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Service Tax on Courier Services

March 16, 2011 36367 Views 2 comments Print

Courier Services-Courier Agency means a any person engaged in the door-to-door transportation of time –sensitive documents, goods or articles utilising the services of a person, either directly or indirectly, to carry or accompany such documents, goods or articles.

Service Tax on Cost accountant’s (practising) services

March 16, 2011 1002 Views 0 comment Print

Cost accountant’s services means any service provided or to be provided [to any person], by a practicing cost accountant in his professional capacity, in any manner; “Practicing Cost Accountant” means a person who is member of the Institute of Cost and Works Accountants of India and is holding a certificate of practice granted under the provisions of the Cost and works Accountants Act, 1959 (23 of 1959) and includes any concern engaged in rendering services in the field of cost accountancy;

Cosmetic or Plastic Surgery Service-Tax Rate, Accounting code, Classification, Valuation, Exemption, and Clarification

March 16, 2011 2703 Views 0 comment Print

Cosmetic or Plastic Surgery Service means any service provided or to be provided to any person, by any other person, in relation to cosmetic surgery or plastic surgery, but does not include any surgery undertaken to restore or reconstruct anatomy or functions of body affected due to congenital defects, developmental abnormalities, degenerative diseases, injury or trauma.

Interactive Meeting on 18th March 2011 at 3 p.m on Deemed Export Issues

March 16, 2011 490 Views 0 comment Print

The Director General of Foreign Trade (DGFT) would be available for interaction between 3.00 PM and 5.00PM on Friday, 18th March 2011 at room number 4, Ground Floor, H Wing, Udyog Bhawan (Conference Room of DGFT). Entry is through Gate No.2 of Udyog Bhawan.

Corruption threatens India’s high growth momentum

March 16, 2011 792 Views 0 comment Print

Endemic corruption in India has grown in scale and represents billions of dollars, with the potential to discourage investors and derail growth prospects, consultancy firm KMPG said in a survey published on Monday.

Amendment in Tax on lotteries and Games under Punjab Tax on Lotteries Act, 2005

March 16, 2011 1248 Views 0 comment Print

GOVERNMENT OF PUNJAB DEPARTMENT OF EXCISE AND TAXATION (EXCISE AND TAXATION II BRANCH) NOTIFICATION The March 11, 2011 No.S.O.    In exercise of the powers conferred by section 4 of the Punjab Tax on Lotteries Act, 2005 (Punjab Act No. 18 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab […]

India notifies limited multilateral agreement in tax matters amongst SAARC nations

March 16, 2011 2193 Views 0 comment Print

India’s first multilateral agreement (MA) entered into with the South Asian Association for Regional Cooperation (SAARC) nations comprising Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka apart from India is a limited MA on avoidance of double taxation and mutual administrative assistance in tax matters with a view to promote economic cooperation amongst its member States. The MA was signed on 13 November 2005 and is in force from 19 May 2010. In India, the MA would be effective from 1 April 2011 and would apply in respect of income derived in tax year beginning from 1 April 2011 and subsequent years.

Payment of MCA filing fees through electronic mode made mandatory

March 16, 2011 1439 Views 0 comment Print

Modification in payment mechanism a) To improve the service delivery time, it is decided that: 1. Payments upto Rs. 50,000 will be mandatorily required to be made through electronic mode w.e.f. 27 March 2011. 2. Payments above Rs. 50,000 – a. Can be made through electronic mode / challan payment between the period 27th March 2011 to 1 October 2011. b. Will be mandatorily required to be made through electronic mode w.e.f. 1 October 2011.

FM will respond to concerns on healthcare service tax

March 16, 2011 834 Views 0 comment Print

Amid concerns by medical community on the proposed service tax on healthcare, Finance Minister Pranab Mukherjee today said in the Rajya Sabha that he would respond to the representations on tax issues next week.Following the reply of Mukherjee on general discussion on the Budget, the Rajya Sabha returned the Appropriations Bills, completing the first phase of the three-stage exercise for passage of the budget.

Govt. may bring constitution amendment bill on GST this session

March 16, 2011 1159 Views 0 comment Print

The Government today gave green signal to the Constitution Amendment Bill indicating a strong desire to push the Goods and Services Tax, despite lack of consensus among states for implementing the new regime on indirect taxes. It will try to introduce the Bill in the ongoing Budget Session itself which concludes on March 25.

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