Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: due date for vat payment :: ACCOUNTING STANDARD :: TDS :: form 3cd :: Central Excise rule to resale the machines to a new company :: cpt :: VAT RATES :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ACCOUNTING STANDARDS :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4%
 
 
Customs and Excise »
 Man fleeing from Customs arrested
 Refund of amount on account of double-payment of Customs
 SC paves way for trial against RIL in 1987 excise evasion case
 GST: Govt sets up panel to receive profiteering complaints
 IGST on high-seas sale of imports is levied only during customs clearance
 Central Excise Rules, 2017 – Part II
 Central Excise Rules, 2017 – Part I
 Allocate the charges amongst the Members of the Central Board of Excise and Customs
  Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 4 new members appointed in Central Board of Excise and Customs
 Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.

CBEC clarification useful, but still not sufficient
May, 23rd 2011

The exemption to service tax on services provided to Special Economic Zone (SEZ) developers/units has always posed some difficulty or the other. The Central Board of Excise and Customs (CBEC) has now come out with a fresh set of clarifications but whether SEZ units and developers will get refunds quickly is a matter of doubt.

To give some background, the finance ministry issued notification no. 17/2002-ST dated 21.11.2002, granting exemption from service tax on services provided to SEZ units/developers but it did not work out satisfactorily, as it prescribed that a committee headed by a chief commissioner should authorise the services to be provided.

A fresh notification no. 4/2004-ST dated the 31.03.2004 also did not work well, because it implied evidence had to be presented of consumption of services in the SEZ.

The next notification no. 9/2009-ST dated 3-3-2009 prescribing that SEZ developers/units must first pay the tax and then claim refund was amended on May 20, 2009, to provide unconditional exemption to services consumed within the SEZ without following the refund route.

It limited exemption by way of refund to situations when only the taxable services provided to SEZs were consumed, partially or wholly outside it.

For more information click below

Source:http://www.business-standard.com/india/news/cbec-clarification-usefulstill-not-sufficient/436492/

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions