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Tuesday, 31 July 2012

LIST OF SUPERINTENDENTS AND INSPECTORS


Pursuant to issuance of Trade Notice No.4/2012, Dated 30/7/2012, the List of Superintendents and Inspectors posted to their respective Service Tax, Surat- I Commissionerate.

https://docs.google.com/presentation/d/1cUObbrAh1RgslqTsNaISLWhnFWhTjDCx82UemncyRQI/edit#slide=id.p



REORGANIZATION OF SERVICE TAX FORMATIONS IN SURAT-1 COMMISSIONERATE


 TRADE NOTICE NO.04/2012, DATED 30-07-2012
With the implementation of new system of ‘Negative List’ of taxation in Service Tax, the Service Tax formations in the Surat- 1 Commissionerate are being re-organized, and the existing practice discontinued. The earlier set-up of Service wise Groups is being replaced by territorial administration of the Service Tax. The new Service Tax Units having Geographical/ Territorial jurisdiction similar to that of corresponding Central Excise Ranges are being formed under the respective Central Excise Divisions. Thus, the five Central Excise Divisions would, in addition to the existing Central Excise Ranges, would have equal number of Service Tax units (STUs) having its jurisdiction similar to that of corresponding Central Excise Ranges. The Divisional Deputy/ Assistant Commissioner, Central Excise will supervise the Service Tax (STUs) in their respective jurisdictions and will work under Additional Commissioner (Service Tax) so far as Service Tax matters are concerned. 

https://docs.google.com/presentation/d/1cXGSmxq6q2-qLq2h75NlcH9NromDt4Zf9CJjQwdxfJU/edit#slide=id.p





DUE DATE OF INCOME TAX RETURN FILING EXTENDED TO 31ST AUGUST 2012 FOR AY 2012-2013


The 'due date' of filing of returns of income for the Assessment Year 2012-13 to 31st August 2012 in respect of assessees who are liable to file such returns by 31st July 2012 as per provisions of section 139 of Income Tax Act, 1961.

Read more
http://www.incometaxindia.gov.in/archive/BreakingNews_Section119_31072012.pdf

Monday, 23 July 2012

NOTHING IS CERTAIN BUT DEATH AND TAXES


The topic deals with the tax liability after death of an individual. Unlike normal circumstances there may be certain circumstances under which it may not be possible to either impose or collect tax from a person such cases are governed by Chapter XV of the Income Tax Act, 1961 which lays down the liability of various persons who may be liable to tax on such incomes.

Wednesday, 11 July 2012

FLOW CHARTS ON POINT OF TAXATION

 Point of Taxation means the point of time with respect to which the payment of service tax to the Government account is due. Rule 2(e) of the Point of Taxation, 2011 defines "Point of Taxation" means the point in time when a service shall be deemed to have been provided. For better understanding of Rules 3,4,5 and 7, provisions of the respective rules are presented in flowchart.

https://docs.google.com/presentation/d/1CHweF4ScNPGBSc7KsQDu1Qy-6o9Wm7PRj-G9Yq2nuMc/edit?pli=1#slide=id.p