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
Latest Expert Exchange
Service Tax »
 Timeline for issuance of tax return intimation is 12 months
 How to save income tax via medical expenditures under sections 80D, 80DD, 80DDB, 80U
 4 Tips to protect yourself against tax return fraud this year
 Companies with high input tax claims under lens
 Goods and services tax rate cut a conundrum?for realty?developers
 No marginal relief for taxpayers whose taxable income exceeds Rs 5 lakh
 Did you not file? Know exactly how much penalty you will have to pay
 Your salary structure decoded - Know how much you can save on taxes
 How did Netflix get away with not paying income tax in 2018?
 Paying income tax does not grant relief from Goods and Service Tax
 Want to reduce your taxable income to Rs 5 lakh? Here's a list of all deductions you can claim

Traders not for service tax audit
June, 18th 2016

Local traders have urged the commissioner of the Central Board of Excise and Customs (CBEC) to stop the ongoing audit of service tax in Ranchi zone following a Delhi high court order of June 6. The court had declared central excise and service tax audit manual as illegal.

"The court said the manual issued do not have any statutory backing (and) hence audit undertaken by officers of the service tax department is not legally justified," said Singhbhum Chamber of Commerce and Industry (SCCI) in a letter faxed to the Ranchi zone tax commissioner. In its judgment, the court had quashed Rule 5A(2) that is related to the manual issued by the Directorate General of Audit of the CBEC.

"It is clear from the Delhi court's judgment that the audit conducted or to be conducted by service tax officers of the service tax assessee are not legally justified and valid," said SCCI general secretary Prabhakar Singh. He added that the industry feels service tax providers/recipients are harassed during the audit on the pretext of verification of records and suffer from vice of excessive delegation.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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