Daily Archives: November 11, 2015

80% refund to exporter within 5 working days

By | November 11, 2015

F. No.296/07/2015-CX.9 Govt. of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) New Delhi, the 10 th November, 2015 PRESS RELEASE Exporters of services today accumulate CENVAT credit on both input services and input goods as they are unable to set-off their input levies. Speedy grant of refund of accumulated… Read More »

Disbursal of pending refund claims of exporters of services under rule 5

By | November 11, 2015

Circular No. 187/6/2015-Service Tax F. No. 137/62/2015-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Service Tax Wing New Delhi, dated 10th November, 2015 To All Principal Chief Commissioners of Central Excise All Chief Commissioners of Central Excise/Service Tax Principal Directors General of Goods & Services Tax/Systems/… Read More »

Internship Scheme of DGFT apply before 15th Nov 2015

By | November 11, 2015

I. Aim / Objectives of the Scheme Directorate General of Foreign Trade (DGFT) formulates and implements Foreign Trade Policy (FTP). These functions entail close interaction with the related arms of the Government, economists, trade bodies, exporters as well as keep track of the changing scenario in International Trade. The need for an Internship Programme for… Read More »

Legal documents before buying property in India

By | November 11, 2015

It is always advisable to have a thorough meeting with the owner or the title holder of the property. Sometimes it happens that the original owners is already died and the property is being purchased or sold through middlemen. Following is the tentative list of Legal documents :- 1.  The property card or title certificate. 2.… Read More »

Rule 21(8) of Punjab Vat Act for reducing the Input tax credit effective from 01.4.2014:High Court

By | November 11, 2015

In the absence of any provision in the statute enabling the State of Punjab to notify rule 21(8) of the Rules with effect from January 21, 2014, the said provision would come into effect from April 1, 2014. However, since the notification by which rule 21(8) of the Rules was added to the Rules, was… Read More »

COMPANIES (SHARE CAPITAL AND DEBENTURES) THIRD AMENDMENT RULES, 2015

By | November 11, 2015

COMPANIES (SHARE CAPITAL AND DEBENTURES) THIRD AMENDMENT RULES, 2015 – AMENDMENT IN RULE 18 NOTIFICATION NO. GSR 841(E)[F.NO.1/4/2013 CL-V], DATED 6-11-2015 In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the… Read More »

SC suo motu PIL to consider Suffering by Muslim women due to “arbitrary” divorce rules

By | November 11, 2015

IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO.7217 OF 2013 PRAKASH & ORS. …APPELLANTS VERSUS PHULAVATI & ORS. …RESPONDENT The Supreme Court has ordered registration of a PIL and urged Chief Justice H L Dattu to set up a Special Bench to consider gender discrimination suffered by Muslim women owing to “arbitrary… Read More »

List Of Post Offices For Sale Of Sovereign Gold Bonds

By | November 11, 2015

MINISTRY OF FINANCE (Department of Economic Affairs) [BUDGET DIVISION] NOTIFICATION New Delhi, the 3rd November 2015 Sovereign Gold Bond Scheme, 2015 G.S.R. 834(E).—In continuation of Notification G.S.R. 827(E), dated the 30th October, 2015 the list of designated post offices for sovereign gold bonds is as under: “In terms of para 9 readwith para 2 (b)… Read More »

No TDS on Interest on FCCB issued to foreign investors and utilized for verseas business

By | November 11, 2015

Where assessee issued FCCB to foreign investors and remitted interest to them, since said money was utilized for overseas business of assessee, no income could be said to have accrued or arisen in India in hands of non-resident investors and, therefore, no TDS was deductible IN THE ITAT AHMEDABAD BENCH ‘A’ Assistant Director of Income-tax… Read More »

Courses which entail the students to seek employment or to undertake self-employment are Vocational Courses and hence not liable for service tax

By | November 11, 2015

The appellant herein is conducting fifteen courses in their educational institutes. Issue : Revenue entertained a belief that the courses conducted by the appellant would be liable for service tax under the category of “commercial training or coaching centres”. Assessee Claim :- Appellant contested the show-cause notice before the adjudicating authority on the ground that… Read More »