Changes in Excise + Service Tax

E Circular 11 pages

on Income Tax, Corporate Tax, Service Tax, Excise, Capital Gains, MAT/AMT attached

click here

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you can also click on the images below for understanding the provisions pictorally.

 This is a new innovation. Done for first time in india in 60 years, Maybe first time in the world. The idea is that today a plot in sectors of Faridabad/Gurgaon, even a flat is worth Crores... so, if this dormant wealth, is "put to use" in your business, then you dont pay any tax. One Rotary Leader from Faridabad is said to be one of the persons who gave birth to this idea, presented it properly to the Ministry of MSME , the Ministry of Home, and WOW, this new law ..... it says "Grow your business, use your dormant money locked in house property" and

enjoy -- no tax even if sale value of house in sector 15 = Rs 5 crores
and your cost in 1980's was just 2-3 lakhs
this gain remains tax free for you

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you can click above ( zoom facility)

TDS on the sale of property 1% compulsory

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  Sangeet Gupta at the Hotel Delite for the LIVE budget analysis

Excise and Service Tax Rate Changes 

Effective Date for Excise =

 17.3.2012, 00.01 am onwards

Effective Date for Service Tax =

“1.4.2012 :  00.01 am onwards”

For information, we will like to advise that there is no need of any new EXE for this change

Such solution is pre configured in your ERP

Just go through this manual

And you can do this yourself, in just 60 seconds

ERP related Manual to handle this

click here