Service Tax NEW ST-3 for April to June 2012 made Available + Free Excel Utility

Service Tax NEW ST-3 for April to June 2012 made Available + Free Excel Utility Posted: 22 Oct 2012 07:35 PM PDT Modified version of the Service Tax Return (ST3) for the quarter Apr-Jun,2012 is now available for uploading to ACES .It is available in 'DOWNLOADS' section in offline version only and not online version. In view of the implementation of the Negative List concept in Service Tax with effect from 1st... Draft Bank Branch Auditors' Panel for the year 2012-13 Posted: 22 Oct 2012 06:43 PM PDT This has reference to your application for the multipurpose panel for the year 2012-13. Please click on the relevant interval to know your category in the subject Panel. MEF00001 to MEF10000 MEF10001 to MEF20000 MEF20001 to MEF30000 MEF30001 to MEF40000 MEF40001 onwards In case you are not... Glaxosmithkline Transfer Pricing Case Explained Posted: 22 Oct 2012 10:25 AM PDT Recently on 18th October 2012, The Supreme Court of Canada gave its decision on the case of Majesty of Queen vs Glaxosmithkline Inc. Many Transfer Pricing Professionals had keen eye on this case as it involved huge stakes & would also serve as Benchmark cases for other Transfer Pricing Cases... Pivot Tables – Excel Tool for Data Analysis Posted: 22 Oct 2012 09:49 AM PDT As we are all aware excel is widely used for accounting and financial purposes.In the past they were used only to perform basic moths, such as adding, multiplying, subtracting and dividing. Today's spreadsheets can be significantly different and far more advanced. A CA office cannot work without... Taxability of Sugar Manufactured by Sugar Co Operatives – Section 80P(2)(a)(iii) Posted: 22 Oct 2012 09:14 AM PDT The Hon.Supreme Court in the case of Assam Co-operative Apex Marketing Society Ltd. v. CIT [1993] 201 ITR 338 wherein the Society engaged in marketing of agricultural produce of its members also had other co-operative societies as its members. Since the agricultural produce marketed by the Society... Service tax return due date extended to 25th November 2012 Posted: 21 Oct 2012 10:06 PM PDT The Revenue Department has extended the deadline by one month to November 25 for filing of service tax returns for the April-June quarter, as it has not been able to provide electronic return form in time. The earlier last date to file the return was October 25. DRT has no jurisdiction to issue Certificate of Recovery against the Guarantor Posted: 21 Oct 2012 10:03 PM PDT It is respectfully submitted that the recovery proceedings against the Guarantor before hon'ble Debts Recovery Tribunal under section 19 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (hereinafter 'the Act') are absolutely unlawful. DRT has no jurisdiction to proceed... Income Tax Refund Declines to 46K Crore from 60K Crore Posted: 21 Oct 2012 10:01 PM PDT The Income Tax refunds during the first half of current financial year have come down to Rs 46,000 crore from Rs 60,000 crore in the same period last year. Non-life insurance companies demand relaxation from MAT Posted: 21 Oct 2012 07:20 PM PDT . Some of the participating CEOs raised tax related issues including non-applicability of MAT for non-life insurance sector at par with life insurance companies and zero rated service sector on crop insurance, tools, senior citizen policy, RSBY and other exempt categories. Facilities for Persons Resident outside India – FIIs Posted: 21 Oct 2012 07:16 PM PDT As per the extant guidelines, only designated branches of AD Category I banks maintaining accounts of FIIs are allowed to act as market makers to FIIs for hedging their currency risk on the market value of entire investment in equity and/or debt in India as on a particular date.