Daily Archives: September 9, 2016

Guidelines for engagement of Income Tax Dept. Special Public Prosecutors

By | September 9, 2016

F.No.  279/Misc./M-77/2011-ITJ Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes (A&J Division) Instruction No. 6/2016 New Delhi, the 7th September, 2016 Sub: Guidelines for engagement of Special Public Prosecutors (SPPs) to represent the Income Tax Department before Courts of Session and its subordinate Courts; revision of their schedule of fees… Read More »

Revised Guidelines for engagement of Income-tax dept. Counsels

By | September 9, 2016

F No 279/Misc./M-75/201 1-ITJ (Part-II) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Instruction No. 7/2016 New Delhi the 7th September, 2016 To All Principal Chief Commissioners of Income-tax Sub: Revision of the Guidelines for engagement of Standing Counsels to represent the Income-tax Department before High Courts and other… Read More »

Update the Traces Profile if intimations from CPC -TDS not received

By | September 9, 2016

Centralized Processing Cell (TDS) has communicated by an advisory that many times intimations sent to TDS deductors not get delivered / served as the address mentioned in the TDS statement filed by Deductor is either not correct or dedutor failed to provide complete postal address while filing his statements. In view of this deductors are advised… Read More »

Service Tax exemption on Renting of precincts of Religious Place- restricted

By | September 9, 2016

The Mega Exemption Notification 25/2012, entry no. 5(a) provides exemption to: Services by a person by way of renting of precincts of a religious place meant for general public. Recently, the Ministry of Finance (Department of Revenue) vide Notification 40/2016 ST dated 06-09-2016, has amended the said entry 5(a), with the following: “Services by a… Read More »

GST Rules may be Eased for Banks & NBFCs

By | September 9, 2016

The government may be looking at relaxing some rules in the goods and services tax (GST) framework that could make life little easier for banks NBFCs and insurance companies, people in the know said. In the revised model law set to be released in the first week of October, two main changes-single registration and centralised… Read More »

Category: GST

Taxes replaced by GST (Goods and Service Tax)

By | September 9, 2016

Which taxes at the Centre and State level are being subsumed into GST? Answer        At the Central level, the following taxes are being subsumed: Central Excise Duty, Additional Excise Duty, Service Tax, Additional Customs Duty commonly known as Countervailing Duty, and Special Additional Duty of Customs. At the State level, the following… Read More »

Category: GST

After President’s Assent, next steps ahead on GST

By | September 9, 2016

President Pranab Mukherjee on Thursday gave assent to the Constitution Amendment Bill  on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year. After the nod from the President and its Gazette notification, the process remains long in… Read More »

Category: GST

Difficulties in crediting PF amount in the accounts of PMJY Account

By | September 9, 2016

Employees’ Provident Fund Organisation Ministry of Labour & Employment, Govt. Of India Bhayishya Nidhi Bhawan, 14- Bhikaji Cama Place, New Delhi -110066 Web Circular No. Bkg.7(1)2004/NBA/Vol.VII/546  Date: 08 Sep, 2016 Subject : Difficulties in crediting PF account in the accounts of beneficiaries of where bank accounts have been opened in ‘Pradhan Mantri Jandhan Yojna’. Sir\Madam Various reference… Read More »

Download Constitution One Hundred & First Amendment Act 2016 – GST

By | September 9, 2016

101 amendment of Indian Constitution Download Constitution One Hundred & First Amendment Act 2016 101 amendment of Indian Constitution i.e The Constitution (One Hundred and First Amendment) Act, 2016 of Parliament received the assent of the President on the 8th September, 2016. It shall come into force on such date as the Central Government may,… Read More »

Delay in issuing of Sub Manifest Transshipment Permit

By | September 9, 2016

F.No.450/25/2009-Cus-IV Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs 227B, North Block Dated the 7th September, 2016 To The Principal Chief Commissioner/ Chief Commissioner Incharge of Mumbai I/ Mumbai II/ Kolkatta /Chennai/ Thiruchirapalli/ Ahmedabad / Visakhapatnam / Cochin-reg, Subject: Delay in issuing of Sub Manifest Transshipment Permit (SMTP)… Read More »

Entry of factory stuffed export containers into port terminals prior to LEO

By | September 9, 2016

F. No. 450/25/2009-CusIV Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs  ***** 227B, North Block Dated the 7th September, 2016 To, All Principal Chief Commissioners/ Chief Commissioners of Customs /Customs (Preventive) All Principal Chief Commissioners/Chief Commissioners of Customs & Central Excise Principal Director General/ Director General, DRI All… Read More »

Notification of President Assent to GST Constitution Amendment Bill

By | September 9, 2016

BUY MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 8th September, 2016/Bhadra 17, 1938 (Saka) The following Act of Parliament received the assent of the President on the 8th September, 2016, and is hereby published for general information:— THE CONSTITUTION (ONE HUNDRED AND FIRST AMENDMENT) ACT, 2016 [8th September, 2016.] An Act further… Read More »

CBDT launches e-nivaran to resolve Income Tax Complaints

By | September 9, 2016

CBDT launches ‘e-nivaran’ to resolve I-T grievances CBDT has launched the ambitious ’e-nivaran’ facility for online redressal of taxpayers’ grievances related to refunds, ITRs and PAN among others as part of its initiative to reduce instances of harassment of the public when it comes to complaints related to the I-T department. The same is available at… Read More »