Blogs
Clarification with respect to eligibility of Cenvat Credit - Transit sale by dealer
In budget 2015-16 One of the amendments made to rule 11(2) od central excise rules, 2002 by way of notification no. 8/2015 - CE (NT) dated 01.03.2015 applicable w.e.f 01.03.2015. The amendment as follows
“Provided also that if the goods are directly sent to any person on the direction of the registered dealer, the invoice shall also contain the details of the registered dealer as the buyer and the person as the consignee, and that person shall take CENVAT credit on the basis of the...
Read moreService Tax Return Scrutiny: How to Combat
|
Service Tax has been most targeted area of Central government for garnering revenue and |
|
it has been constantly undertaking measures to pluck the revenue leakage. One such measure has been taken by issuing detailed manual scrutiny norms of Service Tax Returns vide Circular No. 185/4/2015-ST. Paper writer has made an attempt to analyse new provisions in the scrutiny norms and how small taxpayers can guard themselves against... |
Cenvat credit of Clean Energy Cess paid
Introduction
Finance Minister announced for imposition of Clean Energy Cess as a duty of excise on coal, lignite and peat which come into force from 1st July, 2010. Notification No.1/2010-CE (Clean Energy Cess) dated 22.06.2010 was issued for this purpose. Clean energy cess would be imposed on coal produced in India or when imported into India from other countries. This is in line with the principle of "polluter pays", which are the basic guiding criteria for pollution management.
Analysis of Service Tax On Supply of Food or Drink and Accommodation and The Kerala High Court Decision
Article 265 states that no tax shall be levied or collected without the authority of law. Further article 246 governs the subject matter of the laws made by the parliament and by the legislature of states. The matters are listed in the seventh schedule to the Constitution. The seventh schedule is classified into three lists:
- List I: This list sets out the matters in which the parliament has an exclusive right to make laws
- List II: This list enumerates the matters in respect of...