Daily Archives: April 14, 2016

Prohibition of Insider Trading , SEBI Guidance Note

By | April 14, 2016

Securities and Exchange Board of India PRESS RELEASE PR No. 77/2016 Amendment of Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015 Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) was issued on August 24, 2015 under regulation 11 of the PIT Regulations providing guidance to the market to remove… Read More »

10 Services provided by Govt or local authority Exempt from Service Tax

By | April 14, 2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 22/2016-Service Tax New Delhi, the 13th April, 2016 G.S.R.….(E).-In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government being satisfied that it is necessary in the public interest so to do,… Read More »

Service Tax Value if service provided by Govt or a local authority to a business entity

By | April 14, 2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 23/2016-Service Tax New Delhi, the 13th April, 2016 G.S.R.____ (E).- In exercise of the powers conferred by clause (aa) of sub-section (2) of section 94 of the Finance Act,1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the… Read More »

Point of Taxation in case of services provided by the Government or local authority to any business entity

By | April 14, 2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 24/2016-Service Tax New Delhi, the  13th April, 2016 G.S.R.—(E).- In exercise of the powers conferred by clause (a) and clause (hhh) of subsection (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further… Read More »

Service Tax on services provided by Government or a local authority to business entities Clarified

By | April 14, 2016

Circular No. 192/02/2016-Service Tax F.No. 334/8/2016-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated- April 13, 2016 To Principal Chief Commissioners of Customs and Central Excise (All) Principal Chief Commissioners of Central Excise & Service Tax (All) Principal Director Generals of Goods and Service Tax/System/CEI Director General of Audit/Tax Payer… Read More »

Clarification on IIT Fee Changes

By | April 14, 2016

Clarification on IIT Fee Changes This is with reference to the decision of the IIT Council revising fee for the undergraduate programmes. Ministry of Human Resource Development has clarified that the revised fee would be applicable for students taking admission starting from academic year 2016-17 onwards. The students currently studying would continue to pay at… Read More »