Service Tax on the services provided by Government

The word “Support Services” was substituted with all services vide The Finance Act 2015, which was  made effective from 01.06.2015. However, effective date of amendment of the section was notification w.e.f. 01.04.2016 thereby all services provided by the Government is subject to service tax on reverse charge basis. In my article published in our Bulletin […]

Textile sector gets Rs 6K-cr package

Union Cabinet on Wednesday cleared a Rs 6,000 crore special package for the sector. The move, according to the government, would create 1 crore new jobs in three years, in addition to attracting investments of $11 billion and generating $30 billion in exports.

Non Deduction of Tax – NOTIFICATION NO. No.47 /2016, DATED: 17-06-2016

In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961) and in supersession of the notification of the Government of India, Ministry of Finance (Department of Revenue) number S.O. 3069 (E) dated 31st December, 2012, published in the Gazette of India, Extraordinary, Part II, Section […]