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Old 03-14-2017, 09:42 AM
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Shilparana Shilparana is offline
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Join Date: Sep 2014
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Default Latest India Tax News 14 March 2017

1. CBDT rolled out Prosecution Module under Income Tax Business Application.
2. No GST on Education & Health Care provided by Government or its Authority, Local Authority (Schedule IV). Those provided by others may attract GST.
3. Parliament passes Maternity Benefit Bill to provide 26-weeks paid leave, creche in office, to be effective once the President gives his assent.
4. Royalty and fee for technical assistance paid in pursuance of the license agreement are revenue expenditure and not capital in nature CIT, Noida Vs H-One India Pvt. Ltd. (2017 (3) TMI 396 - Allahabad HC).
5. The clearances to 100% EOU is to be treated as export - Refund of accumulated CENVAT credit availed on input services allowed - CCEC&ST Vs Nash Ind. India Pvt. Ltd. (2017 (3) TMI 351 - CESTAT Bang.).

 


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