SVB APPEAL: A LEGAL CONUNDRUM

Special Valuation Branch (hereinafter referred as SVB) has been established by the Board for investigating the exact price of importing of goods. It was brought into picture in the year 1998 and then in 2001 certain amendments were made. On 9th Feb, 2016 the board came up with a new circular amending the previous one. Read More

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August 2016 Newsletter

LEX TAXARE – SAPAA’s Insights Greetings from SAPAA! A journey of a thousand miles begins with a single step. We at SAPAA thought it’s time to start something new and trust the magic of beginnings. Here we are presenting our first Publication- Lex Taxare which brings to you the latest updates and other prominent cases. Read More

GST- The New Era of Taxation

HYUNDAI MOBIS is globally known for its productions system, R&D, and after-sales automotive parts distribution of Hyundai worldwide. SAPAA Team conducted an elaborate session on the Goods & Service Tax Act (GST) on August 12, 2016. The Team had an interactive session with the Finance & Accounts Team of Mobis and discussed regarding the implications Read More

Government’s efforts on strengthening and widening of tax base

Prime Minister Narendra Modi said that the taxpayer base will be doubled to 10 crore and tax collection target can be achieved without coercion. There are five pillars for this; Revenue, Accountability, Probity, Information, Digitalisation (RAPID) which will improve tax efficiency and tax administration.

Disclaimer:  The views and opinions expressed in this article are those of the authors. All data and information provided on this site is for informational purposes only. sapaa.in makes no representations as to accuracy, completeness, correctness or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.

The Income Declaration Scheme 2016: An Analysis

  What is it? Income Declaration Scheme 2016 came into effect from 1 June, 2016 and will last for four months. It’s an opportunity for those who didn’t disclose income or pay taxes thereon in the past to disclose the same. The undisclosed sum can be held either in the form of assets or in Read More

Disclaimer:  The views and opinions expressed in this article are those of the authors. All data and information provided on this site is for informational purposes only. sapaa.in makes no representations as to accuracy, completeness, correctness or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.

Towards Paperless Governance

Digi Locker stands for Digital Locker and is part of the Digital India Programme started by PM Narenrda Modi. It is aimed at doing away with paper documents like PAN Card, Passport, Voter ID, and Driving Licence which are required almost everywhere as identity proofs. It is a step of moving towards electronic documents.[1]

Disclaimer:  The views and opinions expressed in this article are those of the authors. All data and information provided on this site is for informational purposes only. sapaa.in makes no representations as to accuracy, completeness, correctness or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.

CONVERSION OF CREDIT INTO EQUITY

The business can only start after the appropriate amount of capital. The capital can be raised through Financial Institutions and other Creditors by issuing: Equity[1] Debt[2] If companies fails to repay its debt, then the government allows it to convert their debt into equity. Both public as well as private companies are eligible for the Read More

Disclaimer:  The views and opinions expressed in this article are those of the authors. All data and information provided on this site is for informational purposes only. sapaa.in makes no representations as to accuracy, completeness, correctness or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.

Order traversing beyond SCN – a detailed note under Central Excise and Service Tax

Central Excise Central Excise duty is an indirect tax that is levied on the manufacturers of goods in India. Though there is no express definition of goods when it comes to levying the Central Excise duty, thus the definition of the same has been borrowed from the Sales of goods act 1930, which includes all

Disclaimer:  The views and opinions expressed in this article are those of the authors. All data and information provided on this site is for informational purposes only. sapaa.in makes no representations as to accuracy, completeness, correctness or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.