Articles by Bimal Jain

Refund of unutilized Cenvat Credit - Partial Reverse Charge

Bimal Jain 07 March 2014 at 12:34

Dear Professional Colleague,Refund of unutilized Cenvat credit to Service Providers providing services under Partial Reverse Charge BackgroundPartial reverse charge mechanism has been introduced w.e.f. July 1, 2012 wherein both service provider and s

Importers issuing Cenvatable invoices requires CE Reg.

Bimal Jain 06 March 2014 at 12:59

Dear Professional Colleague,Importers issuing Cenvatable invoices require registration under Central Excise & consequential amendments Background:Rule 9 of the Central Excise Rules, 2002 (the Excise Rules) provides the list of pers

Changes in ST, Excise and Custom by Interim Budget 14

Bimal Jain 18 February 2014 at 11:22

Dear Professional Colleague, The Honble Finance Minister P. Chidambaram presented the Interim Budget for the fiscal year 2014-15 on Monday, February 17, 2014 to cover expenditure until the Government's term ends in May, 2014. While presenting

Service tax on services provided by RWA to its own members

Bimal Jain 16 January 2014 at 13:06

Dear Professional Colleague,Clarifications with regard to levy of service tax on services provided by RWA to its own members Background:Service tax on 'club or association service' which covers RWA, was introduced with effect from June 16, 20

Delhi VAT Amnesty Scheme closing by 31st January, 2014

Bimal Jain 16 January 2014 at 12:59

Dear Professional Colleagues,Delhi VAT Amnesty Scheme closing by 31st January, 2014 Pursuant to the power conferred by Section 107 of the Delhi Value Added Tax Act, 2004 (the Actor DVAT), the Lt. Governor of National Capit

How to pass Cenvat credit on Imported goods by Importer

Bimal Jain 06 January 2014 at 12:51

Dear Professional Colleague,Amendments in the Cenvat Credit Rules, 2004 and the Central Excise Rules, 2002The Finance Minister had constituted a Forum under the Chairmanship of Dr. Parthasarathy Shome and the Forum had received certain difficulties f

Rejection Order under VCES is appealable & recent clarifications

Bimal Jain 12 December 2013 at 16:57

Dear Professional Colleague, Rejection Order under VCES is appealable & recent clarifications issued pertaining to VCES We are sharing with you an important judgement of the Honble Punjab & Haryana High Court in the case of M/s Barnala

Interest if dept unjustly hold rightfully earn Cenvat Credit

Bimal Jain 13 November 2013 at 12:40

Dear Professional Colleague, Assessee entitled to interest if the Department unjustly holds rightfully earned Cenvat credit We are sharing with you an important judgement of the Honble Gujarat High Court in the case of Hindustan Coca-Cola Bev

Same activity is not as Manufacture & Service at a time

Bimal Jain 21 October 2013 at 16:53

Dear Professional Colleague, Same activity cannot be considered as manufacturing and service at a time We are sharing with you an important judgement of the Honble CESTAT, New Delhi, in the case of Jubilant Industries Limited Versus CCE, Ghaz

Restaurant Services - Clarification provided by CBEC

Bimal Jain 09 October 2013 at 12:29

The CBEC has provided clarifications vide Circular No. 173/8/2013-ST., Dated: October 7, 2013 on various doubts and questions raised pertaining to Restaurant Services, which is reproduced here in below: Doubt 1. In a complex where air conditioned