Author Archives: Mukesh Goel

Leviability of service tax on toll fee

Circular No. 152/3 /2012-ST, Dated- 22 February, 2012 Subject: Toll in the nature of ‘user charge’ or ‘access fee’ paid by roads users – regarding. A representation has been received by the Board, seeking clarification regarding leviability of service tax … Continue reading

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Update your IEC Record

In View of Public Notice No. 84/2009-2014 (RE-2010) Complete PAN details, Telephone Numbers, Email IDs, and Mobile Number (of the Signatory of the ANF2A)have been made mandatory fields; while Alternate Email ID, Website Address are optional. This is required to facilitate updating … Continue reading

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ESTABLISHMENT OF PROJECT OFFICES IN INDIA BY FOREIGN ENTITIES

ESTABLISHMENT OF PROJECT OFFICES IN INDIA BY FOREIGN ENTITIES – CLARIFICATION ON GENERAL PERMISSION A.P. (DIR SERIES 2011-12) CIRCULAR NO. 76, DATED 9-2-2012 Attention of the Authorised Dealer Category – I (AD Category – I) banks is invited to Regulation … Continue reading

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FDI in Single Brand Retail Trading

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

  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

 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

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

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

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

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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