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Now its costlier affair if you pay the service tax delayed because more you make the delay higher the interest you need to pay. Now you need to pay interest up to 30% if your delay for service tax payment is more than one year. The details of interest rate are shown in the table … Read more
RBI has issued a notification which makes the banks mandatory to inform the customer immediately on the balance in the account breaching minimum balance and the applicable penal charges for not maintaining the balance by way of SMS/Email/letter. When the minimum balance is not maintained within one month from the date of notice of shortfall, … 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
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
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
Circular No.: 990/14/2014-CX-8 F. No. 267/72/2013-CX.8 (Pt) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ************* New Delhi, the 19th of November, 2014 To, Principal Chief Commissioners/Chief Commissioners of Central Excise (All) Principal Chief Commissioners/Chief Commissioners of Central Excise of Central Excise & Customs (All) Director General, Directorate … Read more
The Director General of Foreign Trade (DGFT) has issued the notification import of chemicals listed at Category 1A, 1B & 1C of Appendix 3 (SCOMET list) to Schedule 2 of ITC (HS). The notification makes it mandatory for the importers of chemicals listed at Category 1A, 1B & 1C of Appendix 3 (SCOMET list) to … Read more
Circular No. 180/06/2014 – ST F. No 354/105/2012-TRU (Pt.) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit Room No 153, North Block, New Delhi Dated 14th October, 2014 To Chief Commissioner of Customs and Central Excise (All) Chief Commissioner of Central Excise & Service Tax … Read more
The ministries of company affairs extend the CLSS-2014 up to 31/12/2014. The general Circular No.44/2014 is issued as on 14/11/2014. The text of the circular is as below. General Circular No. 44/2014 No.2/13/2014-CL-V Government of India, Ministry of company affairs, 5Th floor A wing, Shastri Bhawan, Dr. R.P. Road, New Delhi … Read more
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, New Delhi, the 17th November, 2014 No. 110 / 2014 – CUSTOMS (N.T.) Notes and conditions: (2) The General Rules for the Interpretation of the First Schedule to the said Customs Tariff Act, 1975 shall mutatis mutandis apply for … Read more