Daily Archives: November 12, 2016

Demonetization is not Unconstitutional : Supreme Court Judgement

By | November 12, 2016

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

By | November 12, 2016

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 »

Revised FAQs on Withdrawal of Old Bank Note of Rs 500 -1000 : RBI

By | November 12, 2016

FAQs on Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Revised) (Updated as on November 08, 2016) (Updated as on November 11, 2016) (Updated as on November 12, 2016) 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher… Read More »

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

By | November 12, 2016

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 »

Constitutional validity of entry tax upholded by Supreme Court

By | November 12, 2016

Constitutional validity of entry tax upholded by Supreme Court SUPREME COURT OF INDIA Jindal Stainless Ltd. v. State of Haryana ASHOK BHUSHAN, J. C.A. NOS. 6383-6421 OF 1997 & ETC. NOVEMBER  11, 2016 Download the judgement of Supreme Court on Constitutional validity of entry tax upholded by Supreme Court

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

By | November 12, 2016

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

By | November 12, 2016

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

By | November 12, 2016

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 »