|
|
|
| Indirect Tax Newsletters |
| Indirect Tax News Update - Volume III Issue III, March 2016 |
Central Govt. notifies Service Tax and Central Excise (Furnishing of Annual Information Return) Rules, 2016 w.e.f. April 1, 2016 vide Notification No. 04/2016-ST dated February 15, 2016. The same now requires annual submission of information re-turn u/s 15A(1) of Central Excise Act by RBI Officer i.r.o. foreign remittances for receipt of services declared recorded on or after 1st day of April, 2015 in Form AIRF. |
|
| Author : BSA Taxation Team |
|
| Date : March 5, 2016 |
|
| |
| |
| Indirect Tax News Update - Volume III Issue II, February 2016 |
| CBEC through Directorate General of Audit has released new Integrated Central Excise and Service Tax Audit Manual (CESTAM 2015), replacing the existing Central Excise & Service Tax Audit Manuals. The Manual, inter alia provides for coordinated and integrated audit covering two or more duties / taxes for assessee / taxpayer having common PAN instead of individual audit for each tax separately. |
|
| Author : BSA Taxation Team |
|
| Date : February 2, 2016 |
|
| |
| |
| Indirect Tax News Update - Volume III Issue I, January 2016 |
CBEC Committee headed by Chief Economic Advisor Dr. Arvind Subramaniam submitted its Report on possible GST rates to Finance Minister. The report, titled ‘Report on the Revenue Neutral Rate and Structure of Rates for the Goods and Services Tax (GST)’ recommends conditional rate structures that depend on policy choices made on exemptions and taxation of certain commodities such as precious metals, and accordingly suggests Revenue Neutral Rate (RNR) in the range of 15% to 15.5% (Centre & States combined), Standard Rate between 17% to 18% for taxing maximum possible tax base & lower rate of around 12%. |
|
| Author : BSA Taxation Team |
|
| Date : January 4, 2016 |
|
| |
| |
| Indirect Tax News Update - Volume II Issue XII, December 2015 |
CBEC has introduced complementary scheme to fast track sanction of accumulated CENVAT Credit refund to service exporters under Rule 5 of CENVAT Credit Rules. The scheme is applicable to refund claims filed on or before March 31, 2015 but pending disposal till date (i.e. either sanction or denial, either in whole or in part, by an adjudication order); However, refunds which have been finalised earlier by issuance of adjudication order but have been remanded back to original sanctioning authority will not be covered by said scheme. |
|
| Author : BSA Taxation Team |
|
| Date : December 7, 2015 |
|
| |
| |
| Indirect Tax News Update - Volume II Issue XI, November 2015 |
CBEC issues detailed clarification on levy of service tax on various services provided by Goods Transport Agency (GTA) in course of transportation of goods by road. Further, GTA service being composite in nature that may include various ancillary services such loading / unloading, packing / unpacking, transhipment & temporary storage, CBEC states that same cannot be broken into its components and considered as constituting separate services. |
|
| Author : BSA Taxation Team |
|
| Date : November 2, 2015 |
|
| |
| |
| |
| First << 5 6 7 8 >> Last |
|
