Daily Archives: July 14, 2016

5th SIT report on curbing circulation of black money in India Submitted to Supreme Court

By | July 14, 2016

The Fifth SIT report has been submitted before the Hon’ble Supreme Court by the SIT. An extract of the report has been uploaded on Department of Revenue website www.dor.gov.in. which are as follow :- The SIT has made the following recommendations in the Fifth Report: 1 CHAPTER: I CASH HOLDINGS 1. Provision for curbing circulation… Read More »

SIT on Black Money : Ban cash transactions above Rs. 3 Lakh in India

By | July 14, 2016

Recommendations of SIT on Black Money as Contained in the Fifth SIT Report  The Fifth SIT report has been submitted before the Hon’ble Supreme Court by the SIT. An extract of the report has been uploaded on Department of Revenue website www.dor.gov.in. The SIT has made the following recommendations in the Fifth Report: Cash transactions… Read More »

4th FAQ on Income Declaration Scheme 2016 by CBDT

By | July 14, 2016

Circular No. 27 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated 14th day of July, 2016 Clarifications on the Income Declaration Scheme, 2016 The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) came into effect on 1st June, 2016. To… Read More »

Income Declaration Scheme – Govt revises Time Schedule for Payments

By | July 14, 2016

Income Declaration Scheme 2016 – Government Revises Time Schedule for Making Payments under the Scheme During the course of meetings and seminars held in different parts of the country, various stakeholders have expressed concern that the time period available under the Scheme up to 30th November, 2016 for making payment of tax, surcharge and penalty… Read More »

Book on GST- Complete Guide to Model GST Law- June 2016 Edition

By | July 14, 2016

All About GST -A Complete Guide to Model GST Law (June 2016 Edition) (English) BUY pecifications of All About GST -A Complete Guide to Model GST Law (June 2016 Edition) (English) (Paperback) BOOK DETAILS Publisher Taxmann Publication ISBN-10 9350719789 Edition New Publication Year 2016 Language English ISBN-13 9789350719787 Binding Paperback

Service Tax paid wrongly under reverse charge is refundable

By | July 14, 2016

CESTAT, HYDERABAD BENCH ‘SMB’ ICOMM Tele Ltd. v. Commissioner of Customs, Central Excise & Service Tax, Hyderabad III MS. SULEKHA BEEVI C.S, JUDICIAL MEMBER FINAL ORDER NO. A/30316/2016 APPEAL NO. ST/2075/2011 APRIL  29, 2016 P. Dwarakanath, Consultant for the Appellant. Raj Kumar Maji, AC (AR) for the Respondent. ORDER 1. The appellant is aggrieved by… Read More »