In addition to the Notifications and Circulars given in the Appendix to the RTPs for November, 2009, students may note that rate of service tax has been reduced from 12% to 10% with effect from 24.02.2009 vide Notification No. 8/2009-S.T. dated 24-2-2009. The said notification is relevant for the following mentioned papers in November, 2009 examinations: –
The Principal notification was published in the Gazette of India, Extraordinary, vide Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001 (S. O. 748 (E), dated, the 3rd August, 2001) and was last amended vide Notification No. 149/2009-Customs (N.T.), dated, the 30th September, 2009 (S. O. 2492 (E) dated 30th September, 2009).
The eligible applicants may file an application (after the applications are so invited for the said licensing year) in the form given in ‘Aayaat Niryaat Form’ together with all relevant documents, to the concerned Regional Authority of DGFT. The eligibility of the applicants with respect to para 2(I) above shall be decided based on verification/certificate from the concerned State Government. RA concerned would forward the applications of eligible applicants to DGFT, HQ for further consideration.
I am directed to invite your attention to the Board’s Circular No. 54/2005-Cus dated 30.12.2005 prescribing the Guidelines for compounding of offences for implementing the provisions of the Customs Act, 1962 and the Customs (Compounding of offences) Rules, 2005.
“This new service will enable public to locate their mails, especially speed post, by sending an SMS and they will receive the location of their mail,” T Murthy, post master general, Tamil Nadu circle, business development and marketing, told reporters in Chennai.
In exercise of the powers conferred by sub-rule (2) of rule 17A of the Maharashtra Value Added Tax Rules, 2005, the requisite notification cited at reference was issued. As a result of this notification every registered dealer who is entitled to claim refund as provided under section 51 of Maharashtra Value Added Tax Act, 2002 was required to file refund application in Form-501 electronically. The electronic filing of said application was made mandatory with effect from 1st October 2009.
Mumbai: Jayesh Sanghoi, the chartered accountant of Jaya Chedda—ex-wife of slain matka king Suresh Bhagat—has approached the Mulund metropolitan magistrate, seeking an investigation into his alleged extortion by Suresh’s brother Vinod.
In order to address the difficulties in supply of gold, silver and platinum to small jewellery exporters, DGFT has included 5 more new agencies/entities as “nominated agencies” for import of gold/silver/platinum (hereinafter referred as the “precious metal”). Now the nominated agencies are as under:
Indian American doctor convicted for $16 mn tax evasion Oct 9 (IANS) A federal jury has convicted an Indian American cardiologist for evading more than $16 million dollars in income taxes and filing false tax returns.
The Empowered Committee of State Finance Ministers has endorsed in principle the levy of GST on imports and mandated a Joint Working Group to prepare a report in four weeks on the structural changes necessary to be adopted for this purpose.
