SERVICE TAX SWACHH BHARA CESS TO BE INTRODUCED FROM 15 NOVEMBER 2015 AT 0.5%

Ministry of Finance Department of Revenue Central Board of Excise and Customs (CBEC)  has issued the Notification for date and rate of Swachh Bharat Cess from 15th November 2015 at .5% on value of taxable services. So from 15th Nov 2015 Service Provider has to charge 14% Service Tax and .5% Swachh Bharat Cess on value of taxable services

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

New Delhi, the 6th November, 2015

 

Notification No. 22/2015-Service Tax

G.S.R. —(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) read with sub-section (5) of section 119 of the Finance Act, 2015 (20 of 2015), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all taxable services from payment of such amount of the Swachh Bharat Cess leviable under sub-section (2) of section 119 of the said Act, which is in excess of Swachh Bharat Cess calculated at the rate of 0.5 percent. of the value of taxable services:

Provided that Swachh Bharat Cess shall not be leviable on services which are exempt from service tax by a notification issued under sub-section (1) of section 93 of the Finance Act, 1994 or otherwise not leviable to service tax under section 66B of the Finance Act, 1994.

This notification shall come into force from the 15th day of November, 2015.

 

Extension of Due Date of Returns of Income and Audit reports u/s 44AB to 31st Oct 2015

Central Board of Direct Taxes (Income Tax Dept) has extended the due date of Filing Income Tax Return and Audit Report from 30th Sept 2015 to 31st Oct 2015.

F.No.22S/207 /201S/1T A.II

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

North Block, ITA.rr Division

New Delhi dated the 1 st of October, 2015

Order under Section 119 of the Income-tax Act, 1961 In supersession of orders under Section 119 of the Income-tax Act, 1961 (‘Act’) dated 30th September, 20 15 vide file of even number, the Central Board of Direct Taxes, in exercise of powers conferred under Section 119 of the Act, hereby orders that the returns of income and audit reports u/s 44AB due for e-filing by 30th September, 20 15 may be filed, across the country, by 3 1 st October, 2015.

(Rohit Garg)

Deputy Secretary to the Government of India

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No Extension of Date for filing of Tax Audit Report and Returns Due by 30th September 2015

Central Board of Direct Taxes has issued the press release and clarified the doubts relating to the extension of time for filing of Tax Audit Report and E-Return filing by the Companies and the Tax Payer required to file return on or before 30th Sept 2015. CBDT has accepted that there was delay in issue of return by 4 months but considering no major changes in the ITR and TAR no extension is required and suggested that tax payer should be file ITR before due date to avoid last minute rush.

Income-tax returns for Assessment Year 2015-16 for certain categories of assessees viz companies, and firms, individuals engaged in proprietary business/profession etc whose accounts are required to be audited, are to be filed by 30th September, 2015. The audit report is also required to be filed by the said date. The Government has received representations from various stakeholders seeking extension of date for filing of returns and tax audit reports beyond 30th September 2015. The reasons cited are delay in notifying the returns and related delay in availability of forms on the e-filing website. The matter has been considered. Income-tax returns forms 3,4,5,6 and 7 which are used by the above mentioned categories of assessees were notified for Assessment Year 2015-16 on 29.07.2015. The forms were e-enabled and were available on the e-filing website of the Department from 7th August 2015 giving enough time for compliance. The changes made to these forms are not extensive as compared to the earlier years. Further taxpayers entering into either international transactions or specified domestic transactions are required to file their returns by 30th November 2015 only. After consideration of all facts, it has been decided that the last date for filing of returns due by 30th September 2015 will not be extended. Taxpayers are advised to file their returns well in time to avoid last minute rush.

DUE DATE FOR FILLING INCOME TAX RETURN FOR FY 2014-15 i.e. AY 2015-16 is 31st August 2015

CBDT has extended the due date for filing income tax return for FY 2014-15 i.e. AY 2015-2016 from 31st July 2015 to 31st August 2015. Due date is for all the assessee whose accounts are not required to be audited under this Act or under any other law for the time being in force. Again Same has been extended to 7th Sept for tax payers required to efile the return

Section 139: Income Tax Return 

(1) Every person,—

(a)  being a company or a firm; or

(b)  being a person other than a company or a firm, if his total income or the total income of any other person in respect of which he is assessable under this Act during the previous year exceeded the maximum amount which is not chargeable to income-tax,

shall, on or before the due date, furnish a return of his income or the income of such other person during the previous year, in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed :

In this sub-section, “due date” means,—

(a) where the assessee other than an assessee referred to in clause (aa) is—

 (i)  a company; or

(ii)  a person (other than a company) whose accounts are required to be audited under this Act or under any other law for the time being in force; or

 (iii) a working partner of a firm whose accounts are required to be audited under this Act or under any other law for the time being in force,

the 30th day of September of the assessment year;

(aa) in the case of an assessee who is required to furnish a report referred to in section 92E, the 30th day of November of the assessment year;

(b) in the case of a person other than a company, referred to in the first proviso to this sub-section, the 31st day of October of the assessment year;

(c) in the case of any other assessee, the 31st day of July of the assessment year.

F.No.225/154/201511TA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North Block, !TAM Division

New Delhi, the 10m June, 2015.

Order under section 119 of the Income-tax Act 1961

Subject:- Extension of due date of filing return of income for Assessment Year 2015-16 — regarding.
The Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961, hereby extends the ‘due-date’ for filing Returns of Income, in terms of clause (c) of Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961, for Assessment Year 2015-16 from 31 July, 2015 to 31 August, 2015 in respect of income tax assessees concerned.

(Richa Rastogi)
Under secretary to the Government of India Copy to:-
1. PS to F.M. / OSD to FM / PS to MOS(R) / OSD to MOS(R).
2. PS to Secretary (Revenue).
3. Chairperson (DT), All Members, Central Board of Direct Taxes
4. All PCCsIT / PDGsIT
5. All Joint Secretaries / CsIT, CBDT
6. Directors / Deputy Secretaries / Under Secretaries of Central Board of
Direct Taxes.
7. DIT (RSP&PR) / Systems, New Delhi, for appropriate publicity by
putting it on departmental website.
8. The C&AG of India (30 copies).
9. The JS & Legal Advisor, Ministry of Law & Justice, New Delhi
10. The DG, NADT, Nagpur
11. The Institute of Chartered Accountants of India, IP Estate, New Delhi-
110003
12. All Chambers of Commerce
13. CIT(OSD) Official Spokesperson of CBDT
1/4….,14( Addl. CIT, Data Base Cell for putting it on irsofficersonline.govin

 

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Process for Issue of Summons in Central Excise and Service Tax

Central Board of Excise and Customs (CBEC) has issued the guidelines on 20th January 2015 through circular No. 207/07/2014-CX-6 for issue of summons in Central Excise and Service Tax matters. As per Section 14 of Central Excise Act, 1944, summons can be used in an inquiry for recording statements or for collecting evidence/ documents. Summons can be issued by  Superintendents or higher authority but only after taking prior permission of  Assistant Commissioner or higher authority with reasons of summons recorded in writing. In case not able get written permission then telephonic permission is required & same should be reduced to writing and intimated to the officer.  The officer issuing summons should submit a report or should record a brief of the proceedings in the case file and submit the same to the  officer who had authorised the issue of summons. senior management officials such as CEO, CFO, General Managers of a large company or a PSU should not generally be issued summons at the first instance. They should be summoned only when there are indications in the investigation of their involvement in the decision making process which led to loss of revenue. Instruction has also been issued vide F. No. 137/39/2007-CX.4 dated 26.2.2007 in Service Tax matters. Board has already issued a circular vide F. No 208/122/89-CX.6 dated 13.10.1989 in respect of Central Excise

 

No. 207/07/2014-CX-6

Government of India

Ministry of Finance

Department of Revenue

Central Board of Excise and Customs

  New Delhi, the 20th January, 2015

 

To

 

Principal Chief / Chief Commissioners of Central Excise (All),

Principal Chief / Chief Commissioners of Central Excise of Central Excise & Service Tax (All),

Sub: Instructions regarding issue of summons in Central Excise and Service Tax matters – reg.

Madam/Sir,

It has been brought to the notice of the Board that in some instances, the summons under Section 14 of the Central Excise Act, 1944 have been issued by the field formations to the top senior officials of the companies in a routine manner to call for material evidence/ documents. Besides, summons have been issued to enforce recovery of dues, which are under dispute. As per Section 14 of Central Excise Act, 1944, summons can be used in an inquiry for recording statements or for collecting evidence/ documents. While the evidentiary value of securing documentary and oral evidence under the said legal provision can hardly be over emphasized, nevertheless, it is desirable that summons need not always be issued when a simple letter, politely worded, can also serve the purpose of securing documents relevant to investigation. It is emphasized that the use of summons be made only as a last resort when it is absolutely required.

On this issue, Board has already issued a circular vide F. No 208/122/89-CX.6 dated 13.10.1989 in respect of Central Excise. Instruction has also been issued vide F. No. 137/39/2007-CX.4 dated 26.2.2007 in Service Tax matters.

The following guidelines are being issued to be followed in both Central Excise and Service Tax matters:–

 

(i) Power to issue summons are generally exercised by Superintendents, though higher officers also issue summons. Summons by Superintendents should be issued after obtaining prior written permission from an officer not below the rank of Assistant Commissioner with the reasons for issuance of summons to be recorded in writing;

(ii) where for operational reasons it is not possible to obtain such prior written permission, oral/telephonic permission from such officer must be obtained and the same should be reduced to writing and intimated to the officer according such permission at the earliest opportunity;

(iii) In all cases, where summons are issued, the officer issuing summons should submit a report or should record a brief of the proceedings in the case file and submit the same to the  officer who had authorised the issue of summons.

Further, senior management officials such as CEO, CFO, General Managers of a large company or a PSU should not generally be issued summons at the first instance. They should be summoned only when there are indications in the investigation of their involvement in the decision making process which led to loss of revenue.

These instructions may be brought to the notice of all the field officers for strict compliance. Non observance of the instructions will be viewed seriously. Hindi version would follow.

 

 

Yours faithfully,

 

(ROHAN)

Under Secretary, (CX-6)

Custom Rate of Exchange of Conversion of the Foreign Currency on 31st March 2015

Custom exchange rates for 31st March 2015. CBDT has issue the rate of exchange of one unit of foreign currency equivalent to Indian rupees for different foreign currency like Australian Dollar, Bahrain Dina, Canadian Dollar, EURO, Hong Kong Dollar, Kuwait Dinar, New Zealand Dollar, Norwegian Kroner, Pound Sterling, Singapore Dollar, South African Rand, Saudi Arabian Riyal, Swedish Kroner, Swiss Franc, UAE Dirham, US Dollar, Japanese Yen (100 YEN), Kenya Shilling (100 Shiling).

Government of India Ministry of Finance Department of Revenue Central Board of Excise And Customs has issued the notification for exchange rate on 19th March 2015 Notification No.32/2015-CUSTOMS and updated on 25th March, 2015 Notification No. 33/2015. Exchanges Rates are updated on fortnightly basis.

S.NOForeign CurrencyRate of exchange of one unit of foreign currency equivalent to Indian rupees
For Imported
Goods
For Export
Goods
1Australian Dollar49.0047.75
2Bahrain Dinar170.55161.25
3Canadian Dollar50.2049.00
4Danish Kroner9.158.90
5EURO68.2066.50
6Hong Kong Dollar8.158.00
7Kuwait Dinar215.05203.05
8New Zealand Dollar47.2546.05
9Norwegian Kroner8.057.85
10Pound Sterling94.2092.10
11Singapore Dollar45.8544.75
12South African Rand5.305.05
13Saudi Arabian Riyal17.1516.20
14Swedish Kroner7.307.10
15Swiss Franc63.8062.30
16UAE Dirham17.5016.55
17US Dollar63.0062.00
18Japanese Yen (100 YEN)52.5551.35
19Kenya Shilling (100 Shiling)69.9566.00

Custom Rate of Exchange of Conversion of the Foreign Currency from 16th April 2015 and 30th April 2015

CBDT has issue the rate of exchange of one unit of foreign currency equivalent to Indian rupees for different foreign currency like Australian Dollar, Bahrain Dina, Canadian Dollar, EURO, Hong Kong Dollar, Kuwait Dinar, New Zealand Dollar, Norwegian Kroner, Pound Sterling, Singapore Dollar, South African Rand, Saudi Arabian Riyal, Swedish Kroner, Swiss Franc, UAE Dirham, US Dollar, Japanese Yen (100 YEN), Kenya Shilling (100 Shiling). Government of India Ministry of Finance Department Of Revenue Central Board Of Excise And Customs has issued the notification for exchange rate on 16th April 2015 and updated on 30th April 2015. Exchanges Rates are updated on fortnightly basis.

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS NOTIFICATION NO.38/2015-CUSTOMS (N.T.) AND Notification No. 41/2015 – Customs (N.T.)

S.NOForeign CurrencyRate of exchange of one unit of foreign currency equivalent to Indian rupees
For Imported
Goods
For Export
Goods
1Australian Dollar49.1047.85
2Bahrain Dinar170.40161.05
3Canadian Dollar51.5050.35
4Danish Kroner9.609.35
5EURO71.4569.70
6Hong Kong Dollar8.158.00
7Kuwait Dinar213.15201.00
8New Zealand Dollar48.1546.75
9Norwegian Kroner8.558.30
10Pound Sterling99.1596.95
11Singapore Dollar46.6545.55
12South African Rand5.355.05
13Saudi Arabian Riyal17.1516.20
14Swedish Kroner7.707.50
15Swiss Franc65.5564.00
16UAE Dirham17.5016.55
17US Dollar62.9561.95
18Japanese Yen (100 YEN)53.0551.85
19Kenya Shilling (100 Shiling)68.7564.95

Last Date for Service Tax Return for Half Year Ending 31 March 2015 (For Oct 2014 to March 2015)

Service Tax Return (ST-3)  for the half year  ending 31st March 2015 i.e. for period starting from October 2014 to March 2015 has been made available for e-filing by the assesses in both offline and  online version in ACES w.e.f 1st April, 2015. The last date of filing the ST-3 return for the said period is 25th April, 2015. Penalty for late filling is Rs 20,000/-

Service Provider can download the latest ST 3 Service Tax Half Yearly return for online filing of Service Tax return.  In case of any difficulty in accessing the ACES Application or in filing ST 3 returns, the assesses can seek help of the ACES Service Desk by sending e-mail to aces.servicedesk@icegate.gov.in or calling up national toll-free number 1800 425 4251.

Service Tax Return (ST-3) for the period from Oct’ 14 to March’15  is now  available for e-filing by the assesses. The last date for filing the returns for the said period is 25th April, 2015. The assesses can file return online or use the offline utility by downloading the latest version. Assessees are requested to file their returns in ACES well in advance to avoid rush and inconvenience at the last moment.

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Income Tax Department List of defaulters of Income Tax/Corporate Tax

Income Tax Department has issued the list of defaulters of Income Tax/Corporate Tax

Income Tax Defaulters list includes total of 31+18 = 49 Names which includes Individuals, HUF and Corporate Entities. List Includes 16 Individual and 33 Companies

LIST OF INCOME TAX DEFAULTERS(as published by Income Tax Department for details download full list given at the end)

S.NoCorporateIndividual
1KRR INFRA PROJECTS PVT. LTD. INDRAVARDAN V DARBAR
2DHARNENDRA INDUSTRIES LTD.DEVENDRA KANTILAL SHAH
3GUJARAT PIPES LTD.RAJNIKANT M DESAI
4UNITED CREDIT & INVESTMENTSGIRISH PRABHU DAS RUPAREL
5TOTEM INFRASTRUCTURE LTD.CYRIL RONALD RODRIGUES
6ROYAL FABRICS PVT. LTDKRUSHI VENKATESWARA RAO
7GENEX TECHNOLOGIES PVT. LTD.ZAKKI ABDUL HASSAN KHAN
8NANO EXCEL ENTERPRISES PVT. LTD.KHAN GARMENTS
9TAKSHEEL SOLUTIONS LTDBIJAPURAM MUKUND RAO
10GVS INFRA AND INDUSTRIES PVT  LTD.TUSHAR MUGATLAL SHAH
11RANKLIN SOLUTIONS LTD.BHARAT S. KHONA
12MDL TECHNOLOGIES PVT. LTDGOPAL KRISHNAJI DHARNE [Late] Legal Heir : Atul  Gopal Dharne (Son)
13INTERNATIONAL BUSINESS AND SERVICES NEEDS INDIA PVT. LTD.REETINDER SIDHU
14ORO TRADE NETWORK INDIA LTD.LAXMINARAYAN T. THAKKAR (HUF)
15HOME TRADE LTDATUL JASHVANTRAI MEHTA
16PAMIS TEX PVT. LTD.Late Shri. G. K. DHARNE
Legal Heir : Atul Gopal Dharne (Son)
17PATHEJA BROS. FORGINGS & AUTO PARTS MFG. CO. LTD.
18PATHEJA BROS FORGINGS & STAMPINGS LTD.
19BLUE INFORMATION TECHNOLOGY LTD.
20JUPITOR BUSINESS LIMITED
21HIRAK BIOTECH LTD
22ICON BIO PHARMA & HEALTH CARE LIMITED
[Formerly known as moon drugs limited]
23APPLITECH SOLUTIONS LIMITED
24BANYAN & BERRY ALLOYS LTD.
25SOMANI CEMENT CO. LTD. KHARSALIYA
26DIGITAL PC TECHNOLOGIES PVT.LTD
27GOLDSUKH TRADE INDIA LTD.
28VICTOR CREDIT & CONSTRUCTION PVT. LTD.
29NOBLE MERCHANDISE LTD.
30PROTECH INTRADE PVT. LTD.
31POONAM INDUSTRIES LTD.
32KUNVAR AJAY FOOD PVT. LTD
33VIRAJ DYEING & PRINTING PVT. LTD.

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New Service Tax Rate 14% +2% i.e. 12.36% to 14%+2% =16% New Effective Date and Rate

Ministry of Finance of has issued the clarification related to the applicability of the new service tax rate of 14%+2%(Swachh Bharat Tax) total of 16% and as per the circular new rate and its applicable date will be notified by the government after the enactment of the Finance Bill, 2015 i.e. after budget is passed by the parliament and assented by the President of India and possible date will be between 20th April to 25th April 2015 till then current rate of 12.36% will be applicable.

Circular No. 183 / 02 / 2015-ST

F. No. B-1 /1/2015-TRU
Government of India
Ministry of Finance
Department of Revenue
(Tax Research Unit)

***

Room No. 153, North Block, New Delhi.

Dated 10th April, 2015.

To
Chief Commissioner of Customs and Central Excise(All)
Chief Commissioner of Central Excise & Service Tax (All)
Director General of Service Tax
Director General of Central Excise Intelligence
Director General of Audit Commissioner of Customs and Central Excise (All)
Commissioner of Central Excise and Service Tax (All)
Commissioner of Service Tax (All) Madam/Sir,

Dear Madam/Sir,

Subject: Clarification on rate of service tax – regarding.

Doubts have been expressed in various forums regarding the proposed increase in the rate of service tax from 12.36% (including education cesses) to 14% on the value of taxable service.

2.         It may be noted that changes proposed in the Budget have/are coming into effect on various dates as already indicated in JS (TRU-II) D.O. letter dated 28th February, 2015. Certain amendments made in the Finance Act, 1994, including the change in service tax rate, will come into effect from a date to be notified by the Government after the enactment of the Finance Bill, 2015.

 3.        In this regard your attention is invited to clause 106 of the Finance Bill, 2015 and paragraph 3 of JS (TRU-II) D.O. letter, which  is reproduced below:-

“3. Service Tax Rate:

3.1       The rate of Service Tax is being increased from 12% plus Education Cesses to 14%. The ‘Education Cess’ and ‘Secondary and Higher Education Cess’ shall be subsumed in the revised rate of Service Tax. Thus, the effective increase in Service Tax rate will be from the existing rate of 12.36% (inclusive of cesses) to 14%, subsuming the cesses.

3.2       In this context, an amendment is being made in section 66B of the Finance Act, 1994. Further, it has been provided vide clauses 179 and 187 respectively of the Finance Bill, 2015 that sections 95 of the Finance Act, 2004 and 140 of the Finance Act, 2007, levying Education Cess and Secondary and Higher Education Cess on taxable services shall cease to have effect from a date to be notified by the Government.

3.3       The new Service Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015.

3.4       Till the time the revised rate comes into effect, the ‘Education Cess’ and ‘Secondary and Higher Education Cess’ will continue to be levied in Service Tax.”

4.         The paragraph reproduced above is self-explanatory and it is clear that the new Service Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015. The date will be notified in due course after the enactment.

5.         Similarly, certain doubts have been raised with regard to abatement on value of services provided in relation to serving of food or beverages by a restaurant, eating joint or a mess, having the facility of air-conditioning or central air-heating in any part of the establishment, at any time during the year. Valuation of services provided in relation to serving of food or beverages by a restaurant, eating joint or a mess is determined as provided in rule 2C of the Service Tax (Determination of Value) Rules, 2006.

5.1       In the Union Budget, 2015, no change has been made in these rules; therefore, any confusion is unwarranted. Further, as explained above, the rate of service tax on the specified portion of the amount charged for such supply which is 40% continues to be 12.36% (includingcesses) at present i.e. 4.944 %. The rate of Service tax, as discussed above, will continue unchanged till a date which will be notified in due course.

6.         Wide publicity may be given so that the assesses and public are aware of the above.  All the major Industry/Trade Associations may be informed accordingly.

 

Yours sincerely,

(Dr. Abhishek Chandra Gupta)

Technical Officer, TRU

Tel: 011-23095547