(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I SECTION-(I) GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE NEW DELHI PUBLIC NOTICE NO. 42/2015-2020, Dated: October 26, 2015 Subject: Services Exports from India Scheme (SEIS) – Schedule under Appendix 3D as annexure to the Public Notice… Read More »
ICAI Clarification on the use of CA Logo – (26-10-2015) Pursuant to the issue of Announcement dt. 29.08.2015 pertaining to “Clarifications on some commonly asked queries pertaining to elected representatives of ICAI and the general members of ICAI”, it has come to our knowledge that some members are expressing doubts on whether ICAI has prohibited… Read More »
Facts of the Case Assessee sold property situated at Dr.Shivaram Karanth Nagar under a sale deed dated 06.10.2008 and capital gain on sale of said property was invested by the assessee by purchasing a residential site at Nagarbhavi, II Stage on 13.10.2008.Assessee on 02.06.2010 obtained approval of the building plan from the local authority namely… Read More »
F No 1080/09/DIA/Misc./15 Directorate of Legal affairs Central Board of Excise and Customs New Delhi the 23rd October, 2015 Instruction No 1/2015 To All Chief Commissioner of Central Excise, Customs and Service Tax Director General (Revenue Intelligence) Director General (Central Excise Intelligence) Subject: Monitoring and disposal of cases pending for adjudication –regarding. It is seen… Read More »
Facts of the Case:- Commissioner initiated revision proceedings by observing that assessee had not made application to Jurisdictional Commissioner/Chief Commissioner for recognition of Pension Fund Trust and, therefore, said payment made was to be disallowed . Held: Pension Fund Scheme was jointly floated by State Transport Corporations and said fund was recognised by Commissioner, Chennai… Read More »
Press Information Bureau Government of India Ministry of Finance 26-October-2015 15:45 IST Mere transfer of title in immovable property is exempted from Service Tax In order to resolve a long standing issue relating to levy of Service Tax on sale of flats/dwellings etc. after issue of occupancy certificate but before issue of completion certificate in… Read More »
Facts of the case During the previous year relevant to the assessment year 2008-09, the assessee received lump sum payments from her ex-husband ‘P’, a national of Germany. She did not admit any tax liability on the said amount. Assessee’s View :- She stated that (i) there was an agreement between her and ‘P’ for custody,… Read More »
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) NEW DELHI (INCOME-TAX) NOTIFICATION NO 82/2015 New Delhi, Dated -19th October, 2015 S.O. (E) – In the notification of the Government of India in the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, number S.O.2914(E), dated the 13th… Read More »
As per para 3.12 of Report of The Joint Committee on Business Process For GST on GST it is not possible to revise GST return filed under proposed GST Regime and all adjustment can be made for difference in invoice amount and Input Tax Credit (ITC) by way of Debit/Credit Note in GST return of… Read More »
Circular No. 28/2015-Customs F.No.394/68/2013-Cus (AS) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Anti-Smuggling Unit) New Delhi, dated 23.10.2015 To All Chief Commissioners of Customs, All Chief Commissioners of Customs (Preventive), All Chief Commissioners of Customs , Central Excise and Service Tax, All Chief Commissioners of Central Excise… Read More »