Posted on Feb 03, 2016 By: Team STO
Construction Services: Board Takes a U-Turne.
The Ministry of Finance has set up a High Level Committee (HLC) to interact with trade and industry and ascertain areas where clarity on tax laws is required. Now this HLC has pointed out that there is a divergence of view between the Education Guide released in June 2012 and the CBEC Circular No. 151/2/2012-ST dated 10.2.2012 on how flats handed over to land owners are to be valued for the purpose of levy of service tax. .........View More
Posted on Jan 20, 2016 By: Team STO
Speedy Transfer of Refund/ Rebate.
With the growth of information technology paper work has reduced immensely. But this does not apply to the working of refund/rebate in the Central Excise Department which entails paper work, manpower deployment by the claimants and overall delay. Presently, manual procedure is followed for payment of refund/rebate in case of over/ despatch of cheques for payment which are sent. .........View More