Report of the Committee on Taxation to Examine the Business Models for E-Commerce A Committee on Taxation of e-commerce was constituted by the Central Board of Direct Taxes to examine the business models for e-commerce, identify the direct tax issues in relation to e-commerce transactions and suggest an approach to deal with these issues. The… Read More »
Government constitutes a Sub-Committee under the aegis of the High Level Committee (HLC) on issues related to excise duty on different articles of jewellery imposed in Budget 2016-17; Committee to submit its Report within sixty days In the Union Budget 2016-17, the Central Excise duty at the rate of 1% (without input tax credit) and… Read More »
whether there will be service tax liability when IDEAS Oman will be selling educational books and printed manuals for onward sale to organizations in India via Creative Problem Solving India, Mumbai. ? Held We do not see any element of ‘service’ in this. Shri Jain also invites our attention to clause 4 of the Memorandum of… Read More »
Question No.1: Whether, in the facts and circumstances as explained in Annexure I, the various support services proposed to be provided by the Applicant to GoDaddy US are a “bundle of Services” being naturally bundled in the ordinary course of business and accordingly is a single service, being ‘business support service’, in terms of Section… Read More »
Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/42 March 18, 2016 Subject: Circular on Mutual Funds
TAX AND SUPERANNUATION LAWS AMENDMENT (2015 MEASURES No. 6) BILL 2015
RBI/2015-16/338 FIDD.MSME & NFS.BC.No.21/06.02.31/2015-16 March 17, 2016 All Scheduled Commercial Banks (Excluding RRBs) Madam / Sir, Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs) In order to provide a simpler and faster mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion and development of MSMEs,… Read More »
(For the Quarter ending June 2016) Date : Mar 18, 2016 After reviewing the cash position of the Central Government, the Reserve Bank of India, in consultation with Government of India has decided to notify the amounts for the issuance of Treasury Bills for the quarter ending June 2016 as under: Issuance of Treasury Bills… Read More »
Government clarifies to the Jewellery Industry about the issues relating to imposition of Excise Duty on articles of Jewellery with simplified procedures. In the General Budget for 2016-17, a nominal excise duty of 1% [without input tax credit] and 12.5% [with input tax credit] has been imposed on articles of jewellery with simplified procedures. Salient… Read More »
Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016-17 notified; Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. are being continued and included in the rates notified today. From the year 2012-13, the interest rates… Read More »