Updates from TaxGuru 15.02.2010

Financial, Legal & Tax Updates from TaxGuru (in this message: 6 new items) Analysis of circular on refund of CENVAT credit under Rule 5 of CENVAT Credit Rules, 2004 and Problems faced by exporters Summary of VAT notifications and circulars issued during the month of January 2010 in Delhi Summary of VAT notifications and circulars issued during the month of January 2010 in Punjab A summary of VAT updates on notifications and circulars issued during the month of January 2010 in Maharashtra A Quick Reference Guide For those investing in share market MMRDA may have to pay IT department Rs. 1,500 crore Analysis of circular on refund of CENVAT credit under Rule 5 of CENVAT Credit Rules, 2004 and Problems faced by exporters Posted: 14 Feb 2010 05:06 AM PST Background of the Circular:- CENVAT Credit Rules, 2004 ('CCR') permit availment of credit of excise duty on inputs and service tax on input services used for manufacture of dutiable goods or providing output services. In order to zero-rate the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] Summary of VAT notifications and circulars issued during the month of January 2010 in Delhi Posted: 14 Feb 2010 04:38 AM PST Section 74A dealing with the powers of the Commissioner to revise Orders passed earlier was introduced with effect from November 16, 2005. Provisions of the Section have now been made effective retrospectively from April 1, 2005. Extension of time... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] Summary of VAT notifications and circulars issued during the month of January 2010 in Punjab Posted: 14 Feb 2010 04:30 AM PST With effect from the quarter ending December 31, 2009, electronic submission of returns has been made mandatory for: * dealers claiming refund * dealers having transactions of inter-state sales and inter-state purchases, either presently or... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] A summary of VAT updates on notifications and circulars issued during the month of January 2010 in Maharashtra Posted: 14 Feb 2010 04:22 AM PST In order to attain uniformity in procedures, the departmental officers have been instructed to issue Tax Clearance Certificate under the Maharashtra Value Added Tax Act, 2002 in the prescribed format. Further, format of the Profession Tax Clearance... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] A Quick Reference Guide For those investing in share market Posted: 14 Feb 2010 03:56 AM PST Risk Revisited :-When you invested, you did so with certain expectations about the performance of the company, the prospects of income from and/or the capital growth of the securities that you now hold, the corporate benefits that may accrue to you... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] MMRDA may have to pay IT department Rs. 1,500 crore Posted: 13 Feb 2010 08:12 PM PST Despite being partly a civic body responsible for developing essential infrastructural amenities, Mumbai Metropolitan Region Development Authority (MMRDA), because of its capital intensive deals for various projects, has come under the scanner of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] With Regards,  CA Sandeep Kanoi  Website: http://www.taxguru.in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by emai

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