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Archive for December, 2008

Exporters can get service tax refunds in a month

Exporters can now get their service tax refunds much faster thanks to simpler norms. The Central Board of Excise and Customs (CBEC) has further relaxed the procedures for refund of tax paid on specified services used for export of goods. The board has directed its field officials to pay refund claims in 30 days. Even […]

NASSCOM award for Gujarat VAT e-governance project

The Gujarat government has got NASSCOM award for best e-governance in Value Added Tax(VAT) system. Under this system the government has introduced e-filing of returns, e-payment, e-registration and e-refund besides other facilities. The award has been given for “ Best IT adoption through e-governance Print this page

RBI’s Growth Stimulus

Press Release : 2008-2009/842 dtd. 6-Dec-08 PDF Document Print this page

Revision of Excise and Customs Duty Rates and Service Tax Refund to exporters

Through GOI – Press Release dtd. 7-Dec-08 To provide a fiscal stimulus to the economy through stimulation of demand and relief to the manufacturing sector, Government has carried out certain changes in Excise and Customs duty rates. Some changes have also been made in respect of Service tax refund scheme for exporters. The details of […]

Scrutiny of 2007-08 returns to take place in current fiscal

In a major departure from the usual practice, the Central Board of Direct Taxes (CBDT) has issued directions that scrutiny of the self-assessment returns filed by September 30, 2008 for the financial year 2007-08 will be taken up in the current fiscal. Fall in tax revenues and failure of many companies to pay their dues […]

Further Extension of due date for filing GVAT Audit Report for F.Y. 2007-08

In a Notification dtd. 2-Dec-2008, the due date for Filing of GVAT Audit Report u/s 63 of the Gujarat Value Added Tax Act, 2003 for the financial year 2007-08 has been further extended to 12-Jan-2009. Print this page