TaxIndiaUpdates.In : GST, Service Tax, Income Tax, VAT, Tax Planning

Excise Laws Amendment and Validation Ordinance 2005

October 25, 2015February 3, 2016 TaxIndiaUpdates In0 comments3100 views

The Central Excise Laws Amendment and Validation Ordinance 2005 Date 25/01/2005 Promulgated by the President in the Fifty-fifth Year of the Republic of India. An Ordinance further to amend the Central Excise Act, 1944, rules made thereunder, certain notifications relating to exemption from duties of … Continue Reading →

Service Tax

No More Service Tax on Yoga Tranining : Covered in Mega Exemption

October 24, 2015 TaxIndiaUpdates In0 comments9083 views

. CBEC vide its Notification No. 20/2015-Service Tax dated 21-10-2015 amended Notification No. 25/2012-Service Tax, dated the 20th June, 2012 to provide following new exemptions from levy of service tax: 1.No More Service Tax on Yoga Tranining : Now ‘Yoga’ get place in Mega Exemption Notification w.e.f. 23-10-2015. … Continue Reading →

Service Tax

Revised Monetary Limits to Arrest in Excise and Service Tax is Rs. 1 Crore

October 23, 2015October 23, 2015 TaxIndiaUpdates In0 comments5483 views

. Central Board of Excise & Customs vide its circular Circular No. 1010/17/2015-CX dated 23-10-2015 (F.No. 96/54/2014-CX.1) has clarified that Prosecution can now be launched where evasion of Central Excise duty or Service Tax or misuse of Cenvat Credit in relation to offences specified under sub-section (1) … Continue Reading →

Income Tax

Paperless Assessment Proceedings CBDT (Income Tax Department)

October 20, 2015October 21, 2015 TaxIndiaUpdates In0 comments6071 views

. With the moto to support ‘Digital India’ campaign of Indian Prime Minister Sh. Narendra Modi, Central Board of Direct Taxes ( CBDT ) vide its instruction no. F. No. 225/267/2015-ITA-II Dated 19-10-2015 initiate the concept of using email for corresponding with taxpayers and sending through … Continue Reading →

Service Tax

No Service Tax on Money Transfer Service for the period 01-07-2012 to 13-10-2014

October 16, 2015 TaxIndiaUpdates In0 comments3222 views

. It is directed by Central Government vide Notification No. 19/2015-Service Tax dated 14-10-2015 that the service tax on the service provided by an Indian Bank or other entity acting as an agent to the Money Transfer Service Operator (MTSO) in relation to remittance of … Continue Reading →

Budget 2017

Union Budget 2016-17 : MOF ask Suggestions from the Industry and Trade Associations

October 13, 2015February 29, 2016 TaxIndiaUpdates In0 comments5413 views

Highlights of Union Budget 2016-17 UNION BUDGET WEBCAST 2016 Union Budget 2016-17 (Finance Bill) Ministry of Finance ask Suggestions from the Industry and Trade Associations for Union Budget 2016-17 regarding changes in direct and indirect taxes. The last date of submission of suggestion to Ministry of … Continue Reading →

Central Excise

Retail Packs of Edible Coconut Oil in Sizes of 200 ml or less cannot be classified as Hair Oil

October 13, 2015October 13, 2015 TaxIndiaUpdates In0 comments4553 views

. CBEC vide its Circular NO 1007/14/2015-CX, Dated: October 12, 2015 has clarified that in terms of following decisions by Hon’ble Tribunals/Courts that just because the retail packs of Edible Coconut Oil are in sizes of 200 ml or less, the same cannot be classified … Continue Reading →

Service Tax

CBEC : Ancillary Services of GTA are also part of GTA

October 5, 2015October 5, 2015 TaxIndiaUpdates In0 comments6058 views

. The CBEC vide its Circular No.186/5/2015-ST dated 05-10-2015 release a welcome clarification regarding classification of ancillary services provided in the course of GTA Service, eligible abatement on such ancillary services and classification of activities of GTA to reach/deliver the goods at destination within a … Continue Reading →

Central Excise

Settlement Commission cannot admit cases related to Smuggling of Goods

October 5, 2015October 5, 2015 TaxIndiaUpdates In0 comments4334 views

. The Central Board of Excise & Customs on the basis of decision of Hon’ble Delhi High Court in case of Addl. Commissioner of Customs vs Shri Ram Niwas verma dated 25th August 2015 has directed to deparmental officers vide instruction no. F.No. 275/46/2015-CX.8A dated 01-10-2015 that Settlement … Continue Reading →

Service Tax

Service Tax Rates and Interest on Delay Deposition

October 3, 2015August 9, 2021 TaxIndiaUpdates In0 comments6305 views

Service Tax Rates and Interest on Delay Deposition Rate of Service Tax Sr. No. Period Rate of Service Tax Rate of Edu. Cess Rate of SHE Cess 1 From 01-06-2015 14% Nil Nil 2 From 01-04-2012 12% 2% of S.T. 1% of S.T. 3 From 24.02.2009 … Continue Reading →