Departmental Audit- Some Tips By CA Madhukar N Hiregange & CA. Srikantha Rao T The reforms in India have ensured that monthly/ quarterly assessments have been done away with. However the manufacturers or service providers dread an audit by the
Prepared By: CA Pradeep Jain Sukhvinder Kaur, LLB Introduction: - The amendment relating to Construction service has big implications and everyone is talking about the same. We have already written an article titled ‘Deeming Construction S
As on 1st May, 2006,95 services are identified as taxable services in India. Section 64 of the Finance Act, 1994, extends the levy of service tax to the whole of India, except the State of Jammu & Kashmir
Commercial Coaching – Taxability and Exemptions from Service Tax ‘Commercial Training or Coaching’ services were brought into the Service Tax net w.e.f. 1st July 2003. Notification No. 9/2003-ST effective from 01/1/2003 exempted th
We have come a long way from the ancient days of Lothal cargo ports. But be it Kandla or Mundra, Pipavav or Dahej, Porbandar, Sikka or upcoming Dholera, ports have always played a major role in the glory and success story of Gujarat. In the next dec
BUDGET 2010: RENTING OF IMMOVABLE PROPERTYThe Budget 2010 has made the following important amendments relating to Renting of Immovable Property Service 'Renting' activity itself regarded as taxable service (Retrospectively amended from 1 June, 200
The Authority for Advance Rulings, New Delhi in the case of Harekrishna Developers, STO 2008 AAR 87 observed that the activity of building a residential unit on an earmarked plot in the Complex and making Construction thereon as per the plan, desi
The reaction over budget 2010 is on air now. The Finance Minister has failed to cheer assessee of Indirect Taxes. Even the matter for implementation of the proposed GST has been deferred for one more year. The Finance Minister addressed to certai
List of the eight new Services proposed Promoting, marketing or organizing of games of chance, including lottery [Section 65 (105) (zzzzn)] Health services, include following:- [Section 65 (105) (zzzzo)] 1. Health check up undertaken by ho
Budget Highlights – Service Tax Rate of tax on services retained at 10 per cent to pave the way forward for GST. Proposals relating to Service Tax are estimated to result in a net revenue gain of Rs 3,000 crore for the year. Proce
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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