Vinod & Narendra

Validity of Cheque / Draft Only 3 Months from 01-Apr-2012

November 9, 2011

In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from the date of the instrument. RBI has taken cognizance that some persons are taking undue advantage of the said

Service Tax Return – Extension of due date

October 21, 2011

Service Tax & CBEC

F. No. 137/99/2011 – Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs *** New Delhi dated the 20th October 2011 ORDER NO.1 /2011 – Service Tax In exercise of the powers conferred by Rule 7(4) of the Service Tax Rules 1994

Clarification regarding Short Term Accommodation Service and Restaurant Service

May 15, 2011

Service Tax & CBEC

Clarification issued by CBEC regarding Short Term Accommodation Service and Restaurant Service vide Circular No. 139/8/2011-TRU dtd. 10-May-2011. Since the levy of service tax on the aforesaid two new services came into force with effect from 1-May-2011, a number of queries have been raised by the potential tax payers. These

Budget 2011 (Finance Act, 2011) – Complete roundup of service tax provisions with effective date

April 27, 2011

Service Tax & CBEC

[By Shaleen Shah (Partner), VNCA] 1) AMENDMENTS EFFECTIVE FROM 1-MAR-2011 a) Exemption is provided to the following services: i) Exemption is being provided to services provided by an organizer of business exhibitions in relation to business exhibitions held outside India. ii) An abatement of 25% from the taxable value is

Gujarat VAT & CST Amendments w.e.f. 1st April 2011

March 29, 2011

Gujarat VAT & CST

[By Mr. Bharat V. Shah (Director), VNCA] Consequent to Gujarat Budget 2011 proposals the following is the gist of important amendments to the VAT & CST Acts: W.E.F. 1-4-2011, the rate of VAT on Sales of Tobacco of all types and Tobacco products such as Bidi, Cigarettes, Gutkha, Pan masala,

Bar Associations oppose Online Gujarat VAT Returns

February 6, 2011

Gujarat VAT & CST

Members of 15 sales tax bar associations in the state have decided to protest against the Gujarat commercial tax department. The 4,000 bar members have been at loggerheads with the department over problems faced in filing Value added tax (Vat) returns. In a meeting of Gujarat Sales Tax Bar Association

FREDDIE helps IT Department to unearth digital data

February 2, 2011

Income Tax

The income tax (I-T) sleuths who carried out searches at the premises of Bollywood actresses Priyanka Chopra and Katrina Kaif, were aided by ‘hero’, a small yellow suitcase which copied voluminous data from the actor’s computers. The recently procured mobile portable forensic lab of the department, fondly called ‘hero’, looks

State sales tax department busts major evasion racket

December 21, 2010

Gujarat VAT & CST

MUMBAI: The state sales tax department has busted a major tax evasion racket. The vigilance cell with the department stumbled upon a racket involving bogus ‘C’ forms belonging to 21 states. The C forms are normally used to claim tax concession when goods are transported from one state to another.

Gujarat VAT Returns – Extension of due date

November 4, 2010

Gujarat VAT & CST

We had informed you through our Update earlier that vide Notification No. (GHN-39) VAR-2010(287)/TH dtd. 24-9-2010, the Gujarat Government has made it mandatory for specified category of Dealers to file the VAT & CST Returns Electronically (E-Return) alongwith the information in Form 201A, 201B, 201C, Appendix I & II within

Tax holiday extension ruled out for software technology park units

October 4, 2010

Income Tax

Tax holiday extension ruled out for software technology park units

Earlier Posts

Validity of Cheque / Draft Only 3 Months from 01-Apr-2012

Service Tax Return – Extension of due date

Clarification regarding Short Term Accommodation Service and Restaurant Service

Budget 2011 (Finance Act, 2011) – Complete roundup of service tax provisions with effective date

Gujarat VAT & CST Amendments w.e.f. 1st April 2011

Bar Associations oppose Online Gujarat VAT Returns

FREDDIE helps IT Department to unearth digital data

State sales tax department busts major evasion racket

Gujarat VAT Returns – Extension of due date

Tax holiday extension ruled out for software technology park units

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