CLR Snippets | Ministry Clarification on Service Tax leviability on Takeaway Eating Joints
Prior to 01.04.2013, service tax was leviable on restaurants satisfying two conditions namely (i) the facility of air-conditioning or central heating in any part of the establishment, at any point of time during the year, and (ii) a license to serve alcoholic beverages. With effect from 01.04.2013, condition number (ii) stands deleted. Accordingly service tax… Read More
Tags: Air conditioning, India, Lok Sabha, Minister of State for Finance, Mumbai, Restaurant, Shri Namo Narain Meena, Taxation in India
RBI and GoI taking steps for Improving Customer Services in Public Sector Banks
Public Sector Banks accounted for nearly two third of the customer complaints received during last financial year. A total number of 72,889 complaints were received in the offices of the Banking Ombudsmen spread across the country against the Scheduled Commercial Banks during the period from June, 2011 to July, 2012, out of which 48,180 were… Read More
Tags: Bank, Commercial bank, India, Minister of State for Finance, Rajya Sabha, rbi, Reserve Bank of India, Run batted in
No change in RBI policy on not issuing fresh proposals for new Urban Cooperative Banks
The number of Urban Cooperative Banks (UCBs) whose license was cancelled in the last three years are, 31 in 2009-10, 12 in 2010-11 and 14 in 2011-12. Reserve Bank of India (RBI), the licensing authority for UCBs announced in the Annual Policy Statement (2004-05) that no fresh proposals for new UCBs would be considered till… Read More
Tags: Minister of State for Finance, rbi, Reserve Bank of India, Urban Cooperative Banks
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