CBEC issues Clarification on Various issues relating to Service Tax VCES

Circular No.  170/5 /2013 - ST

Subject: The Service Tax Voluntary Compliance Encouragement Scheme - clarifications regarding.

             The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect from 10.5.2013. Some of the issues raised with reference to the Scheme have been clarified by the Board vide circular No. 169/4/2013-ST, dated 13.5.2013.  Subsequently, references have been received by the Board seeking further clarifications as regards the scope and applicability of the Scheme.

Clearance for Companies Bill, 2012 from Rajya Sabha

Rajya Sabha today passed the Companies bill, 2012. The bill was passed by the lower house in 2012. It was tabled in the upper house today and will bring international best practices to Indian businesses. 

The  new legislation will provide for class action lawsuit to be filed. The bill also stipulates a new company law tribunal to be set up.

DVAT - Date for filing of Return for 1st Quarter of FY 2013-14 extended till 29.08.2013

In partial modification to this department's Circular NO.7 of 2013-14 on the subject cited above, and in exercise of the powers conferred under Rule 49A of DVAT Rules, 2005, the last date of filing of return, excluding Annexure 2C and Annexure 20, for the quarter ending 30/06/2013 for dealers, including composition dealers, is extended to the following dates:

• Last Date for Filing Online Return - 29.08.2013
• Last Date for Filing of Hard Copy of Online Return - 31.08.2013

Procedure and criteria for selection of scrutiny cases under compulsory manual during the financial-year 2013-2014

In supersession of earlier instructions on the above subject, the Board hereby lays down the following procedure and criteria for manual selection of returns/cases for scrutiny during the financial-year 2013-2014:

2. The targets for completion of scrutiny assessments and strategy of framing quality assessments as contained in Central Action plan document for Financial Year 2013-2014 has to be complied with. It is being reiterated that all scrutiny assessments including the cases selected under manual criteria will be completed through AST system software only.

DVAT - Rate of VAT on cups/glasses of paper containing Printed Name

IN THE OFFICE OF COMMISSIONER

DEPARTMENT OF TRADE AND TAXES

GOVERNMENT OF N.C.T. OF DELHI

VYAPAR BHAWAN, NEW DELHI

No.336/CDVAT/2013/ 183

Dated: 18-7-2013

G.K. Malhotra

F-1/29 B, Hari Nagar,

New Delhi-110064

ORDER

Present for the Applicant : Sh. Jagmohan Singh, CA

Present for the Department : Sh. T.C. Sharma, Departmental Representative

The above named applicant filed an application on 24.5.2013 under section 84 of Delhi Value Added Tax Act, 2004 (hereinafter referred to as the “said Act”) and the question put up for determination under the aforesaid provision of law is as under: -

“What is the rate of DVAT on cups/glasses of paper containing printed name?”

DVAT - Filing of Stock Statement for Dealers having GTO less than 1 Crore extended till 19.08.2013

(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY)

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI

DEPARTMENT OF TRADE AND TAXES

VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002

No.F.7(433)/Policy-II/VAT/2012/Part File/565-576                                                 Dated: 02/08/2013

NOTIFICATION

In partial modification of Notification No.F.7(433)/Policy-II/VAT/2012/Part File/353-364 dated 28/06/2013, I, Prashant Goyal, Commissioner, Value Added Tax, in exercise of the powers conferred on me under sub-section(1) read with sub-section (3) of section 70 of Delhi Value Added Tax Act, 2004, do hereby extend the date for filing of stock statement in Form Stock-1 online for the stock available on 31st March, 2013 to the following date:

Due Date for Filing of Income Tax Return extended to August 5, 2013

The Government of India, in consultation with CBEC, has extended the deadline for filing of income tax returns to August 5, 2013 from July 31, 2013 set earlier.

"As a measure of taxpayers convenience, it has been decided to extend the due date of filing of returns from 31st July, 2013, to 5th August, 2013," the finance ministry said in a statement.

"Taxpayers are requested to avail of this extension of time and file their returns after paying due taxes," it said.

Release of Excel Utility for Filing of Service Tax return of October 2012 to March 2013 - CBEC

The Offline Excel utility for filing half-yearly Service Tax Return (ST-3) for the period October 2012 to March 2013 is now available in the ACES website.

 

The online version of the same will be made available shortly. It is to be noted that the due date for filing the Return has already been announced to be 31st August 2013 vide Order No. 3/2013 - ST dated 23.04.2013.

Submission of DVAT Form T2 deferred till any further Notification

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI

DEPARTMENT OF TRADE AND TAXES

VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002

No.F.7(433)/Policy-II/VAT/2012/530-541                                                                 Dated: 29-07-2013

NOTIFICATION

In exercise of the powers conferred. under sub-section (1) read with sub-section (3) of section 70 of Delhi Value Added Tax Act, 2004, Form T-2 was prescribed for dealers (except the dealers exclusively dealing in tax free goods) whose gross turnover exceeded Rs. 10 crore during the year 2011-12 orany.future date on which the dealer attains the lower limit of GTO of Rs. 10 Cr., vide notification No. F.7(433)/Policy-111VAT/2012/180-190 dated 17.05.2013. to file online information on the goods being imported, but before entry of such goods, into the Territory of Delhi.

E-filing of Audit Reports with the Income Tax Department for AY 2013-14 and onwards

An assessee required to furnish a report of audit specified under sub-clauses (iv), (v), (vi) or (via) of clause (23C) of section 10, section 10A, clause (b) of sub-section (1) of section 12A, section 44AB, section 80-IA, section 80-IB, section 80-IC, section 80-ID, section 80JJAA, section 80LA, section 92E or section 115JB of the Act, shall furnish the said report of audit  and the return of Income electronically for AY 2013-14 and onwards as specified in Notification No. 42/2013 dated 11th June 2013.