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Focus On Vital Taxtaion Update

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  • Focus On Vital Taxtaion Update

    Today (07-01-2014) is last date for deposit of TDS / TCS for December, 2013.

    Existing unit in Jammu and Kashmir which has availed of excise duty exemption under Notification No.56/2002-CE and 57/2002-CE, both dated 14-11-2002 by way of substantial expansion can avail of excise duty exemption under Notification No.1/2010-CE, dated 06-02-2010 again by way of second substantial expansion so long as it satisfies the conditions stipulated under Notification No.1/2010-CE, dated 06-02-2010.

    The Delhi High Court has delivered a judgement in the case of Association of Unified Telecom Service Providers of India Versus Union of India and others on the powers of CAG to audit the revenues of Private Telecom Companies flowing to the Consolidated Fund of India if government revenue is in question.

    DGFT amends procedure for issue of Registration Certificates for export of various commodities. This was made mandatory with effect from 01-07-2013. After filing online applications, exporters are required to furnish printout of the application submitted online alongwith hard copies.
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