Blogs

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...

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...

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...

We as professionals sometimes wonder why we are not reaching our goals in profession and life. This is inspite of putting in hard work and wanting to do all activities well. This is especially true in growing in career or in practice.  

We find that: long term goals are lost in day to day execution; our priortisation is blind/ misplaced, we are stagnating, some of us are getting burnt out with long hours and anxiety.  

One possible solution is that we may not be differentiating...