Registration of a business with the tax authorities implies obtaining a unique identification code from the concerned tax authorities so that all the information relating to the business can be agglomerated and correlated.
Who will be entitled to set off Input Tax credit? Will any set off be allowed for credit on Input tax against Output Tax under upcoming GST? What will be the manner of utilisation of unadjusted input tax credit? Any refund???? This article will help in clarifying your doubts about the basic set off procedures […]
In the case of Commissioner of Central Excise, Mysore Versus M/s. TVS Motors Company Ltd, It Was Held by Supreme Court That PDI charges and free ASS charges after the sale of vehicles should not be included in the assessable value for the purpose of calculation of excise duty.
Notification No. 01/2016-Customs (N.T.) These regulations may be called the Customs Brokers Licensing (Amendment) Regulations, 2016. In the said Regulations, in regulation 5, in clause (f), in sub-clause (ii), for the letters, CA/MBA/LLB, the letters CA/MBA/LLB/ACMA/FCMA shall be substituted.
No.4(4)/E.Coord/2015 In order to regulate foreign visits of Government of India officers and delegations and to make these visits more effective, the existing sets of guidelines/instructions on the subject have been comprehensively reviewed. The revised guidelines, as follows, are hereby circulated for strict compliance by all Ministries/Departments:-
Services of commission agent abroad is input services as the commission agent procured the orders for the appellant and thereafter the appellant manufactured the goods. Therefore, CENVAT credit of service tax paid on such services is available.
Credit score as an essential part of financial services has slowly caught up in India over the past few years. There are also more players in the market compared to as recently as a little over a decade ago. That said, in a shift from purely financial services, the usage of credit scores is now […]
The present government ushers 2016 with all round developments in the country – from more and more renewable sources of energy to better quality of homemade garments. On 30th December, 2015, the policy makers gave nod to two of the most important subsidies: Amended Technology Upgradation Fund Scheme – for the textile sector. Subsidy for […]
In suppression of the earlier Public Notice no. 13/2015-2020 dated 22.05.2015, the dates for implementation of Track and Trace system for export of drug formulations alongwith maintaining the Parent-Child relationship in packaging have been extended to 01.04.2016 for non SSI manufactured drugs and to 01.04.2017 for SSI manufactured drugs.
it was held that creation of cenvat documents and debiting duty without physical movement of goods and in turn took back the credit without receipt of any goods, is a clear violation of Central Excise Act and Rules and is liable to penalty.
