Articles by Pradeep Jain

Credit Reversal on Trading of Flats- Questions that remains unanswered

Pradeep Jain 18 June 2013 at 18:10

Introduction:- This is a court of law, young man, not a court of justice. This phrase by Oliver Wendell Holmes, Jr. is remembered by every person who loses in court of law despite being genuine and working in boundaries of la

Cenvat Credit on services of commission agents

Pradeep Jain 12 June 2013 at 12:38

CENVAT CREDIT ON SERVICES OF COMMISSION AGENTS: A COMMON ISSUE WITH CONTRARY DECISIONS Introduction: Cenvat Credit has been a highly sensitive issue since its inception. The assessees always attempt to avail credit of every possibl

Duty increase in Compound Levy

Pradeep Jain 29 March 2013 at 11:28

Patta Patti manufacturers: Tempted to opt Cenvat Scheme Introduction: Compounded levy scheme was introduced in the Central Excise Law with the duty of Rs. 10000/- per machine per month in the year 1994. The scheme was simple with reasonable

Assortment of amendments in Penal Provisions of Service Tax

Pradeep Jain 18 March 2013 at 17:23

INTRODUCTION:- Beware if you are the one illicitly holding the government revenue!!! Government is all set to severely punish the people contravening the provisions of Finance Act, particularly, when one collect the service tax and fails to deposi

Critical reasoning of Notification no.03/2013 ST dated 01.03.2013

Pradeep Jain 04 March 2013 at 12:08

Introduction:- In previous budget, service tax law was shifted to negative list regime. Mega exemption notification no. 25/2012-ST dated 20.6.2012 was issued to prescribe the lis

Service Tax on Restaurant

Pradeep Jain 04 March 2013 at 11:30

SERVICE TAX ON RESTAURANT: A SMALL AMENDMENT MAKES A BROADER SCOPE OF SERVICE TAX Introduction:- Under negative list regime, the service tax was introduced on restaurants, eating joints and mess which have licence to serve the liquor and fac

Manufacture or production of goods "Negative list"

Pradeep Jain 26 July 2012 at 12:54

Manufacture or production of goods - an exemption or a litigation in negative list Introduction:- Exemptions and beneficial amendments are always prone to litigation w