Annual Information Return in Central Excise and Service tax

  • Category: Erstwhile Indirect Tax Laws
  • Date: 05-02-2016
  • Writer: CA Mahadev R

Relief to the Exporters Refund of service tax on expenses incurred beyond factory gate

  • Category: Erstwhile Indirect Tax Laws
  • Date: 02-02-2016
  • Writer: CA Ashish Chaudhary

World economy over last few years has been very sluggish and more so Indian economy. The impact on Indian economy could be witnessed in the form of declining exports from India. This requires stimulus from government in one way or another.   

One way of reducing burden of tax on export has been to grant refund of service tax under Notification No. 41/2012-ST on services used in relation to export of goods outside India. The refund was allowed in relation to taxable services used beyond...

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Relief to the Exporters Refund of service tax on expenses incurred beyond factory gate

  • Category: Erstwhile Indirect Tax Laws
  • Date: 02-02-2016
  • Writer: CA Ashish Chaudhary

Impact of Accounting and Auditing Standards on Indirect Taxes

  • Category: Erstwhile Indirect Tax Laws
  • Date: 02-02-2016
  • Writer: Vidhya R

Indirect Tax Latest Judicial Precedents February 2016

  • Category: Erstwhile Indirect Tax Laws
  • Date: 01-02-2016
  • Writers: CA Ashish Chaudhary, CA Rajesh Kumar T R

Credit of duty paid on outdoor catering services provided for employees of factory is eligible. (Visteon Powertrain Control Systems (P) Ltd. 2016 (41) S.T.R. 168 (Mad.)

  • Background: Credit on outdoor catering disallowed contending that amendment in the definition of input service restricting credit on outdoor catering service is applicable prior to 1.4.2011.
  • Issue: Whether credit of duty paid outdoor catering services is eligible to assessee?
  • Decision: Outdoor catering services...
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Cenvat credit on Courier imports

  • Category: Erstwhile Indirect Tax Laws
  • Date: 10-01-2016
  • Writer: CA Mahadev R

Cenvat credit on courier import of goods has always been question of dispute by the department. Assessee would not get separate bill of entries (BOE) as courier agencies clear imported goods in bulk at customs station and agencies issue photocopy of consolidated BOE.Credit on photocopies always had been restricted by department.

Rule 9 of CCR 2004 lists out documents on the basis of which Cenvat credit could be availed. BOE and certificate issued by appraiser of customs in respect of...

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Cenvat credit on Courier Imports

  • Category: Erstwhile Indirect Tax Laws
  • Date: 10-01-2016
  • Writer: CA Mahadev R

Service Tax paid under wrong code- Remedies available

  • Category: Erstwhile Indirect Tax Laws
  • Date: 04-01-2016
  • Writer: CA Ashish Chaudhary

Service Tax paid under wrong code- Remedies available

  • Category: Erstwhile Indirect Tax Laws
  • Date: 02-01-2016
  • Writer: CA Ashish Chaudhary

Every assessee liable to pay service tax, isto take registration with service tax department. Where assessee has been providing services from multiple premises, it may obtain separate registration for each of the premises or may obtain centralized registration for all the premises take together. Tax needs to be paid under the code for which registration has been obtained.   

Sometime, it could be possible that multiple registrations are obtained at the same premise by multiple...

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Utilisation of Cess credit for Service tax payment

  • Category: Erstwhile Indirect Tax Laws
  • Date: 02-01-2016
  • Writer: CA Mahadev R