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Amendment in Mega Exemption Notification effective from 1-6-2015

May 19, 2015 8364 Views 1 comment Print

NOTIFICATION No 16/2015-ST, Dated: May 19, 2015 Amendment in the Mega Exemption Notification relating to (i) Job work (alcoholic liquors for human consumption) and (ii) Services by way of right to admission shall be effective from 1-6-2015

Revised rates of compounded levy of service tax effective from 1.6.2015

May 19, 2015 10293 Views 0 comment Print

NOTIFICATION No 15/2015-ST, Dated: May 19, 2015 Revised rates of compounded levy of service tax under Rule 7, 7A, 7B and 7C shall be effective from 1.6.2015 Central Government hereby appoints the 1st day of June, 2015 as the date on which the provisions of sub-clauses (a), (b) and (c) and item (A) of sub-clause (d) of clause (ii) of sub-paragraph (e) of paragraph 2 of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 05/2015 – Service Tax, dated 1st March, 2015, published in the gazette of India, Extraordinary, vide number G.S.R. 159(E), dated 1st March, 2015 shall come into force.

CBEC Notifies change in service tax rates wef 01.06.2015

May 19, 2015 79255 Views 29 comments Print

NOTIFICATION No 14/2015-ST, Dated: May 19, 2015 In exercise of the powers conferred by clauses (a), (c) and (f) of section 107, section 108, sub-sections  (2), (3) and (4) of section 109, section 153 and section 159 of the Finance Act, 2015 (No. 20 of 2015), the Central Government hereby appoints the 1st day of June, 2015 as the date on which the provisions of clauses (a), (c) and (f) of section 107, section 108, sub-sections (2), (3) and (4) of section 109, section 153 and section 159 of the said Act shall come into force.

Service Tax- Removal of definition related to Chits

May 19, 2015 2906 Views 1 comment Print

NOTIFICATION No 13/2015-ST, Dated: May 19, 2015- Amends Abatement Notification no. 26/2012 ST dated 20-6-2012 – Removes the entry related to Chits in the definition part

FAR Analysis in TP Study

May 18, 2015 23284 Views 0 comment Print

The price charged usually reflects the function that each enterprise performs (taking into account assets used and risk assumed). Comparability analysis of the controlled transaction for the enterprises participating in the controlled transactions provides a basis for characterisation of the controlled transaction to be benchmarked or the characterisation of the tested party Therefore, comparison of the functions

SEBI (Prohibition of Insider Trading) Regulations, 2015 & Companies Act, 2013

May 18, 2015 50608 Views 3 comments Print

SEBI (Prohibition of Insider Trading) Regulations, 2015 & Companies Act, 2013 – Discussion on provision dealt under Regulations and Act 1. Introduction SEBI (Prohibition of Insider Trading) Regulations, 2015 has come into force with effect from 15th May, 2015 after having been gazetted on 15th January,2015. It replaces the Regualtions of 1992 which was amended […]

Consolidated FDI Policy of 2015 – Key changes & Comparative

May 18, 2015 11258 Views 0 comment Print

The Ministry of Commerce & Industry released the consolidated Foreign Direct Investment policy of 2015 effective from May 12, 2015. We list below the key changes. Further, a detailed comparative of changes incorporated in FDI Policy 2015 juxtaposed with the consolidated FDI policy of 2014 is specified in Annexure A.

Revised procedure for issue of Pre-Shipment Inspection Certificates

May 18, 2015 3788 Views 0 comment Print

(i) Revised procedure to be followed by Pre-shipment Inspection Agencies (PSIAs) for issue of Pre-Shipment Inspection Certificates (PSICs), with effect from 01.07.2015, has been notified.

Brief decisions of the ICAI Council

May 18, 2015 1256 Views 0 comment Print

Office was directed to place an item of agenda before next Council meeting in regard to grievance of students unable to complete advance ITT due to non-availability of seats/ infrastructural facilities at branches.

Anti-dumping duty on imports of morpholine

May 18, 2015 2808 Views 0 comment Print

NOTIFICATION NO. 18/2015-Customs, (ADD), Dated: May 18, 2015 Supersedes notification No. 10/2012- Customs (ADD), dated the 24th January, 2012 so as to withdraw levy of anti-dumping duty on imports of morpholine, originating in or exported from USA and to continue levy of anti-dumping duty on imports of morpholine, originating in or exported from the People’s Republic of China and European Union up to the 19th September, 2016

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