Daily Archives: February 21, 2016

Rules for Appointment of Chairman of Appellate Tribunal for forfeited properties

By | February 21, 2016

APPELLATE TRIBUNAL FOR FORFEITED PROPERTY (PROCEDURE FOR APPOINTMENT OF CHAIRMAN) RULES, 2016 NOTIFICATION NO. GSR 138(E) [F.NO.A.12011/1/2015-SO (CA)], DATED 2-2-2016 In exercise of the powers conferred section 12(2) read with sec. 26(2)(c) of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, (SAFEMA), 1976, and section 68N(2) read with section 76(2)(h) of the Narcotics… Read More »

Interest for delay of 60 days in payment of VAT refund under Bihar VAT Act

By | February 21, 2016

BIHAR VALUE ADDED TAX ORDINANCE, 2016  AMENDMENT IN SECTIONS 3A, 14 & 70 NOTIFICATION NO.LG-01-01/2016/04LEG  DATED 28-1-2016 TO AMEND THE BIHAR VALUE ADDED TAX ACT, 2005 (ACT 27, 2005) Preamble – WHEREAS, The Legislature of the State of Bihar is not in session; AND, WHEREAS, the Governor of Bihar is satisfied that the circumstances exist… Read More »

Public announcement not required to acquire shares of dissenting shareholders

By | February 21, 2016

SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (AMENDMENT) REGULATIONS, 2016 – AMENDMENT IN REGULATION 3 NOTIFICATION NO.SEBI/LAD-NRO/GN/2015-16/035, DATED 17-2-2016 In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 13(8) and section 27(2) of the Companies Act, 2013, the Board… Read More »

Interview of Finance Secretary Shri Ratan P Watal

By | February 21, 2016

Finance secretary: Present Government is fully committed to the principle of cooperative federalism both in the letter and spirit; More untied grants are now being given to the States; Allocation to States for local bodies increased from Rs. 87,519 crore under 13th Finance Commission to Rs.2.87 lakh crore under the 14th Finance Commission. The Finance… Read More »

Additional Flights from Chandigarh to Delhi

By | February 21, 2016

Ministry of Civil Aviation Organizes Additional Flights In view of ongoing road blockades and disturbance in Haryana, the Ministry of Civil Aviation has organised  additional flights, the details of which are as follows: (1) Air India- Date – 21.2.16 Delhi – Chandigarh- Amritsar-Delhi Departure timings  : Delhi (1730) Chandigarh (1910) Amritsar (2035) Delhi SpiceJet– Date… Read More »

National Rurban Mission launched by Prime Minister

By | February 21, 2016

PM launches National Rurban Mission The Prime Minister, Shri Narendra Modi, today launched the National Rurban Mission from Kurubhat, in Rajnandgaon district of Chhattisgarh. Speaking on the occasion, the Prime Minister described the Rurban Mission as one which would enable cluster based development – with a “rural soul and urban amenities.” He said this scheme… Read More »

DVAT Dealer need not to submit DVAT 56 acknowledgement if return filed with Digitial Signatures

By | February 21, 2016

DELHI VALUE ADDED TAX (AMENDMENT) RULES, 2016 AMENDMENT IN RULE 28 NOTIFICATION NO.F.3(28)/FIN (REV-I)/2015-2016/DSVI/42, DATED 11-2-2016 In exercise of the powers conferred by section 102 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005), the Lt. Governor of the National Capital Territory of Delhi, hereby, makes the following rules further to… Read More »

Cenvat Credit on Capital Goods installed in Jammu & Kashmir not available

By | February 21, 2016

Held As per Rule 1(2)  of CCR the Cenvat Credit Rules do not apply to taking of Cenvat Credit of Service Tax. Therefore, Cenvat Credit taken with respect to services availed in the state of Jammu & Kashmir, has been correctly denied to the appellant. CESTAT, KOLKATA BENCH Vodafone Essar Spacetel Ltd. v. Commissioner of… Read More »