UPDATES:

1. Circular No.6, dated 06/07/2012- Charging of interest under DVAT/CST acts discussing section 3(4), 42(2), 32(3), rule 36(3) & (4) of DVAT and section 9(2B) of CST.
2. ITR 5 & 6 for AY 2012-13 notified. Income tax (7th amendment) rules, 2012. Balance sheet as per old schedule VI. E-filing to start after schema release by Income Tax Department.
3. CS can also appear before any authority in any proceedings under DVAT act besides legal practitioner, CA or CWA. [DVAT 2nd amendment rules of 15-06-2012]

Applicability of provisions of the Finance Act, 2004 relating to education cess and the Finance Act, 2007 relating to secondary and higher education cess– regarding.

Circular No. 160/11/2012-ST

F.No.334/1/2012-TRU

Government of India

Ministry of Finance

Department of Revenue

Central Board of Excise & Customs

(Tax Research Unit)

*****

Room No. 153, North Block,

New Delhi, 29^th June, 2012.

To

            Chief Commissioners of Customs and Central Excise (All)

            Chief Commissioners of Central Excise & Service Tax (All)

            Directors General of Service Tax/Central Excise Intelligence/Audit

            Commissioners of Central Excise & Service Tax (All)

            Commissioners of Service Tax (All)

            Commissioners of Customs and Central Excise (All)

           

Madam/Sir,

Subject: Applicability of provisions of the Finance Act, 2004 relating to education cess and the Finance Act, 2007 relating to secondary and higher education cess– regarding.        

            There has been some doubt regarding the applicability of provisions of the Finance Act, 2004 relating to education cess and the Finance Act, 2007 relating to secondary and higher education cess as the concerned Acts make reference to section 66 of the Finance Act, 1994, which shall cease to have effect from July 1, 2012.  In this connection, as also in general, you may kindly refer to the sub-section (1) of section 8 of the General Clauses Act, 1897 which reads as under:

“Where this Act, or any Central Act or Regulation made after reference to the commencement of this Act, repeals and re-enacts, with or without modification, any provision of a former enactment, then references in any other enactment or in any instrument to the provision so repealed shall, unless a different intention appears, be construed as references to the provisions so re-enacted.”

            Thus any reference to section 66 of the Finance Act, 1994 shall be construed as reference to the newly re-enacted provision i.e. section 66B of the same Act.  Despite the stated position of law, the matter has been settled by the issue of Removal of Difficulties Order No. 2/2012 dated 29.06.2012.

2. This circular may be communicated to the field formations and service tax assessees through Public Notice/Trade Notice. Hindi version would follow.

Yours faithfully,

(S. Jayaprahasam)

Technical Officer (TRU)

Tel/Fax: 011-23092037

CHANGE IN LAST DATE OF REGISTRATION FOR SCHOLARSHIP FOR HIGHER EDUCATION - 2012

THE LAST DATE FOR REGISTRATION FOR THE SCHOLARSHIP TEST - 2012 HAS BEEN EXTENDED TILL 10 TH JULY'2012
AND THE TEST WILL BE CONDUCTED ON 14TH & 15TH OF JULY'2012

COMPANY SECRETARY NEED OF ERA

New Batches for CA/CS/CMA Students

“Perfection is not achieved completely by anyone in this world but if you keep chasing perfection somewhere on the way you may catch excellence....."

INSTITUTE FOR CORPORATE ACHIEVERS (ICA) announces new morning/evening batches starting from 15^th & 20^th  July 2012 for-


1. CA- CPT & IPCC
2. CS- Foundation, Executive & Professional
3. CMA- Foundation, Inter & Final


at INDIRA NAGAR AND HAZRATGANJ CENTRE.

Learn from the best in the industry…

ü Best Faculty Members

ü Easy to understand & Exam oriented study material

ü Regular Doubt clearing session

ü Timely completion of syllabus

ü Routine tests for revision

ü Regular counseling sessions

Address

· 3^RD Floor Chitrahar building, Naval Kishore Road, Hazratganj, Lucknow

·       C-401, Indira Nagar, Lucknow.

 For registration & other details contact at-

9554279814

9415010364

0522-4011081

Or write to us at –

bhagatmk@yahoo.co.in

ica_queries@yahoo.com

Limited seats available… Registration on first come & first serve basis.. Hurry, get enrolled now!!

Join ICA & feel the magic of everlasting success!!

ADMIT CARD FOR SCHOLARSHIP FOR HIGHER EDUCATION-2012

REGISTRATION FORM FOR SCHOLARSHIP FOR HIGHER EDUCATION-2012