NewsTaxIndia, Author at NewsTaxIndia

CBI Arrested Superintendent of Central Excise (Audit) while Accepting Bribe of Rs.3 lakh

February 25, 2017 NewsTaxIndia0 comments1127 views

CBI Arrested two Superintendents and an Inspector, all of Central Excise, Audit, Murthal, Sonepat (Haryana) while demanding & accepting bribe of Rs.3 lakh CBI Press Release New Delhi, 21.02.2017 The Central Bureau of Investigation has arrested two Superintendents and an Inspector, all of Central Excise, … Continue Reading →

Income Tax

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

February 25, 2017 NewsTaxIndia0 comments1679 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 comments2053 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 comments5899 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 comments5996 views

Service Tax

Retrospective Service Tax Exemption to operators of Common Effluent Treatment Plant

February 20, 2017 NewsTaxIndia0 comments1405 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 comments1373 views

Service Tax

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

February 17, 2017 NewsTaxIndia0 comments1299 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 comments1275 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 comments1521 views