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Big Boost to Ease of Doing Business- Passing of Bankruptcy Code


Big Boost to Ease of Doing Business Passing of Bankruptcy Code Code is a comprehensive and systemic reform which will give a quantum leap to the functioning of the credit market and would take India from among relatively weak insolvency regimes to becoming one of the worlds best insolvency regimes V

Draft rules for foreign tax credit


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Subject Draft rules for grant of Foreign Tax Credit reg The Income tax Act 1961 the Act provides that the Central Board of Direct Taxes may prescribe rules specifying the procedure for grant of relief or dedu

Extension of time for CEP Credit Hours for renewal of COP


Dear Members As you are aware that in case of members holding Certificate Of Practice COP as per the Guidelines for Mandatory Training for all Members of The Institute under Continuing Education Programme it is mandatory to undergo minimum mandatory training of 15 hours per year commencing from 1st

Report of the Committee on Taxation of E-Commerce


Executive Summary The Committee on taxation of E Commerce examined the tax issues arising from the new business models employed in the digital economy in particular issues relating to tax nexus rules under existing law and tax treaties characterization of payments made for services and facilities pr

Scheme for speedy grant of refund accumulated in cenvat credit


Scheme formulated for Speedy grant of refund of accumulated and unutilised CENVAT credit to help in ease of doing business by unlocking the accumulated credit Exporters of services today accumulate CENVAT credit on both input services and input goods as they are unable to set off their input levies

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Experts Opinions

Service tax credit on transit insurance policy.


Dear expert We are the manufacturer and have goods transit insurance policy this insurance related to the inward outward material Now my question is that can we availed service tax on goods transit insurance policy

Mat credit


Do we get credit of Education cess as MAT Credit AMT credit CPC processing has disallowed the same

Cenvat credit on capital goods


can one avail credit as capital goods on 1 Electrical Items 2 Angle channel beam etc on any ground 3 Items that fall under chapter 6815

Is sold back good to creditors on behalf of his payment


A proprietorship firm purchase goods on paper from another proprietorship firm now that firm deny for account adjustment what advise i ll give to save that person

Section 92E ; Buying from International eBay in $ using credit card


If a electronic equipment is bought by a sole proprietor from Alibaba or international Ebay Will it come under provisions of section 92E under international transaction Would he be liable to submit Form 3CEB if the equipment bought is for 1 Personal purpose 2 Business purpose Kindly answer

Discussion

Certified bank guarantee bg standby letter of credit sblc

Dear Sir Ma We are direct providers of Fresh Cut BG SBLC and MTN which are specifically for lease our bank instrument can be engage in PPP Trading Discounting signature project s such as Aviation Agriculture Petroleum Telecommunication construction of Dams Bridges Real Estate and all kind of project

Cash credit limit

I AM A PROPRIETOR OF FANCY SHOP IN RURAL AREA I WANT TO OBTAIN CASH CREDIT LIMIT I HAVE NO REGISTRATION IN VAT OR SERVICE TAX ETC WHAT DOCUMENTS WILL REQUIRE FOR CC LIMIT PLEASE GUIDE ME THANKING YOU ALL

Cenvat credit on capitalised input services

Whether a company in service industry canclaimCENVAT credit of Service tax paid on the licences purchased for the systems which has to be capitalised in the books of accounts

Employer credit my TDS in wrong PAN

During filing ITR I have cross checked the 26AS there was no entry from my employer I have found thatthe employer credit my TDS in wrong PAN Please Help me how it can be correct what is its process Otherwise i will get the IT notice and i have to pay the amount again

Request: unasked case laws summary

Can someone kindly upload a list of Case Laws summary for DT IDT which have not yet been asked atleast in last 3 4 attempts This would be very helpful we can focus on these case laws more for the Nov16 exam

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Articles

Understanding the GST Model Law- Input Tax Credit


This is the seventh in the series of proposed articles on the GST Model law The purpose is mainly to create awareness and enable one to look at the unintended impact as maybe applicable for each sector person It could also aid in representation needed for amendment of the Model GST Law to make it ta


Grey areas - Cenvat credit on Krishi Kalyan Cess (KKC)


In budget 2016 17 the Government has introduced a cess called as Krishi Kalyan Cess KKC which will be used for financing and promoting agricultural sector KKC will apply at the rate of 0 5 on value of taxable services rendered on or after 1 6 2016 Unlike Swachh Bharat Cess SBC the Government has mad


GST- Summary of the Model GST law


Summary of Model GST law The model GST law has been released on 14th June 2016 It outlays the basic structure of the CGST act SGST acts to be based on the structure laid out The draft of the IGST act has been also released as a part of the Model GST law The key features of the Model are summarised a


Cenvat Credit on Construction, Repairs & Works contract Services


Introduction Cenvat Credit is a beneficial scheme wherein the duty paid at earlier stage on inputs and input services is allowed to be set off against the liability on manufactured goods or output services provided As a result what is taxed is only the value addition made by the manufacturer or the


Pre-registration credit for manufacturers and service providers


Background In order to start new business operations in any sector the project costing has to factor in the indirect taxes Basic Customs Duty BCD Excise duty and Countervailing duty CVD 3 Customs Cess and 4 Special Additional duty SAD are paid on materials machines equipment procured Also service ta


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Updated on : 8/2/2016 8:50:25 PM


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