Daily Archives: March 21, 2016

Govt approves 15 FDI proposals worth Rs 7261 Cr

Government Approves Fifteen (15) Proposals of Foreign Direct Investment (FDI) Amounting to Rs. 7261.6 crore Approximately; Recommends one Proposal for Approval of CCEA Involving FDI of Rs. 6885 crore Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 232nd meeting held on 7th March 2016, the Government has approved fifteen Foreign Direct… Read More »

Online PG courses Applications for all Medical Colleges

Health Ministry introduces Online PG Applications for all Medical Colleges Ministry of Health and Family Welfare has introduced a new procedure for submitting application/proposal for application to Medical Colleges. It is an add-on procedure which will run parallel with conventional procedure of manual submission of applications. As per the revised procedure an online application is… Read More »

Committee Report on Taxation of E-Commerce

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 »

Govt Committee on issues of excise duty on Jewellery

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 »

Sale of books to Indian entities will not attract service tax

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 »

No Service tax on Services provided to GoDaddy US by Godaddy India

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 »