service Tax and Excise due to the lack of clarity in the Taxing Statutes.

Suggestions For Model GST Law

September 7, 2016 25789 Views 6 comments Print

The model GST law as released by the Government / Empowered Committee on GST is in public domain since mid June 2016. The proposed provisions only conveys the Government’s intention to levy GST in India and the manner in which it will be administered, levied , collected and implemented.

Updated List of Exempt Services under Service Tax

September 7, 2016 629432 Views 56 comments Print

In this Article we have prepared a List of Services which are exempt from Service Tax as on date from Service Tax after considering Principal Service Tax Notification 25/2012-Service Tax and subsequent Notifications issued by CBEC from time to time.

Model IGST Law – Issues to be considered

September 7, 2016 5158 Views 1 comment Print

On going through the Model IGST Law, it is noticed that many of the concessions/exemptions available hitherto under Central Sales Tax (CST) Act are not incorporated in the Model IGST Law. While the GST is expected to be provide seamless credit on all transactions, with minimum exemptions/concessions

How to Register under Luxury Tax Act in Maharashtra

September 7, 2016 2773 Views 0 comment Print

Luxury tax can mostly be seen in the usage bills of hotels, spas and specific resorts. It is chargeable on the room rented or the overall stay charges of the hotel, resort or spa, but not on the food and beverages served. Not even on any special facilities provided at the place. In short, just the accommodation is taxed thus. Luxury tax varies from state to state and is not normally under the control of the central government.

How to Register as dealer under MVAT in Maharashtra

September 7, 2016 4003 Views 1 comment Print

Under Maharashtra Value Added Tax Act, 2002, there are two modes of registration viz. a) when the dealer crosses the threshold limit and; (b) When the dealer makes an application under voluntary scheme of registration. The Dealer has to complete the following steps for Registration under Maharashtra Value Added Tax (MVAT)

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