As per section 65B(54) of the Finance Act, 2012, “works contract” means a contract wherein transfer of property in goods involved in the execution of such contract is leviable to tax as sale of goods and such contract is for the purpose of carrying out construction, erection, commissioning, installation, completion, fitting out, improvement, repair, renovation, … Read more
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No.111/2014 – Customs (N.T.) DATED THE 20th November, 2014 29 Kartika, 1936(SAKA) S.O. (E). – In exercise of the powers conferred by section 14 … Read more
TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] Notification No. 44/2014-Customs (ADD) G.S.R. (E). – Whereas, the designated authority, vide notification No. 15/3/2013- DGAD, dated the 9th April, 2013, published in the Gazette of India, Extraordinary, Part I, Section 1, had initiated a review in … Read more
TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] Notification No. 45/2014-Customs (ADD) G.S.R. (E). – Whereas, the designated authority, vide notification No. 15/10/2013- DGAD, dated the 18th July, 2013, published in the Gazette of India, Extraordinary, Part I, Section 1, had initiated a review in … Read more
TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] Notification No. 45/2014-Customs (ADD) G.S.R. (E). – Whereas, the designated authority, vide notification No. 15/10/2013- DGAD, dated the 18th July, 2013, published in the Gazette of India, Extraordinary, Part I, Section 1, had initiated a review in … Read more
TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] Notification No. 45/2014-Customs (ADD) G.S.R. (E). – Whereas, the designated authority, vide notification No. 15/10/2013- DGAD, dated the 18th July, 2013, published in the Gazette of India, Extraordinary, Part I, Section 1, had initiated a review in … Read more
The set-off available under any rule shall be reduced and shall accordingly be disallowed in part or full in the event of any of the contingencies specified below and to the extent specified. (1) If the claimant dealer has used any taxable goods as fuel, then an amount equal to three per cent (before 01/04/2007 it … Read more
Amendments in Various Acts administered by Maharashtra sales tax department due to budget proposal for the year 2014-15 To give effect to the Budget proposals for the year 2014-15, a Bill (Legislative Assembly Bill No. XIX of 2014) to amend the various Acts, administered by the Sales Tax Department has been passed by the Legislature and … Read more
In following cases set-off is non-admissible as per rule 54 of The Maharashtra Value Added Tax, Rule 2005. (b) “purchases of the High Speed Diesel Oil, Aviation Turbine Fuel(Duty paid),Aviation Turbine Fuel(Bonded),Aviation Gasoline(Duty paid),Aviation Gasonline (Bonded) and Petrol unless such motor spirits “are resold or sold in the course of inter-State trade or commerce or … Read more
Press Information Bureau Government of IndiaMinistry of Finance 17-November-2014 16:56 IST Economic Reforms Inclduing GST and Insurance Amendment Bill are on the Anvil: FM; Calls for Large Investment from Domestic and International Investors in Infrastructure Sector The Union Finance Minister Shri Arun Jaitley said that the Government has taken series of measures to tackle various challenges … Read more