Railways Update Amendment in Tatkal Scheme Timings for Booking Staggered for AC and non AC Classes At present, the booking under Tatkal scheme opens at 10.00 hrs on the previous day of journey from train originating station. It has been decided that w.e.f. 15.06.2015, timings for booking of Tatkal tickets will be staggered for AC & …
PROCEDURE OF REFUND OF SERVICE TAX PAID ON INPUT SERVICES FOR EXPORT OF SERVICES Conditions and Limitations:- Service has been exported in terms of Rule 6A* Duty on the inputs, rebate of which has been claimed, has been paid to the supplier Service tax and cess, rebate of which has been claimed, have been paid …
TACKLED OF NEW SERVICE TAX CHANGES APPLICABLE FROM 1st JUNE 2015 As the service tax rate 14% will be applicable from 1st June 2015 vide Notification No. 14/2015. How change in Service Tax rate should be tackled? Please keep in mind the following yourself and prepare accordingly Service Provision is complete till 05.2015 and Invoice raised till 31.05.2015 but Payment …
HIRING OF MOTOR VEHICLES – SERVICE TAX Renting of any motor vehicle – 40% taxable Abatement of 60%. This is subject to the condition that input, input services and capital goods , used for providing the taxable services has not been taken under the provision of CENVAT Credit Rules. In the case Services of Transport of passenger …
THE SUPREME COURT ORDER: MIXTURE OF TWO OR MORE PRODUCTS THAT DOES NOT CHANGE ESSENTIAL NATURE OF PRODUCT WILL NOT AMOUNT TO MANUFACTURE:- The Supreme Court in the case of M/s Satnam Overseas Ltd. Versus Commissioner of Central Excise, New Delhi, 2015 (318) E.L.T. 538 (S.C.) has held that a process of packing combination of mixture of …
MAURITIUS VS INDIA TRADE ROUTE MARRED? Introduction In a complete disregard to the decision of the Supreme Court of India (“SC”) in Union of India vs. azadi Bachao Andolan, (2003) 263 ITR 706, 263 ITR 706 (SC), which had permitted the Mauritian companies having tax residency certificates to benefit from the India-Mauritius tax treaty, Circular No. 789, …
CHANGES IN SERVICE TAX PROVISIONS, FINANCE BILL, 2015 Finance Bill, 2015 has got President Assent on 14th May, 2015 and has become Finance Act, 2015. As you know, Finance Bill 2015 has proposed lot of changes in Service tax provisions, applicable with effect from various dates. Now with the enactment of Finance Bill, 2015, following changes are applicable: …
BASIC FOR THE ISSUE OF BUSINESS VISAS AND EMPLOYMENT VISAS FOR FOREIGN NATIONALS The Department of Industrial Policy and Promotion of the Ministry of Commerce and Industry notified certain guidelines for the issue of Business Visas (“BVs”) and Employment Visas (“EVs”) to foreign nationals.As Per these guidelines all foreign nationals in India who were on …
TYPES OF LOANS AVAILABLE IN INDIAN MARKET PERSONAL LOAN: We offered our services in providing personal loans for any purpose. Our wide expertise in this area allows us to offer you the helping hand with immediate effect right from your request. Our personal loans are meant for business as well as for personal purpose. Our …
SERVICE TAX AMENDMENTS- BUDGET (NO.2) OF 2014 Amendments relating to service tax proposed in the Finance (No.2) Bill, 2014 as passed by the LokSabha on 25-7-2014, with relevant Notifications issued, are discussed as under. The date on which the amendments are effective are indicated against each clause. The Bill will be enacted when assented to …