MCA vide General Circular No. 15/2015 has extended the last date of filing of Annual Filing Forms (MGT 7 and AOC-4) without additional fees till December 30, 2015. http://www.mca.gov.in/Ministry/pdf/General_Circular_No_15_2015.pdf

The Hon’ble Karnataka High Court in the matter of State of Karnataka, Bangalore Vs. United Breweries Ltd.(UBL) [STRP Nos. 384/2014 & 01-03/2015] has held that no VAT is leviable on ‘brand franchisee fee’ in case of manufacture of beer as the manufacturer (CBUs) do not get effective control of the brand name for full commercial … Continue reading NO VAT ON ‘BRAND FRANCHISEE FEE’ IF EFFECTIVE CONTROL OVER BRAND IS NOT TRANSFERRED

Q.1 What is Swachh Bharat Cess (SBC)? Ans. It is a Cess which shall be levied and collected in accordance with the provisions of Chapter VI of the Finance Act, 2015, called Swachh Bharat Cess, as Service Tax on all the taxable services at the rate of 0.5% of the value of taxable service. Q.2 … Continue reading FREQUENTLY ASKED QUESTIONS (FAQ) ON SBC

In the matter of FLIPKART INTERNET PRIVATE LIMITED [W.P.(C).NO.5348 OF 2015 (P) & W.P.(C).NO.6916 OF 2015 (L)], the Hon'ble Kerela High Court set aside the penalty imposed on the petitioner holding that FLIPKART is facilitating sale and purchase of goods through online portals cannot be considered as dealer of goods, consequently not liable for VAT. To get full text of the … Continue reading ONLINE SERVICE PROVIDERS LIKE ‘FLIPKART’ FACILITATING SALE AND PURCHASE OF GOODS THROUGH ONLINE PORTALS CANNOT BE CONSIDERED AS DEALER OF GOODS – NOT LIABLE FOR VAT

As you know the Central Government vide Notification No. 21/2015-ST dated November 6, 2015, the Central Government has fixed November 15, 2015 as the date on which Chapter VI (Section 199) of the Finance Act, 2015 [Swachh Bharat Cess (SBC)] shall come into effect. Further, vide another Notification No. 22/2015-ST the Central Government provided the … Continue reading CLARIFICATION ON SWACHH BHARAT CESS