Service Tax : The online information and database access or retrieval services were exempted under Reverse charge as per Place of provision rule...
Goods and Services Tax : Dayal R Kundani The Maharashtra Budget for F.Y. 2016-17 was pronounced on 19th March, 2016. In the Speech the Finance Minister has...
Goods and Services Tax : Dayal R Kundani Notification: No. 80-FIN-CT1-TAX-0020-2015 Dtd 1st Jan, 2016 Goods taxable at the rate of 13.5% shall now be taxab...
Service Tax : The Finance Bill, 2015, has received the assent of the Honorable President and has been notified. 1st June, 2015 is being notified...
Income Tax : It is clarified that the service tax component comprised in the amount payable to a resident is indicated separately, tax shall be...
Reduction in set-off available in case of branch transfers effected outside the State has been increased from 2% to 4% w.e.f. 1 April 2012. Now effecting stock transfers from the State of Maharashtra to depots outside the State would entail higher cost.
Transit Sales under the CST Act . These are generally known in the market as ‘LR sales’, ‘subsequent inter-State sales’ and ‘E-I sales’. These transactions fall under clause (b) of section 3 of the Central Act, which reads as follows: 3. When is a sale or purchase of goods said to take place in the course of inter-State trade or commerce :-
