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India – Demark amends DTAA to share information held by banks or financial institutions

May 22, 2015 535 Views 0 comment Print

Notification No. 45/2015 – Income Tax Dated- 22nd May, 2015 Central Government hereby directs that all the provisions of the said Protocol between the Government of the Republic of India and the Government of the Kingdom of Denmark as set out in the Annexure hereto, shall be given effect to in the Union of India with effect from the first day of February, 2015.

Notification No. 29/2015-Central Excise Dated- 22nd May, 2015

May 22, 2015 1475 Views 0 comment Print

Notification No. 29/2015-Central Excise- New Delhi, the 22nd May, 2015 Central Government on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 6/2005-Central Excise, dated the 1st March, 2005, published in the Gazette of India, Extraordinary, vide number G.S.R. 126(E), dated the 1st March, 2005, namely :-

Lending against security of single product – Gold Jewellery

May 21, 2015 1056 Views 0 comment Print

The Bank has prescribed that the valuation of gold jewellery for arriving at the Loan-To-Value (LTV) shall be done at the average of the closing price of 22 carat gold for the preceding 30 days as quoted by the Bombay Bullion Association Ltd. (BBA). On a review, it has been decided that NBFCs may also use the historical spot gold price data publicly disseminated by a commodity exchange regulated by the Forward Markets Commission.

DGFT Notification No. 07/2015-2020, Dated: May 20, 2015

May 20, 2015 3760 Views 0 comment Print

Import of High Speed Diesel (HSD) and Light diesel oil (LDO), brought on board in the old ships / vessels for purpose of breaking, and which are incidental to such ships / vessels, is free.

Service Tax Exemption on taxable services provided under Power System Development Fund Scheme of Ministry of Power

May 19, 2015 3112 Views 0 comment Print

NOTIFICATION No 17/2015-ST, Dated: May 19, 2015 Exempts taxable services provided under the Power System Development Fund Scheme of the Ministry of Power

Amendment in Mega Exemption Notification effective from 1-6-2015

May 19, 2015 9198 Views 1 comment Print

NOTIFICATION No 16/2015-ST, Dated: May 19, 2015 Amendment in the Mega Exemption Notification relating to (i) Job work (alcoholic liquors for human consumption) and (ii) Services by way of right to admission shall be effective from 1-6-2015

Revised rates of compounded levy of service tax effective from 1.6.2015

May 19, 2015 10650 Views 0 comment Print

NOTIFICATION No 15/2015-ST, Dated: May 19, 2015 Revised rates of compounded levy of service tax under Rule 7, 7A, 7B and 7C shall be effective from 1.6.2015 Central Government hereby appoints the 1st day of June, 2015 as the date on which the provisions of sub-clauses (a), (b) and (c) and item (A) of sub-clause (d) of clause (ii) of sub-paragraph (e) of paragraph 2 of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 05/2015 – Service Tax, dated 1st March, 2015, published in the gazette of India, Extraordinary, vide number G.S.R. 159(E), dated 1st March, 2015 shall come into force.

CBEC Notifies change in service tax rates wef 01.06.2015

May 19, 2015 81598 Views 29 comments Print

NOTIFICATION No 14/2015-ST, Dated: May 19, 2015 In exercise of the powers conferred by clauses (a), (c) and (f) of section 107, section 108, sub-sections  (2), (3) and (4) of section 109, section 153 and section 159 of the Finance Act, 2015 (No. 20 of 2015), the Central Government hereby appoints the 1st day of June, 2015 as the date on which the provisions of clauses (a), (c) and (f) of section 107, section 108, sub-sections (2), (3) and (4) of section 109, section 153 and section 159 of the said Act shall come into force.

Service Tax- Removal of definition related to Chits

May 19, 2015 3410 Views 1 comment Print

NOTIFICATION No 13/2015-ST, Dated: May 19, 2015- Amends Abatement Notification no. 26/2012 ST dated 20-6-2012 – Removes the entry related to Chits in the definition part

Shri Atul Hasmukhrai Mehta, President, Nominee of ICSI

May 18, 2015 1009 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Corporate Affairs, number S.O. 2425 (E), dated the 18th September 2014, published in Part II, Section 3, Sub-section (ii) of the Gazette of hidia, Extra-ordinary, dated the 18th September 2014 namely:-

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