“Penalty provisions under Service Tax: Stringent or Simplified”

The Service sector being the dominant sector contributes to over 60% of India’s GDP presently. Commensurate to this, there is an increase in expansion of taxability of services with the advent of Negative List under the Service Tax regime. In tantamount to this, penalty provisions under service tax have been revamped to ensure non-discriminatory form Read More

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September 2016 Newsletter

LEX TAXARE – SAPAA’s Insights FOREIGN TRADE POLICY NOTIFICATION Public Notice No.32/2015- 2020 Addition & Enhancement in MEIS Eligibility with immediate effect. Export of various goods which were not notified earlier are now eligible for MEIS Duty Reward Scrips. Reward Rates are enhanced for certain goods. CIRCULAR Policy Circular no.2/2015- 2020 Merchant exporter is eligible Read More

GST: Compensation scheme without cess: A Wayout

Introduction Goods and service tax, the major restructuring ofindirect tax system, is all set to come into effect from 1st April,2017. It will subsume various Central taxes like excise duty, service tax, countervailing duty, etc. and State taxes like Value-Added tax, octroi& entry tax, etc. Also, it will subsume all the cesses.The Presidenthas given his 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.

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

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.

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.