REVERSE CHARGE IN SERVICE TAX LAW
[Notification 30/2012-ST dated 20-6-2012 (Amended by N.No. 7/2015-ST dated 1-3-2015) and Section 6...
What’s a nil return and when should you file one?
What’s a nil return? A nil income tax return is filed to show the Income Tax Department that you f...
New Penalty Provisions Under Cenvat Credit Rules
Vide Notification No. 6/2015-ST dated 1.3.2015, following amendments have been made in Rule 15 con...
Whether the Service Tax Liability can be transferred to Third Party?
The concept of service tax was introduced in the year 1994 by Chapter V of Finance Act, 1994. ...
GST WOULD BE LIKELY TO BE APPLICABLE FROM 01-04-2016
The Union Finance Minister Mr Arun Jaitley set a positive note on the implementation of GST in his B...
THE CONSTITUTIONAL 122ND AMENDMENT BILL 2014: ONE MORE STEP TOWARDS GST
1.The Central Government ‘The Modi Sarkar’ has introduced Constitutional Amendment Bill 122 for ...
Initiatives of Ministry of Corporate Affairs in last one yr
Furthering ease of doing business in India, 16 amendments in the Companies Act, 2013 were approved b...
Interest on NRE Deposits is taxable for Residents
For an NRI, interest earned on NRE deposits is exempt from tax in India. So long as you continue to ...
New Service Tax Effective June 1, FDI Rules Relaxed for NRIs
The proposed goods and services tax (GST) regime, slated to be introduced from April 1, 2016 will be...