Articles by Bimal Jain

Govt. invites suggestions for Union Budget 2015

Posted by Bimal Jain 05 November 2014 11526 Views

In the context of formulating the proposals for the Union Budget of 2015-16, the Ministry of Finance vide MOF DOR TRU letter in F. No. 344/20/2014-TRU dated October 27, 2014 has invited suggesti

Services provided to Foreign Principals for marketing their products

Posted by Bimal Jain 17 October 2014 15611 Views

Dear Professional Colleague,Services provided to Foreign Principals for marketing their products in India qualify as an export of service We are sharing with you an important judgment of the Honble CESTAT, Delhi in the case of Microsoft Corpor

No penalty if there was mass unawareness among service providers about taxability of certain service

Posted by Bimal Jain 16 October 2014 13478 Views

SERVICE TAXRECENT CASE LAWS No penalty if there was mass unawareness among service providers about taxability of certain service H.M. Singh & Co. Vs. Commissioner of Central Excise, Customs & Service Tax [2014 (49) taxmann.com 417(Allahab

Interest allowable on refund of pre-deposits

Posted by Bimal Jain 11 October 2014 13050 Views

Dear Professional Colleague,Interest allowable on refund of pre-depositsWe are sharing with you an important judgment of Honble Delhi High Court in the case of Afcons Infrastructure Ltd. Vs. Union of India [(2014) 49 taxmann.com 79 (Delhi)] on

Action plan of CBEC to evolve non-adversarial indirect tax administration

Posted by Bimal Jain 08 October 2014 13902 Views

The CBEC has issued an instructions vide letter F. No. 296/185/2014-CX.9 dated September 30, 2014 to all CCs and DGs on its action plan to evolve Non-adversrial indirect tax administration for the benefit of trade, industry and other stakeholders, wh

No Penalty in the absence of mens rea

Posted by Bimal Jain 07 October 2014 12652 Views

Dear professional college,No Penalty in the absence of mens reaWe are sharing with you an important judgment of Honble CESTAT, DELHI in the case of Mohan Poddar Vs. CCE, Raipur [2014 (9) TMI 782 - CESTAT NEW DELHI] on the following issue:Issue

Clarification on chargeability of Service tax on transactions between Joint Venture and its members

Posted by Bimal Jain 01 October 2014 23579 Views

SERVICE TAXNOTIFICATIONS/CIRCULARS Clarification on chargeability of Service tax on transactions between Joint Venture and its members The Central Board of Excise and Customs (the CBEC) vide Circular No. 179/5/2014- ST dated September

Clarification on Major issues pertaining to refund of Cenvat credit to Exporters

Posted by Bimal Jain 27 September 2014 15887 Views

Dear Professional Colleague, Clarification on Major issues pertaining to refund of Cenvat credit to Exporters We are sharing with you the recent judicial pronouncement of the Honble Bangalore CESTAT in the case of Apotex Research Pvt. Ltd. &am

Service tax refund not shown as receivable in Balance Sheet

Posted by Bimal Jain 25 September 2014 23933 Views

SERVICE TAX RECENT CASE LAWS Refund of Service tax on services not provided cannot be denied on ground that same was not shown as 'receivable' in Balance Sheet Radico Khaitan Ltd. Vs. Commissioner of Service Tax, Delhi [(2014) 48 taxmann.com

Notional interest can't be added in taxable value of service

Posted by Bimal Jain 22 September 2014 13736 Views

Dear Professional Colleague,Notional interest on the interest free security deposit cannot be added to the value of taxable services.We are sharing with you an important judgment of Honble CESTAT Mumbaiin the case of Murli Realtors Pvt. Ltd. a