Author Archives: Mukesh Goel

FDI in Single Brand Retail Trading

Posted on January 12, 2012 by Mukesh Goel

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC-I Section) Press Note No.1 (2012 Series) Subject: Review of the policy on Foreign Direct Investment- liberalization of the policy in Single-Brand Retail Trading. 1.0 Present … Continue reading →

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Documents required for Registration of Service Tax

Posted on December 19, 2011 by Mukesh Goel

  F. No. 137/120/2011 – Service Tax Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) New Delhi dated the 13th December 2011 ORDER NO. 2 /2011 – Service Tax In exercise of the … Continue reading →

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Correction in TDS Challan

Posted on December 7, 2011 by Mukesh Goel

 Correction in TDS Challan  NSDL receives tax collection data as uploaded by the bank. NSDL is not authorized to carry out any changes in the data sent by the bank to TIN. The fields that can be corrected by the … Continue reading →

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Service Tax on Sale of SIM Cards

Posted on December 4, 2011 by Mukesh Goel

The disputes over the chargeability of Service Tax or Vat on the sale of SIM Cards have come to an end by virtue of the judgment by “Honorable Supreme court in case of Idea Mobile Communication Ltd. versus C.C.E & … Continue reading →

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Deregulation of Savings Bank Deposit Interest Rate

Posted on November 25, 2011 by Mukesh Goel

RBI/2011-12/ 281 UBD.BPD.(PCB)CIR No. 13 /13.01.000/2011?12 November 25, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate Please refer to our circular No.UBD.BPD.(PCB)CIR No.45/13.01.00/2010-11 dated May 3, 2011 enclosing a … Continue reading →

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DUE DATE OF FILING SERVICE TAX RETURN EXTENDED FROM 25-10-2011 TO 26-12-2011

Posted on October 21, 2011 by Mukesh Goel

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 … Continue reading →

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RBI liberalises Forex Facilities for Individuals

Posted on September 28, 2011 by Mukesh Goel

The Reserve Bank of India has further liberalised foreign exchange facilities for individuals under the Foreign Exchange Management Act, (FEMA) 1999. The facilities are: 1. NRIs can be Joint Holders in Resident’s SB/EEFC/RFC Accounts Individual residents in India are now … Continue reading →

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External Commercial Borrowings – Simplification of Procedure

Posted on September 16, 2011 by Mukesh Goel

RBI/2011 -12/169 A. P. (DIR Series) Circular No. 11 September 07, 2011 To All Category – I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings – Simplification of Procedure Attention of Authorized Dealer Category-I (AD Category-I) banks is invited … Continue reading →

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New Guideline for banks’ customer service

Posted on September 9, 2011 by Mukesh Goel

AT a recent conference of Banking Ombudsman held in RBI, it was decided, among others, that:- Banks should issue tax deduction at source (TDS) certificates duly completed in all respects to the account holders and despatch it to their mailing … Continue reading →

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Service Tax on fees charged for issuance of Country of Origin Certificate

Posted on August 30, 2011 by Mukesh Goel

Government has authorized Chambers of Commerce, Export Promotion Councils (EPC), some Trade Associations to issue Country of Origin Certificate i.e. COOC. It is useful document in Import-Export Trade. This certificate indicates that the goods, which are being exported, are actually … Continue reading →

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