The Reader

From: Pradeep jain <pjainp68@yahoo.com>
Subject: [aurangabad_ca] Weekly News Letter dated 26.12.09
To: ALWAR_CHARTERED_ACCOUNTANTS@yahoogroups.com, amresh_vashisht@yahoo.com, aurangabad_ca@yahoogroups.com, "Agra Ca yahoo group" <agracagroup@yahoogroups.com>, "Ashwin Nagar" <ashwinnagar@yahoo.com>, "Bhilai_Ca yahoo group" <bhilai-ca@yahoogroups.com>, casofpune@yahoogroups.com, "CA association yahoo group" <caassociation@yahoogroups.com>, "Chartered_accountant" <Chartered_accountant@yahoogroups.com>, "jaipur ca yahoo group" <Jaipur_CA@yahoogroups.co.in>, "lucknow_ca yahoogroup" <lucknow-ca@yahoogroups.com>, "mera consultant yahoogroup" <meraconsultant@yahoogroups.co.in>, "net4 ca yahoo group" <net4ca@yahoogroups.com>, "next deneration yahoo group" <NEXTGEN-CA@yahoogroups.com>, "Nitin Pathak" <canitinmpathak_india@yahoogroups.com>, "punjab yahoo group" <punjab-ca@yahoogroups.com>, "Ghaziabad yahoo group" <ghaziabad_ca@yahoogroups.com>, "Give facts fin_ACCts yahoogroup" <givefactsFin_Accts@yahoogroups.co.in>, "globalindiaCAs" <GlobalIndianCAs@yahoogroups.com>, "hyderabad yahoo group" <icaihyd@yahoogroups.com>, "icai group" <ICAI_CIRC_MEERUT_CA@yahoogroups.com>, "tax fin soft yahoo group" <TaxFinSoft@yahoogroups.com>, "taxonclick yahoo group" <taxonclick@yahoogroups.com>, ThaneCAs@yahoogroups.com, "SolapurCAs yahoogroup" <SolapurCAs@yahoogroups.com>, "SuratcityCA" <SURATCITYCA@yahoogroups.com>
Date: Wednesday, 30 December, 2009, 12:14 AM

 

Dear Professional Friends,

We are enclosing herewith the weekly newsletter dated 26.12.2009 for your ready reference.

Your comments/suggestion s/queries are most welcomed to us.

With Regards,

CA Pradeep Jain  (F.C.A.)

Your Need Our Concern…

Head Office Address: "Sugyan",  H - 29, Shastri Nagar,  Jodhpur - 342003     Visit us at: www.capradeepjain. com

Branch Office Address: 1008, Sukh Sagar Complex, Near Fortune Landmark Hotel, Usmanpura, Ashram Road, Ahmedabad-380013   Mail us at: Pradeep@capradeepja in.com

                            

Respected Sir/Madam, In this newsletter, we summarize the important amendments, Case laws and current issues in the field of indirect taxes of the past week. We hope this newsletter help you to abreast of all the latest happening in the indirect tax discipline and information needs. We look forward for your feedback at pradeep@capradeepja in.com. Publish Date:26/12/2009 PJ/Weekly Newsletter/2009- 10/036 Tickers Subject News • New software ACES launched in Surat-I and II • PM panel for one GST slab at central level • Scindia heads panel on transaction cost for exporters • State FMs' panel wants purchase tax merged with GST • Raise customs duty on Chinese steel imports • Implementing a destination- based GST could be complex • Recommendation of GST task force • Permission for export of edible oil in small consumer packs (See in DGFT) • Clarification regarding refund of service tax paid on foreign agent commission by exporters (See in What's New) • CBEC clarifies on service tax valuation issues relating to CHA Service (see Circular in What's New) • Draft Circular regarding "Regulation for Courier imports and exports" are invited from all concerned by 05.01.2010 has been issued for taking comments/feedback (See in What's news) Corporate News • Government auditor can become CA by passing only final examination, given exemption from CPT/ IPCC • Punjab challenged tax concession for industrial undertaking in Jammu and Kashmir, Himachal Pradesh and Uttarakhand Index Amendments • Central Excise • Customs • DGFT Weekly Updates • PJ/Weekly Updates/2009- 10/37 Articles • Inter-state transactions: Far from solutions! Case Laws • PJ/Case Laws/09-10/24 Case Study • PJ/CASE STUDY/2009-10/ 024 Event Calendar • 30/12/2009 - GAR -7 • 05/01/2010 - GAR - 7 • 05/01/2010 - GAR - 7 • 05/01/2010 - GAR - 7 Gallery • Article " Inter-state transactions : far from solutions" published on Taxindiaonline. com • Article " Drunken exemption to alcoholic beverages" published on Taxguru.in • Article " Drunken exemption to alcoholic beverages" published on Taxmanagementindia. com • Article " Drunken exemption to alcoholic beverages" published on CAStudentsForum. in • Article " Drunken exemption to alcoholic beverages" published on Forum4Finance. com • Article" Drunken exemption to alcoholic beverages" published on CAalley.com • Article " Drunken exemption to alcoholic beverages" published on CAclubindia. com   Amendments Central Excise   CIRCULARS   • CBE & C Instructions F. No. 267141/2009- CX.8, Dated: 07/12/2009   Levying of duty on Capital goods cleared after being put into use for over 10 years  Read More     • 908/29/2009- CX, Dated: 23/12/2009   Clarification regarding peripheral activities for Area Based Exemption notification Nos. 49 & 50/2003-CE, both dated 10.06.2003 as amended by notification No. 01/2008-CE dated 18.01.2008.  Read More   Customs   TRARIFF   • 142/2009-Cus, Dated: 21/12/2009   Anti dumping duty on Flax Fabric originating in, or exported from, People's Republic of China and Hong Kong has imposed   Read More     • 143/2009-Cus, Dated: 22/12/2009    Regarding anti dumping duty on Sodium Nitrite originating in, or exported from, People's Republic of China  Read More     • 144/2009-Cus, Dated: 23/12/2009   Regarding anti dumping duty on Cathode Ray Colour Television Picture Tubes originating in, or exported from Malaysia, Thailand, China PR and Korea RP  Read More     CIRCULARS   • Draft circular - F.No.450/54/ 2008-Cus. IV   Regulations for Courier imports and exports through electronic declaration and processing in specified Customs stations – regarding.  Read More   DGFT   NOTIFICATIONS   • 22(RE-2009)/ 2009-14, Dated: 23/12/2009   Prohibition on import of milk and milk products from China.  Read More       Weekly Updates • PJ/Weekly Updates/2009- 10/37   Gist of all the amendments made during the week  Read More   Articles • Inter-state transactions: Far from solutions!   THE famous Hindi proverb (The disease increases as and when the treatment is undertaken) applies to interstate transactions. These interstate transactions has become non curable disease for the Centre. In the present scenario VAT is levied on transactions pertaining to sale of goods within the state wherein the credit of VAT paid by the buyer is allowed to him, which he can utilize for discharging his output VAT liability... ...  Read More   Case Laws • PJ/Case Laws/09-10/24   Recent Case Laws relating to Excise, Customs, Service Tax and DGFT  Read More   Case Study • PJ/CASE STUDY/2009-10/ 024   The definition of "Input services" under the Cenvat Credit Rules, 2004 has been a matter of litigation between the department and the manufacturers. In the earlier case study of Coca Cola India Pvt. Limited, we have brought that the Hon'ble High Court has given a very liberal interpretation of definition of input services and allowed the credit on any expenditure of business.........  Read More   Event Calendar • 30/12/2009 - GAR -7   Payment of Central Excise Duties for the previous month - For non SSI Units (6th in case of electronic payment) Central Excise Provision: Rule 8       Click to download Form: GAR - 7    Read More • 05/01/2010 - GAR - 7   Challan for payment of Service Tax for assessees other than individual, Proprietorship Firm and Partnership Firm (6th in case of electronic payment). Service Tax Form: GAR - 7 Provision: Rule 6          Read More • 05/01/2010 - GAR - 7   Payment of Central Excise Duties for the previous month - For non SSI Units (6th in case of electronic payment)   Central Excise Form: GAR - 7 Provision: Rule 8  Read More • 05/01/2010 - GAR - 7   Challan for payment of Service Tax for the Quarter (October, 2009 to December, 2009) for Individual, Proprietorship Firm and Partnership Firm (6th in case of electronic payment)   Service Tax Form: GAR - 7 Provision: Rule 6  Read More   www.capradeepjain. com If you wish to unsubscribe this newsletter click here Disclaimer: This newsletter exists for informational purposes only. It is authored and published independently from www.capradeepjain. com. The purpose and intent of this newsletter is not and should not be construed as legal or tax advice. Use of the information and data contained in this News letter is at your sole risk. The information and data herein is provided without warranty of any kind and is subject to change without any prior notice and/or intimation. www.capradeepjain. com disclaims all liabilities arising out of material contained on this News letter and on its associated/linked web Pages.

 

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