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Service Tax Amendments by Budget 2017-18. Legislative changes, Authority for Advance Ruling, New exemptions and Rationalisation measures

Author: | Categories: Service Tax No comments
Service Tax Amendments by Budget 2017-18. Legislative changes, Authority for Advance Ruling, New exemptions and Rationalisation measures A. Legislative changes Existing Proposed   1. The Negative List entry in respect of “services by way of carrying out any process amounting to manufacture or production of goods excluding alcoholic liquor

Amendment to Central Excise Provisions in Budget 2017-18. Changes in exsice duty rates, additional excise duty as per Finance Bill 2017

Author: | Categories: Budget 2017-18, Excise No comments
Amendment to Central Excise Provisions in Budget 2017-18. Changes in excise duty rates, additional excise duty as per Finance Bill 2017 AMENDMENTS IN THE CENTRAL EXCISE ACT, 1944 S. No. Amendment   Clause of the Finance Bill, 2017 1. Clause (e) of section 23A is being amended so as

Excise exemption and eligibility for SSI Units for manufacturer of jewellery or article. CBEC Circular No. 1040/28/2016-CX

Author: | Categories: Excise/Custom No comments
Circular No. 1040/28/2016 – CX F. No. 354/25/2016 -TRU (Pt.-1) Government of India Ministry of Finance (Department of Revenue) Tax Research Unit New Delhi, the 26th July, 2016 To, Principal Chief Commissioners I Chief Commissioners of Central Excise (All); Principal Chief Commissioners I Chief Commissioners of Customs & Central

Clarifications-FAQ Income Declaration Scheme 2016 CBDT Circular No. 24/2016

Author: | Categories: Income Tax No comments
 Circular No. 24 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Clarifications on the Income Declaration Scheme, 2016 The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter IX of the Finance Act,

Amended Accounting Standards 2016 shall apply to accounting periods commencing on or after the date of notification-MCA Circular

Author: | Categories: Companies Act No comments
General Circular No. 04/2016 F. No.01/01/2009-CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan, Dr R.P. Road, New Delhi Dated: 27th  April, 2016 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification with regard to Companies (Accounting Standards) Amendment Rules 2016

Phasing out of income tax deductions and exemptions in Budget 2016-17

Author: | Categories: Income Tax No comments
The Finance Minister in his Budget Speech, 2015 had indicated that the rate of corporate tax will be reduced from 30% to 25% over the next four years along with corresponding phasing out of exemptions and deductions. The Government proposed to implement this decision in a phased manner. In

Rationalisation of penalty provisions budget- 2016-17

Author: | Categories: Income Tax No comments
Under the existing provisions, penalty on account of concealment of particulars of income or furnishing inaccurate particulars of income is leviable under section 271(1)(c) of the Income-tax Act. In order to rationalize and bring objectivity, certainty and clarity in the penalty provisions, it is proposed that section 271 shall
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