"10 May 2018" Archive

Service Tax on Advisory services in respect of investments identified by overseas client

M/s. CDP Real Estate Advisory India Pvt. Ltd. Vs C.C.E. (CESTAT Delhi)

Appellant’s task was mainly confined to providing of advisory services in respect of investments identified by overseas client and advise it with respect of investment opportunities in the companies, who are engaged in developing the real estate projects....

Read More

New Changes in Income Tax Act about income tax return filing

Up to Assessment Year 2017-18, assessee could file his tax return without any penalty before the end of the assessment year and if assessee failed to file the return of income before the end of the assessment year, penalty under Section 271F could be imposed by the Assessing Officer provided there was no reasonable cause for such delay. ...

Read More
Posted Under: Service Tax |

People Don’t plan to Fail but They Fail to plan..

A foreman, who was given the charge of a gang of extremely lazy labourers, asked them to dig ten feet holes near a large steel mill. The lazy workers were further agitated when they were told to dig the holes here and there. As time went by, they kept digging, and finally they dug up nine holes....

Read More
Posted Under: Service Tax |

Details of enforced Sections of Companies (Amendment) Act, 2017

MCA vide notification dated January 26, 2018 notified Section 1 and 4 of the CA (Amendment) Act, 2017. MCA vide notification dated February 9, 2018 enforced 43 Sections of Companies (Amendment) Act, 2017 with effect from February 9, 2018 in Phase II. Further, MCA in Phase III vide notification dated May 7, 2018 notified 28 Sections....

Read More
Posted Under: Service Tax |

XBRL – ROC Annual Fillings

XBRL is a standardized communication language in electronic form to express, report or file a financial statements by a Companies. XBRL is only a method of presentation or reporting. It does not attempt to make any changes in the content to be reported. The idea behind XBRL is simple. ...

Read More
Posted Under: Service Tax |

Intermediary Services to Foreign Parties – Inter-State or Intra-State Supply ??

Large number of entities located outside India appoint intermediaries in India to enable supply of their products. Such intermediaries are remunerated by way of commission on the sales generated by them. Sec. 2(13) of the IGST Act, 2017 defines intermediaries as under:...

Read More
Posted Under: Service Tax |

Secretarial Audit under the Companies Act, 2013- Things to Know

This Article contains the introduction, clarification, applicability, appointment and its procedure, required e-forms and other important points under Companies Act, 2013. I hope this article would be given some help to our professional working....

Read More
Posted Under: Service Tax |

Cenvat Credit available on service directly related to manufacturing activity

M/s Godawari Power & Ispat Ltd. Vs. CCE (CESTAT Delhi)

Air Travel Service : - The said service has been used by the Directors/employees of the appellant for business promotion i.e. for sale and purchase of their goods. Therefore, the said service is directly related to their manufacturing activity. In that circumstances, in terms of Rule 2(l) of Cenvat Credit Rules, 2004 on Air Travel Service...

Read More

VAT Subsidy not includible in Assessable Value of goods manufactured by appellants

M/s Shree Cement Limited Vs. CCG&ST (CESTAT Delhi)

The crux of the dispute in the present case is whether such subsidy amounts are required to be included in the assessable value of the goods manufactured by the appellants, in terms of Section 4 of the Central Excise Act. ...

Read More

Works Contract Composition Scheme can’t be denied to Assessee merely for Failure to file any Intimation

Vaishno Associates Vs. C.C.E. & S.T.-Jaipur-I (CESTAT Delhi)

Vaishno Associates Vs. C.C.E. & S.T.-Jaipur (CESTAT Delhi) The activity carried out by the appellant is in the nature of Erection, Commissioning or Installation and for the disputed period i.e. 2008-09 to 2009-10, the activity will also be covered under the category of Works Contract Service (WCS) which was introduced in the statute w...

Read More