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CBEC Released Minutes of Excise Tariff Conference held on 28 and 29 October 2015 III

December 12, 2015February 3, 2016 TaxIndiaUpdates In0 comments5901 views

Previous B.1 to B.18 and B.19 to B.36 B.37 – Bhopal Zone – Central Excise Rules & Procedures – Doubt regarding Computation of Penalty under Rule 8(3A) of Central Excise Rules, 2002, When Period of Delay Involves Part of a Month: Issue: Rule 8(3A) … Continue Reading →

Central Excise

CBEC Released Minutes of Excise Tariff Conference held on 28 and 29 October 2015 II

December 12, 2015February 3, 2016 TaxIndiaUpdates In0 comments9412 views

Previous B.1 to B.18 Next B.37 to B.53 B.19 – Chennai Zone – Cenvat Credit – Reversal of Credit on Common Input Services: Issue: In terms of Rule 6(3) of Cenvat Credit Rules, 2004 , a manufacturer of goods or the provider of … Continue Reading →

Central Excise

CBEC Released Minutes of Excise Tariff Conference held on 28 and 29 October 2015

December 12, 2015February 3, 2016 TaxIndiaUpdates In0 comments8207 views

. CBEC have released Minutes of Tariff Conference held on 28th and 29th October, 2015 vide instruction F.No.96/85/2015-CX.I dated 07-12-2015. In the Conference several decisions regarding technical issues of assessment and applicability of law were taken. The issues and clarification which CBEC Released Minutes of Excise Tariff Conference are … Continue Reading →

Income Tax

Revised monetory limit of Tax Effect for filing appeals by Department before ITAT HC SC

December 12, 2015December 12, 2015 TaxIndiaUpdates In0 comments8978 views

. To reduce the volume of litigation the CBDT vide its Circular No. 21/2015 F No 279/Misc. 142/2007-ITJ (Pt) dated 10-12-2015 has revised monetory limit of tax effect for filing appeals by Department before ITAT, High Courts and Supreme Court. Now appeals/ SLPs would not be filed by … Continue Reading →

Central Excise

Issues and Clarifications in CBEC Excise Tariff Conference held on 28 and 29 October 2015

December 11, 2015December 12, 2015 TaxIndiaUpdates In0 comments8543 views

. CBEC have released Minutes of Tariff Conference held on 28th and 29th October, 2015 vide instruction F.No.96/85/2015-CX.I dated 07-12-2015. In the Conference several decisions regarding technical issues of assessment and applicability of law were taken. Index of Issues and there clarification Point No. Issue Sponsoring Zone B1 … Continue Reading →

Income Tax

Fraudulent Income Tax Refund E-mail from Fake Income Tax Web Sites

December 7, 2015December 7, 2015 TaxIndiaUpdates In0 comments9826 views

. These days income tax assessee’s face various Fraudulent Income Tax Refund E-mail from Fake Income Tax Web Sites. These emails are appear to have been sent from Income Tax Department, but were actually online traps to dupe unsuspecting victims. The Correct Procedure of … Continue Reading →

Income Tax

CBDT Simplified Procedure in respect Form No.15G 15H

December 2, 2015December 4, 2015 TaxIndiaUpdates In0 comments6730 views

. Directorate of Income-tax (Systems), CBDT, New Delhi vide Notification No. 4 /2015 dt. 01-12-2015 specifies the procedure, formats and standards in respect to new form 15G and 15H as under: 1.The person responsible for paying any income of the nature referred to in sub … Continue Reading →

Service Tax

Authorised Banks for collection Central Excise Duty Service Tax through e-Banking

December 1, 2015December 1, 2015 TaxIndiaUpdates In0 comments8118 views

. Following are the Public/Private Sector Authorised Banks for collection Central Excise Service Tax through e-Banking. Now w.e.f. from 01-1o-2014 it is mandatory to make payment of Excise Duty and Service Tax by electronically. Electronic Accounting System in Excise and Service Tax (EASIEST) is a web … Continue Reading →

Service Tax

No Service Tax on Activities Incidental to Seed Testing

November 26, 2015 TaxIndiaUpdates In0 comments6170 views

. CBEC vide its Circular No.189/8/2015-Service Tax dated 26-11-2015 it is clarified that all testing and ancillary activities to testing such as seed certification, technical inspection, technical testing, analysis, tagging of seeds, rendered during testing of seeds, are covered within the meaning of testing as mentioned … Continue Reading →

Central Excise

No Excise Duty on materials parts use in Ships Boats etc in Chapter 89 of Excise Tariff

November 25, 2015December 2, 2015 TaxIndiaUpdates In0 comments6062 views

CBEC vide Notification No. 44/2015-Central Excise 24-11-2015 seeks to further amend notification No. 12/2012-CE dated 17.3.2012 so as to provide exemption from excise duty on all raw material and parts for use in manufacture of certain specified ships/vessels subject to actual user condition and also removing the … Continue Reading →