What is the meaning of agriculture for Service Tax ? As per Section 65 B (3) of Chapter V of the Finance Act, 1994 ( inserted (w.e.f. 1.7.2012) by s.143 of the Finance Act.. 2012 ( 23 of 2012) ) :- “agriculture” means the cultivation of plants and rearing of all life-forms of animals, except the rearing… Read More »
If ships in question, therefore, were operated solely between Kandla and Visag, in the present case, such transport would be excluded from the definition of term ‘international traffic’. Here, the word ‘solely’ is all important. It is not even the case of the revenue that the journey being undertaken by such vessels in question were… Read More »
E-Sahyog Project; Aims at Reducing Compliance Cost, Especially for Small Taxpayers The Government has launched ‘e-Sahyog’ project on a pilot basis. It is aimed at reducing compliance cost, especially for small taxpayers. The objective of ‘e-Sahyog’ is to provide an online mechanism to resolve any mismatch or discrepancy in information as per Income-tax return of… Read More »
F.No No.312/109/2015-0T Government of India Ministry of Finance Central Board of Direct Taxes (CBDT) New Delhi, Dated: 2nd December, 2015 Sir/ Madam, Sub: Expeditious issue of refunds below Rs.50,000/- in Non-CASS cases for AYs 201.3-1.4 and 2014-15 I am directed to say that as on 01,11.2015, there were 2,07 lakh returns involving refund claims of… Read More »
Instruction F. No. 605/71/2015-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi, dated the December 2nd 2015 To Principal Chief Commissioners / Chief Commissioners (All) Principal Directors General / Directors General (All) Principal Commissioners/Commissioners (All) Madam/Sir, Subject: Timely cancellation of bond executed with Customs in advance… Read More »
Seeks to levy definitive anti-dumping duty on import of all kinds of plastic processing or injection moulding machines, also known as injection presses used for processing or moulding of plastic materials, having clamping force not less than 40 tonnes and not more than 1000 tonnes for a period of five years. [TO BE PUBLISHED IN… Read More »
Regarding suspension of benefits under North East Industrial and Investment Promoton Policy (NEIIPP), 2007 by DIPP and its bearing on Central Excise duty Exemption F.No.332/03/2014-TRU Dated 02-12-2015 Circular No 1012/19/2015-CX
RailTel Corporation of India Limited (RCIL), one of the Public Sector Undertakings of Railways, has entered into an agreement with M/s. Mahataa Information India Private Limited (MIIPL) a group company of M/s. Google Inc. for providing high speed Wi-Fi facility at Railway stations. Wi-Fi project shall be undertaken in two phases to cover 75 Class… Read More »
Sukanya Samriddhi Yojana The number of accounts opened upto 31.10.2015 under Sukanya Samriddhi Yojana across the country is 76, 19,668. The amount collected under these accounts is Rs. 2838.73 crore. The scheme was notified on 2.12.2014 and the maturity period of accounts opened under the scheme is 21 years. The scheme has completed one year.… Read More »
04.12.2015 The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 56 (fifty six) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Following the cancellation of registration certificate, these companies cannot… Read More »