"September, 2016" Archive - Page 2

Service Tax Return FY 2016-2017- Key Changes & Amendments

In this article, below key changes / amendment under Service Tax Laws relevant for filing of Service Tax Returns (ST-3) for FY 2016-2017 are discussed:- 1. Krishi Kalyan Cess 2. Government Services under Reverse Charge Mechanism 3. CENVAT Credit Rules 4. Interest on late Payment of Service Tax 5. Form ST-3 Amendments...

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Posted Under: Service Tax |

How the changes are occurring in Indian pension environment!

The pension environment in India has been the major growth booster through which several companies have been cashing on to. There are best pension plans in India which you can find for yourself to have better and promising returns. When it comes to the retirement plans there are indeed several options that you can pick from....

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Posted Under: Service Tax |

A Complete Guide to Credit Score & How to improve it?

A credit score is a rating assigned to an individual on the basis of their credit report. The credit report is a summary of the debt held by an individual, the amount of credit that he or she may have availed in the form of loans or credit cards, the repayment history of the individual, the defaults on any payments, the number of credit a...

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Posted Under: Service Tax |

Govt. constitutes expert Group to look issues related to Audit firms

F. No. 17/112/2016-CL-V (30/09/2016)

Several audit firms have represented about adverse impacts on Indian audit firms due to the structuring of certain audit firms leading to circumvention of various regulations, manner in which auditor rotation requirements is being implemented by companies, and imposition of restrictive conditions by foreign investors with regard to audito...

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Entry tax imposed on Gold in Uttarakhand – Reallity

In order to discuss Whether entry tax imposed on gold vide Notification No. 24/2016/22(120)/XXVII(8)/2008 on dated 21.03.2016 Gold in any from brought into the State from outside the States, excluding the Gold brought for sale, in the same form or after refining or after manufacturing of jewellery from it at the rate of 0.2 percent of the...

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Posted Under: Service Tax |

Investment by Foreign Portfolio Investors in Government Securities

RBI/2016-17/72 A.P. (DIR Series) Circular No. 4 (30/09/2016)

As announced in the MTF, the limits for investment by FPIs in Central Government Securities for the next half year are proposed to be increased in two tranches, each of Rs. 100 billion from October 3, 2016 and January 2, 2017 respectively....

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Implementation of Hazardous & Other Wastes Management & Trans-boundary movement)) Rules, 2016

F.No. 401/26/2014-Cus.-III(Pt.) (30/09/2016)

MoEF&CC has decided that licenses of import of plastic and PET scrap issued under previous Hazardous Waste (Management, Handling and Transboundary Movement) Rules, 2008 will be treated as legal documents. However, the import will be limited to the following four categories as on date of issue of their office memorandum:...

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Revised Guidelines for arrest for Failure in Service Tax Payment

Circular No 201/11/2016-Service Tax (30/09/2016)

Power of arrest in Service Tax is available only if a person collects any amount as service tax but fails to pay the amount so collected to the credit of the Central Government beyond the period of six months from the date on which such payment becomes due and the amount exceeds rupees two crore....

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Service Tax Exemption on transportation to educational institutions

Notification No. 45/2016-Service Tax (30/09/2016)

Service Tax Exemption on Service of transportation, by educational institutions to students, faculty and staff for the period commencing on and from the first day of April, 2013 and ending with the tenth day of July, 2014. ...

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Notification No. 123/2016-Customs(N.T.) dated 30.09.2016

Notification No. 123/2016-Customs(N.T.) (30/09/2016)

Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 123/2016-Customs(N.T.) New Delhi, 30th September, 2016 S.O. 3102(E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs...

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