Archive for June, 2016
Download Draft Model of GST Law
Download Draft Model of GST Law Print this page
Equalisation Levy of 6% on e-commerce transactions applicable from 1-Jun-2016
[By Shaleen Shah (Partner), VNCA] We had informed you earlier that based on the recommendations a CBDT committee on taxation of e-commerce, Finance Minister Arun Jaitley had in his Budget proposed an Equalisation Levy of 6% to tap tax on income accruing to foreign e-commerce companies from India. Budget-2016 has been enacted on 14-May and […]
Service Tax Department cannot conduct audit under Rule 5A(2)–Delhi High Court
[By Shaleen Shah (Partner), VNCA] It is a general practice of Service Tax Department to conduct audit of service tax assessees for last five years by deputing their own officers of the rank of Inspectors and Superintendents. Service Tax Department also seeks voluminous details and seeks information in self-specified format/annexures of about 32 pages, which […]
