NewsTaxIndia

Exemption on Import of Point of Sale Devices, its Cells & Batteries and labelling requirements

January 18, 2017 NewsTaxIndia0 comments930 views

CBEC vide Circular No. 3/2017-Customs, Dated: January 16, 2017 has clarified about exemption on Import of point of sale (PoS) terminal devices, its cells & batteries and labelling requirements thereof. CBEC Circular No. 3/2017-Customs, Dated: January 16, 2017 Subject: – Import of point of sale (PoS) terminal … Continue Reading →

Customs

Exemption on Import of Point of Sale Devices, its Cells & Batteries and labelling requirements

January 18, 2017 NewsTaxIndia0 comments1472 views

Personal Finance

RBI Extended Daily ATM Withdrawals Limit from Rs.4500/- to Rs. 10000/- per Day per Card

January 16, 2017 NewsTaxIndia0 comments1000 views

RBI Extended Daily ATM Withdrawals Limit from Rs.4500/- to Rs. 10000/- per Day per Card Please refer to our circulars DCM (Plg) No. 1274, 1317, 1437 and 2142/10.27.00/2016-17 dated November 14, 21 and 28 and December 30, 2016, respectively, on the above subject. 2. … Continue Reading →

Personal Finance

RBI Extended Daily ATM Withdrawals Limit from Rs.4500/- to Rs. 10000/- per Day per Card

January 16, 2017 NewsTaxIndia0 comments947 views

Service Tax

Flat 40% Abatement for Tour Operator Services with NO Restriction on Cenvat Credit of Input Services

January 13, 2017 NewsTaxIndia0 comments1346 views

Notification No. 04/2017-ST Dated: January 12, 2017 Seeks to amend notification No. 26/2012-ST dated 20.06.2012 so as to rationalize the abatement for tour operator services. Now there is a flat 40% abatement for Services by a tour operator with no restriction of Cenvat of Input … Continue Reading →

Service Tax

Service Tax on Import of Services of Transportation of Goods by a Vessel is covered under Reverse Charge

January 13, 2017 NewsTaxIndia0 comments1126 views

CBEC Notification No. 03/2017-ST dated 12-01-2017 seeks to amend notification No. 30/2012-ST dated 20.06.2012 so as to specify the person complying with the sections 29, 30 or 38 read with section 148 of the Customs Act, 1962 (52 of 1962) as the person liable for … Continue Reading →

Service Tax

Intermediary to Services of Renting of Hotels, inns etc. has been excluded from definition of Aggregator

January 13, 2017 NewsTaxIndia0 comments871 views

CBEC Notification No. 02/2017-ST dated 12-01-2017 seeks to amend Service Tax Rules, 1994 so as to, (i) exclude such persons from the definition of aggregator who enable a potential customer to connect with persons providing services by way of renting of hotels, inns, guest houses, … Continue Reading →

Service Tax

No Service Tax on Business Facilitator or Business Correspondent Services to Rural Area Branches of Banks

January 13, 2017 NewsTaxIndia0 comments2321 views

CBEC Notification No. 01/2017-ST dated 12-01-2017 seeks to amend notification No. 25/2012-ST dated 20.06.2012 so as to (i) withdraw the exemption from service tax for services provided or agreed to be provided by a person located in non-taxable territory to a person located in non-taxable … Continue Reading →

Public News

Historic decisions have Temporary Pain Attached to them: Sh. Arun Jaitley

January 12, 2017 NewsTaxIndia0 comments639 views

On demonetization, Finance Minister Shri Arun Jaitley says that difficult decisions initially pass through difficult phases as historic decisions have temporary pain attached to them Continue Reading →

Public News

Historic decisions have Temporary Pain Attached to them: Sh. Arun Jaitley

January 12, 2017 NewsTaxIndia0 comments663 views