Amended provisions as per the Finance Bill, 2016 in respect of Annual Return under Service Tax (Applicable w. e. f. 01.04.2016) Rule 7, 7B and 7C of Service Tax Rules 1994 are being amended to provide for filing of annual return by assessee. The important points are as under: (i) This return shall be in addition… Read More »
Amended provisions as per the Finance Bill, 2016 in respect of “Interest and Penalties” are as under: Amendment under Section 73 of the Finance Act, 1994 Section 73 of the Finance Act, 1994 deals with recovery of Service tax not levied or paid or short levied or short paid or erroneously refunded. This section… Read More »
NOTICE INVITING COMMENTS ON THE DRAFT RULES W.R.T. REVIVAL AND REHABILITATION OF SICK COMPANIES RELATED PROVISIONS UNDER THE COMPANIES ACT, 2013
Finance Minister Shri Arun Jaitley’s Speech on Union Budget 2016 -17
Interesting facts of Budget
Source Reserve Bank of India In terms of GoI notification F.No.4(19)-W&M/2014 and RBI circular IDMD.CDD.No. 2020/14.04.050/2015-16 dated March 4, 2016, the third tranche of the Sovereign Gold Bond will be open for subscription from March 8 to 14, 2016. The issue price of the Sovereign Gold Bond for the third tranche has been fixed at… Read More »
Unified National Market for Agriculture Commodities The Government has approved a scheme for setting up of National Agriculture Market (NAM) through Agri-Tech Infrastructure Fund (ATIF) on 01.07.2015 with a budget of Rs.200 crore and to be implemented during 2015-16 to 2017-18. The scheme envisages implementation of the National Agriculture Market (NAM) by setting up of… Read More »
Sectorwise Beneficiaries of Railway Budget 2016-17 Sectorwise beneficiaries of the Railway Budget 2016-17 has been complied and given below: – Interest group/Subject Initiatives in Budget SAFETY 946 ROB/RUB sanctioned Launch Mission Zero accident Eliminate all unmanned BG crossings in next 3 years Equip the high density network (10,000Kms) with TCAS in next 3 years PROJECT/… Read More »
Environment Ministry releases new categorisation of industries ‘Re-Categorisation of Industries a landmark decision, new category of white industries will not require environmental clearance’: Javadekar The Government today released a new categorization of industries based on their pollution load. Releasing the new categorization here today, Minister of State (Independent Charge) of Environment, Forest and Climate Change,… Read More »
Heavy financial and legislative agenda for 3rd week of Budget session Aadhar Bill, Whistle Blower Protection Bill, Child Labour Bill and time permitting Real Estate Bill among 12 Bills proposed for next week Both the Houses debate contentious issue during the first two weeks; Lok Sabha passes one Bill and Rajya Sabha clears 3 Bills… Read More »