Daily Archives: November 12, 2016

Demonetization is not Unconstitutional : Supreme Court Judgement

Supreme Court on Demonetization Supreme Court on Demonetization :- Case Law Jayantilal Ratanchand Shah vs Reserve Bank Of India & OrsJT 1996 (7), 681 1996 SCALE (5)741. The High Denomination Bank Notes (Demonetization) Act, 1978 (hereinafter referred to as the ‘Demonetization Act) replaced the Ordinance and constitutionality of the same was challenged in Jayantilal Ratanchand Shah vs… Read More »

Delay in uploading return due to Technical snag on website valid excuse : HC

HIGH COURT OF MADRAS Central Board of Direct Taxes v. Regen Infrastructure & Services (P.) Ltd. NOOTY. RAMAMOHANA RAO AND DR. ANITA SUMANTH, JJ. WRIT APPEAL NO. 1314 AND C.M.P. NO. 17100 OF 2016 NOVEMBER  1, 2016 T. Ravikumar for the Appellant. JUDGMENT Nooty. Ramamohana Rao, J. – This Letters Patent Appeal is directed against… Read More »

CA name to be removed from membership for carrying business while practicing : Delhi High Court

HIGH COURT OF DELHI Council of Institute of Chartered Accountants of India v. B.K. Dhingra PRADEEP NANDRAJOG AND MS. PRATIBHA RANI, JJ. CHAT.A.REF. NO. 1 OF 2013 SEPTEMBER  22, 2016 Rakesh Agarwal and Pulkit Agarwal Advs. for the Relator. ORDER   Pradeep Nandrajog, J. – This is a reference under Section 21(5) of the Chartered… Read More »

What is definition of OIDAR services ? FAQ’s and Taxability in India

OIDAR services What is the definition of OIDAR services? Online information and database access or retrieval i.e OIDAR services  have been defined in Service Tax Rules, 1994, rule 2(1)(ccd) to mean services whose delivery is mediated by information technology over the internet or an electronic network and the nature of which renders their supply essentially… Read More »

Withdrawal of Service tax exemption on cross border B2C OIDAR services

Withdrawal of exemption from service tax on cross border B2C OIDAR services provided online/electronically from a non-taxable territory to consumers in taxable territory in India Circular No. 202/12/2016-Service Tax F.No. 354/149/2016-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated the 9th November, 2016 To, Principal Chief Commissioners of Customs and… Read More »

Notification No 49/2016-Service Tax dt. 09-11-2016 Compliance for online information and database access or retrieval services

Notification No 49/2016-Service Tax dt. 09-11-2016 Seeks to amend notification No. 30/2012- ST, dated the 20th June, 2016 so as to put compliance liability of service tax payment and procedure on to the service provider located in the non-taxable territory with respect to online information and database access or retrieval services provided in the taxable… Read More »

Notification No 47/2016-Service Tax dt. 09-11-2016 withdraw exemption from service tax for services provided by a person in non-taxable territory to Government, a local authority, a governmental authority or an individual

Notification No 47/2016-Service Tax dt. 09-11-2016 Seeks to amend notification No. 25/2012-ST dated 20th June , 2016 so as to withdraw exemption from service tax for services provided by a person in non-taxable territory to Government, a local authority, a governmental authority or an individual in relation to any purpose other than commerce, industry or… Read More »

ST registration for online info and retrieval services provided to Govt. from abroad

SERVICE TAX (FOURTH AMENDMENT) RULES, 2016 – AMENDMENT IN RULES 2, 4, 4A & 7 AND INSERTION OF FORM NOS. ST-1A, ST-2A & ST-3C NOTIFICATION NO.48/2016-ST, DATED 9-11-2016 In exercise of the powers conferred by sub-section (1), read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government… Read More »

Validity of Old Notes Extended till 14.11.2016 * conditions -List enclosed

List of payments allowed with Rs 500/ 1000 Notes As the Government of India has declared that currency notes of Rs. 500 and Rs. 1,000 denominations will not be valid from midnight of November 8, 2016, citizens will have to surrender the old notes at any branch of a bank or post office to get… Read More »

Notification-Govt Extended date of Payments with Old Notes till 14.11.16 with Certain Modifications

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 11th November, 2016 S.O. 3445(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India in the Ministry of… Read More »