The Finance Ministry on Monday made the first ever move to refund service tax paid by exporters on non-input services. The refund will now be available on four identified transport and port services that could be linked to export goods. Services offe
The Commerce Ministry is working on an alternative Duty Entitlement Pass Book (DEPB) scheme. "It is in the final stage," Union Minister for Commerce and Industry, Mr Kamal Nath, said but refused to elaborate.Responding to queries after inaugurating t
The Central Board of Direct Taxes (CBDT) has discovered new hubs to bolster the tax kitty at this time at the grassroots. The CBDT has spotted Panchayats in states such as Gujarat, Maharashtra, Karnataka and Madhya Pradesh as the potential tax p
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HOUSING SOCIETIES in the city that disputed the applicability of income tax on transfer fees - collected by a society when a flat is sold by a member - may have to pay up. The Income-Tax (I-T) Department has begun issuing notices to such housing soci
MUMBAI: The Securities and Exchange Board of India (Sebi) has initiated 'adjudication proceedings' against 20 companies for not complying with the Clause 49 provision of the listing agreement pertaining to corporate governance. Such action would invo
The Finance Ministry has provided additional time for payment of Central excise duty under the e-payment route. This is being seen as the Government's attempt to encourage central excise assessees to go in for e-payment of duties.Central excise asses
With India and Mexico signing the double taxation avoidance agreement on Monday, companies using Mexico to route investments into India will have to be ready for a differently structured tax regime. The DTAA has provided for a limitation of benefits
By virtue of the provision of clause (d) of sub-section (1)section 115 WB, introduced by Finance Act, 2007, an employer isliable to pay Fringe Benefit Tax on any consideration for employmentprovided by way of any specified security or sweat equity sh
OPPORTUNITY TO WORK IN NOVA SCOTIA, CANADAProfessional Development Committee (PDC) of ICAI is working with BusinessDevelopment, Emerging Markets team of Nova Scotia Business Inc. (NSBI) to facilitaterecruitment of members of ICAI for employment in No
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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