It was held that the unjust enrichment can’t be proved by establishing the source of funds out of which the excise duty has been paid. Further it was held that in the case of State owned Undertakings which are funded, controlled and monitored by the State Government, the doctrine of unjust enrichment will not arise.
It was held that CENVAT credit on various items used in the fabrication of capital goods can be availed. In the present case, the assessee provided sufficient evidence to prove the usage of different items in the installation of capital goods.
As per the reports received by us Finance bill 2016 is passed by Lok Sabha today . Finance bill 2016 was having 128 clauses proposing amendment to Income Tax Act, 1961. Finance bill 2016 was presented in Lok Sabha by Finance Minister Arun Jaitley on 29th February 2016. Bill passed by Lok Sabha has 47 […]
Populated printed circuit board of,- (i) Lithium-ion battery other than battery for mobile handset [tariff item 8507 60 00]; (ii) Broadband Modem [tariff item 8517 62 30]; (iii) Router [tariff item 8517 69 30]; iv) Set-top box for gaining access to internet [tariff item 8517 69 60];
sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No 2/2011-Central Excise, dated the 1st March, 2011, published in the Gazette of India
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 20/2016-Central Excise New Delhi, the 5th May, 2016 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so […]
Income Tax Rules 29B is related to Application for certificate authorising receipt of interest and other sums without deduction of tax under sub-section (1) of section 195. In this rule one of the condition for issue of certificate was that person applying for the certificate has not been subjected to penalty under clause (iii) of sub-section (1) of section 271.
It’s been a while now since the amendment has come on Reverse Charge Liability on Rent a Cab Service. But, the Finance Departments of the Big Corporates are still facing hardship in calculating the correct amount of Reverse Charge Liability they need to deposit with the Service Tax Department, especially when they receive diversified invoices from Rent a Cab Service Providers.
Applications are invited from the eligible candidates for engagement as Legal Assistants, on contract basis, on consolidated professional fee of Rs.35,000/- per month. The applicants should have 2nd Class Degree in LL.B. or equivalent from any recognized University.
CBEC hereby determines that rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 06th May, 2016, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.
