February 2009

Last Date for obtaining Forms C, F & H as per CST Rules for period upto 30-Jun-08

February 28, 2009

In our earlier Office Update, we had informed you that the last date for application to obtain various declaration forms viz. ‘C’,’F’ & ‘H’ under CST Rules for the period upto 30-Jun-2008 was 15/09/2008. In a recent Circular, the Department has extended the date upto 16/03/2009. Dealers who desire to

Submission of obtained Form C, E1, E2 , F & H as per Rule 12(7) of CST Rules for the Year 2006-07

February 28, 2009

Gujarat VAT & CST

In a recent Public Circular vide No.Gujka: VAT-6/ 08-09/Ja-68/61 dt.19/02/2009 the Commercial Tax Department has called for details of Declaration forms pertaining to F.Y. 2006-07 from all dealers to whom the notice for assessment is not issued. The summary of the circular is as follows: The dealer to whom notice

Stimulus III – Tax Measures

February 25, 2009

Income Tax·Service Tax & CBEC

In the Interim Budget 2009-10, the hon’ble finance minister Mr. Pranab Mukherjee had quoted “constitutional propriety

Interim Budget 2009-2010 – the story of misses

February 18, 2009

Gujarat VAT & CST·Income Tax·Service Tax & CBEC

The interim budget presented on Monday by the acting finance minister Mr. Pranab Mukherjee lived up to its billing as a poll-eve document listing UPA government’s track-record on the economic front in the last five years. However, with propriety as his hackneyed watchword, the FM however, failed to address the

The Value of ‘Other People’s Money’

February 18, 2009

Miscellanea

SOME things never change. When President Obama spoke last week of “shameful

Tax benefit brings Gujarat back in favour with drug cos

February 5, 2009

Miscellanea

Gujarat, the traditional centre of gravity of the pharma business in India that had lost out to states such as Himachal Pradesh, Goa, and Uttarakhand in the past few years, is regaining lost ground on the strength of tax cuts announced in last year’s budget. Pharma firms, including around 100

Special Economic Zones & Service Tax – Issues & Implications

February 5, 2009

Service Tax & CBEC

Since the provisions of the SEZ Act and the said notification No 4/ 2004-ST are inconsistent, the provisions of the SEZ Act would prevail in terms of section 51 of the SEZ Act. Accordingly, the services provided to SEZ developers or units shall be exempt from payment of service tax

No need for proof to claim LTA, conveyance: SC

February 4, 2009

Income Tax

EMPLOYERS, while assessing the conveyance, and leave and travel allowance (LTA) claims of their staff, are under no statutory obligation to collect supporting evidence and furnish them to the tax authorities, the Supreme Court said on Wednesday. A bench comprising Justice SH Kapadia and Justice Aftab Alam said assessee employers

Last Date for obtaining Forms C, F & H as per CST Rules for period upto 30-Jun-08

Submission of obtained Form C, E1, E2 , F & H as per Rule 12(7) of CST Rules for the Year 2006-07

Stimulus III – Tax Measures

Interim Budget 2009-2010 – the story of misses

The Value of ‘Other People’s Money’

Tax benefit brings Gujarat back in favour with drug cos

Special Economic Zones & Service Tax – Issues & Implications

No need for proof to claim LTA, conveyance: SC

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