Circular No. 108/02/2009 – ST Dated 29th January 2009 Construction of residential complex was brought under service tax w.e.f.01.06.2005. Doubts have arisen regarding the applicability of service tax in a case where developer / builder/promoter enters into an agreement, with the ultimate owner for selling a dwelling unit in a residential complex at any stage of construction (or even prior to that) and who makes construction linked payment.
This office had issued a Trade Circular dated the 20th February 2007. A view had been taken in that Trade Circular that Section 6A of the C.S.T.Act, 1956 deals only with transactions between agents and principals and does not deal with transactions which are on a principal to principal basis.
Embroiled in the Satyam scam, auditing firm Price Waterhouse’s assurance leader Thomas Mathew – a top executive in the organisation’s hierarchy stepped down from his position on Tuesday with immediate effect. The firm also suspended S Gopalakrishnan and Srinivas Talluri, the two arrested partners in the Hyderabad office of the company, from their positions until […]
1. Ramalinga Raju The biggest corporate scam in Indiahas come from one of the most respected businessmen. Satyam founder Byrraju Ramalinga Raju resigned as its chairman after admitting to cooking up the account books. His efforts to fill the “fictitious assets with real ones” through Maytas acquisition failed, after which he decided to confess the crime. […]
Satyam is close to finalising a new head to help the government-appointed board put the fraud-hit outsourcing firm back on track, a minister said on Wednesday. Corporate Affairs Minister P.C. Gupta said the new head of Satyam would would not be called a chief executive, but declined to name the identified candidate.
in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.140/2008-CUSTOMS (N.T.), dated the 29th December, 2008 vide number S.O. 2985(E), dated the 29th December, 2008
In exercise of the powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944), the Central Board of Excise and Customs hereby makes the following amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 5/2007-Central Excise (N.T)
G.S.R. (E). In exercise of the powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 24/2005-Central Excise (N.T.), dated the 13th May, 2005, namely.
In exercise of the powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 25/2005-Central Excise (N.T), dated the 13th May,2005 published in the Gazette of India, Extraordinary, part II, Section 3, Sub-section (i), vide number G.S.R.305(E), namely..
I am directed to invite your attention to the above mentioned subject and to say that, doubts have been raised, whether the amount of Bond and Bank Guarantee(BG) to be executed under Advance Authorization and Export Promotion Capital Goods schemes, include the interest amount also.
