"20 December 2016" Archive

Details of detection / recovery in Excise and Service Tax evasion cases

The total number of detection and recovery made in respect of Central Excise and Service Tax evasion cases during 2013-14 to 2016-17 (upto October, 2016) is given in the ANNEXURE....

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Posted Under: Excise Duty |

Exemption of Customs Duty On Life Saving Drugs

Department of Revenue had withdrawn custom duty exemption in case of 76 drugs where sufficient indigenous capacity was available and bulk of the requirement was being met from indigenous sources....

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Posted Under: Excise Duty |

No estimation of black money either before or after demonetisation

There is no official estimation of the amount of black money either before or after the Government’s decision of 8th November 2016 declaring that bank notes of denominations of the existing series of the value of five hundred rupees and one thousand rupees shall cease to be legal tender with effect from 9th November 2016....

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Posted Under: Excise Duty |

Guidelines related to working hour of Women Employees

Under the Model Shops and Establishments (Regulation of Employment and Conditions of Service) Bill, 2016, no woman shall be required or allowed to work in a shop or establishment except between the hours of 6 a.m. to 9 p.m....

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Posted Under: Excise Duty |

CBDT have well-established mechanism to deal with Audit Objections

The office of the Comptroller & Auditor General (C & AG) conducts compliance as well as performance audit relating to specific area of work of the Department. Such an audit on the ssue relating to “Allowance of deduction to the assessees engaged in Infrastructure Development” was conducted by the C & AG in the year 2015 and the report...

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Posted Under: Excise Duty |

PMGKY not provide immunity from FEMA, PMLA, Narcotics Act

Pradhan Mantri Garib Kalyan Yojana, 2016 provide no immunity from FEMA, PMLA, Narcotics and cover deposits made from November 10, 2016 ...

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Posted Under: Excise Duty |

Input Tax Credit Under Revised Model GST Law 2016

In present indirect taxation system, cascading of tax is significant due to non-availability of ITC at various stages. Following are certain instances of such cascading of taxes...

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National Company Law Tribunal (Amendment) Rules, 2016

G.S.R. 1159(E) 20/12/2016

These rules may be called the National Company Law Tribunal (Amendment) Rules, 2016. They shall come into force on date of their publication in Official Gazette....

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Here’s a Quick way to manage your Personal Finance Documents

We all come across situations wherein our personal finances go beyond control. Despite trying hard to maintain it every month, we fail. ...

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Posted Under: Excise Duty |

Job Work Under Revised GST Law

Earlier GST law provided that Commissioner may be special order and subject to conditions, permit a registered taxable person to send taxable goods without payment of tax to a job worker for job work....

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Posted Under: Excise Duty |

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