Credit of service tax paid for shifting of household goods of employees not admissible Posted: 19 Oct 2012 07:16 PM PDT As regards benefit of service tax paid for shifting of household goods of employees, as fairly submitted by the learned counsel for the assessee, the issue is covered against them by the decision of this Tribunal cited above and accordingly the demand for service tax is upheld. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | Service tax on expenses for obtaining export incentives eligible for input service tax credit Posted: 19 Oct 2012 07:12 PM PDT Obtaining export incentives is directly relatable to manufacture. Manufacturer while manufacturing goods for export and for working out the cost takes into account the export incentives. Export incentives play a very big role in the manufacture and export of goods. This being the position, service... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | Limitation period not applies to Refund of Service tax paid twice Posted: 19 Oct 2012 07:07 PM PDT The petitioner having already paid up the service tax even before collection in a particular quarter, cannot be asked to pay such tax all over again in the following quarter on the same service on the ground that such tax had to be deposited in the later quarter but was deposited earlier. Any such... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | Notice for Change of Address of Income Tax Offices, Kolkata Posted: 19 Oct 2012 05:42 PM PDT This is to bring to the notice of all the tax payers, tax practioners and all other persons concerned that all the offices under the Commissioner of Income Tax (Central)-I, II & III, Kolkata, the Commissioner of Income Tax (Central)(Appeal)-I, II & III, Kolkata, the Commissioner of Income... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | Personal grievance cannot be addressed under Contempt of Courts Act Posted: 19 Oct 2012 04:10 PM PDT This also appears to be a case where the petitioner has not come to the Court with clean hands; submission of the respondent that the petitioner has learnt about the one time settlement arrived at by the respondent with the Bank; and it was only then that he approached the CLB this is clear from... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | Quality of XBRL Filing Certified by Professional Members is Poor, May Invite penalty – MCA Posted: 19 Oct 2012 11:31 AM PDT The Ministry of Corporate Affairs has pressed upon for the need to improve the quality of xBRL (Extensible Business Reporting Language) filings. In a letter sent to the Presidents of ICAI and ICSI the ministry said it is the bounden duty of these institutes to improve the quality of XBRL filing for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | No need for one to one co-relation of CENVAT credit availed on input services towards payment of output services Posted: 19 Oct 2012 10:03 AM PDT Issue: Whether there is need for one to one co-relation of CENVAT credit availed on input services towards payment of output services? Facts: The appellants are manufacturer of transmission towers and also providing services of erection, commissioning & installation, management, maintenance or... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | All About Disallowance under Section 40(a)(3) Posted: 19 Oct 2012 09:50 AM PDT The income tax department in its endeavor to plug in tax evasion mechanisms has introduced section 40(a)(3). This section provides that any expenditure incurred by an assessee (whether individual, company, firm etc.) above Rs. 20000/- other than by account payee cheque or draft shall not be allowed... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | DGFT -New SIONs for export product 'Aluminium Beverage Cans' in Engineering Product Group Posted: 18 Oct 2012 05:47 PM PDT Public Notice No: 26(RE: 2012)/2009-2014 Directorate General of Foreign Trade hereby notifies new SIONs in respect of the export product Aluminium Beverage Cans . The new entries would be as under:- [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | FTP- Submission of physical copy of RCMC not mandatory wef 01.12.2012 Posted: 18 Oct 2012 05:44 PM PDT Details of RCMC would be made available (uploaded) by respective EPCs/Commodity Boards Development Authorities/other competent authorities. Accordingly, submission of physical copy of RCMC by the applicants will not be required. This will be with effect from 01/12/2012. PUBLIC NOTICE... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | Extension of ban on export of edible oils till further orders Posted: 18 Oct 2012 05:43 PM PDT Prohibition on export of edible oils has been extended till further orders. But, the same will not apply to relaxations/exemption as mentioned in para 3 & 4 above. Export of fish oil continues to be free as per Notification No. 60 dated 20.11.2008. Notification No 24 (RE – 2012)/2009-2014 [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | DVAT- Review of Assessment of dealers on the basis of 2A & 2B data mismatch for 1st Quarter of 2012-13 Posted: 18 Oct 2012 05:26 PM PDT The Department of Trade and Taxes had framed the assessment of quarterly return filing dealers for the Tax period First Quarter 2012-13, on the basis of mismatch in the data filed by the dealers in Annexure 2A and 2B online. This assessment was framed on the basis of data as on 21/09/2012 at 09.00... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | Seeks to extend excise duty exemption to Long Range Surface to Air Missile Posted: 17 Oct 2012 06:13 PM PDT New Delhi, the 18thOctober, 2012 Notification No. 38/2012-Central Excise G.S.R. 773(E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
 | | Seeks to exempt from customs duty to project Long Range Surface to Air Missile Posted: 17 Oct 2012 05:52 PM PDT Notification No. 57/2012-Customs Machinery, equipment, instruments, components, spares, jigs, fixtures, dies, tools, accessories, computer software, raw materials and consumables required for the Long Range Surface to Air Missile (LR-SAM) Programme of Ministry of Defence
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