MoEF&CC has decided that licenses of import of plastic and PET scrap issued under previous Hazardous Waste (Management, Handling and Transboundary Movement) Rules, 2008 will be treated as legal documents. However, the import will be limited to the following four categories as on date of issue of their office memorandum:
Power of arrest in Service Tax is available only if a person collects any amount as service tax but fails to pay the amount so collected to the credit of the Central Government beyond the period of six months from the date on which such payment becomes due and the amount exceeds rupees two crore.
Service Tax Exemption on Service of transportation, by educational institutions to students, faculty and staff for the period commencing on and from the first day of April, 2013 and ending with the tenth day of July, 2014.
Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 123/2016-Customs(N.T.) New Delhi, 30th September, 2016 S.O. 3102(E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that […]
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 53/2016-Customs New Delhi, the 29th September, 2016 G.S.R. 931 (E).– In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so […]
In this regard, I am directed to inform that the President, Central Staff Welfare Committee/Central P. F. Commissioner has decided on 21.09.2016 that the Death Relief fund will be given in all cases of death while in service at the rate applicable to cases of unnatural death.
In the Income-tax Rules, 1962, in Appendix II , in Form No. 3CD, in Part-B, in clause 13, for sub-clause (d), the following shall be substituted ,namely, —(d) Whether any adjustment is required to be made to the profits or loss for complying with the provisions of income computation and disclosure standards notified under section 145(2)
CBDT has vide notification No. 87/2016 notifies following income computation and disclosure standards applicable from A.Y. 2017-18- 1. Accounting policies 2. Valuation of inventories 3. construction contracts 4. Revenue Recognition 5. Tangible fixed assets 6. Effects of changes in foreign exchange rates 7. government grants 8. securities Preamble 9. Borrowing costs and 10.Provisions, contingent liabilities […]
Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance, Department of Revenue, published in the Gazette of India, Part-II, Section 3, Sub-section (ii), vide notification number S.O. 892(E) dated the 31st March, 2015, except as respects things done or omitted to be done before such rescission.
It is seen that till 28-09-2016, notices u/s. 143(2) for scrutiny have not been issued in 625 cases. These 625 cases include 62 cases which are lying with inactive codes. In view of the above, you are requested to make arrangements for issue of notice u/s 143(2) well before the time barring date i.e. 30.09 2016.
