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POEM Guidelines shall not apply to a Company having Turnover up to Rs. 50 crores

February 25, 2017 NewsTaxIndia0 comments1263 views

CBDT Clarification: POEM Guidelines shall not apply to a Company having Turnover or Gross Receipts of Rs. 50 crores or less in a financial year. The concept of Place of Effective Management (POEM) for deciding the residential status of a company, other than an … Continue Reading →

RBI

RBI Master Direction – Money Transfer Service Scheme (MTSS)

February 25, 2017 NewsTaxIndia0 comments1663 views

Master Direction – Money Transfer Service Scheme (MTSS) RBI/ FED/ 2016-17/ 52 FED Master Direction No.1/ 2016-17 dated February 22, 2017 1. Introduction 1.1 Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. Only … Continue Reading →

Goods and Service Tax

Updated Study Material on Model GST Law released by ICAI

February 21, 2017 NewsTaxIndia0 comments5730 views

The Indirect Tax committee of Institute of Chartered Accountants of India has released background study material on the subject ‘Model GST Law’. For informational purpose web links of respective study material is given as under: Particular Links for view/download Revised Model GST Law (Bare Law) … Continue Reading →

Goods and Service Tax

Updated Study Material on Model GST Law released by ICAI

February 21, 2017 NewsTaxIndia0 comments5833 views

Service Tax

Retrospective Service Tax Exemption to operators of Common Effluent Treatment Plant

February 20, 2017 NewsTaxIndia0 comments1281 views

Retrospective Service Tax Exemption to operators of Common Effluent Treatment Plant G. S . R. (E).- Whereas, the Central Government is satisfied that in the period commencing on and from the Ist of July 2012 and ending with the 31st of March, 2015 (hereinafter referred … Continue Reading →

Service Tax

Retrospective Service Tax Exemption to operators of Common Effluent Treatment Plant

February 20, 2017 NewsTaxIndia0 comments1212 views

Service Tax

CBEC Circular: No Service Tax in Certain Cases on Transportation of Goods by a vessel into India

February 17, 2017 NewsTaxIndia0 comments1045 views

No Service Tax on Transportation of Goods by a vessel from a place outside India to the customs station if destination of such goods is a country other than India Dated- 16th February, 2017] Applicability of service tax on the services by way of … Continue Reading →

Central Excise

CAS 4 Certificate for F. Y. 2016-17 is required be submitted by the 31st Dec. 2017

February 17, 2017 NewsTaxIndia0 comments1150 views

Periodicity of CAS 4 certificates-reg. Attention is invited to Board’s Circular No. 692/0812003-CX dated 13th February, 2003 by which it was clarified that cost of production of captively consumed goods shall be done strictly in accordance with CAS-4. 2.Instances have been highlighted during C … Continue Reading →

Central Excise

CAS 4 Certificate for F. Y. 2016-17 is required be submitted by the 31st Dec. 2017

February 17, 2017 NewsTaxIndia0 comments1259 views

Customs

Expansion of 24×7 customs clearance and clarification of levy of MOT charges in CFSs attached to 24×7 ports

February 17, 2017 NewsTaxIndia0 comments1027 views

Expansion of 24×7 Customs clearance and clarification of levy of MOT charges in CFSs attached to 24×7 ports CBEC had on a pilot basis introduced 24×7 customs clearance at 4 designated Air cargo complexes and 4 seaports in respect of facilitated Bills of … Continue Reading →