Daily Archive: Wednesday, April 13, 2016

Clarification-Levy of Service Tax on the services provided by Government or a local authority to business entities

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Circular No. 192/02/2016-Service Tax F.No. 334/8/2016-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated- April 13, 2016 To Principal Chief Commissioners of Customs and Central Excise (All) Principal Chief Commissioners of Central Excise & Service Tax (All) Principal Director Generals of Goods and Service

Point of taxation date for services provided by Government or local authority to any business entity-Notification No. 24/2016

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GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 24 /2016-Service Tax  New Delhi, the   13th April, 2016 G.S.R.—(E).- In exercise of the powers conferred by clause (a) and clause (hhh) of subsection (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central

Service tax Determination of Value Rule not to apply to service provided by Govt./local authority where payment deferred for interest/other consideration

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GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)  Notification No. 23 /2016-Service Tax,  New Delhi, the 13th April, 2016 G.S.R.____ (E).- In exercise of the powers conferred by clause (aa) of sub-section (2) of section 94 of the Finance Act,1994 (32 of 1994), the Central Government hereby makes

Service tax Mega Exemption-Services provided by Government or a local authority. Notification No. 22/2016

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GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 22/2016-Service Tax New Delhi, the 13th April, 2016 G.S.R.….(E).-In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government being satisfied that it is necessary in

Madras High Court directs CBDT to allow carry forward losses for return filed after due date midnight due to heavy rush, snag at e-filing website

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In a recent judgment, the Madras High Court has directed CBDT to accept the e-return filed by the appellant company after midnight due to heavy rush and snag at the income tax e-filing website, as within due date and give benefit of carry forward of loss under Section 139(3).

Madras HC upholds Constitutional validity of section 94A (1) and CBDT Notification 86/2013 related to Cyprus

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In a recent judgment, the Madras High Court has upheld the Constitutional validity of section 94A(1) of the Income tax Act, 1961 and CBDT Notification 86/2013 specifying ‘Cyprus’ as the ‘notified jurisdictional area for the purpose of the said section. Case Details: W.P.Nos.17241 to 17243 & 17407 to 17412 of 2015

CIT Revision u/s 263- the word ‘erroneous’ includes the failure to make an inquiry when circumstances would make such it prudent

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In a recent judgment, ITAT held that  the word ‘erroneous’ in section 263 includes the failure to make an inquiry when circumstances would make such an enquiry prudent. Also order passed without applying the principles of natural justice or without application of mind are fall in the same category.  Case
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