Articles by Bimal Jain

No retrospective effect on non bailable offences under ST

Posted by Bimal Jain 02 May 2014 6711 Views

Dear Professional Colleague,Non Bailable offences under Service Tax do not have retrospective effect We are sharing with you an important judgement of the Honble High Court of Calcutta, in the case of Sudip Das, {[2014] 44 taxmann.com 48 (Calc

Exemption Notification cannot be forced upon assessee

Posted by Bimal Jain 21 April 2014 7836 Views

Dear Professional Colleague,Exemption Notification cannot be forced upon assessee No legal bar on paying duty & availing benefit of Modvat schemeWe are sharing with you an important judgement of the Honble High Court of Delhi, in t

Services performed in India for SR located abroad- Exports

Posted by Bimal Jain 03 April 2014 9159 Views

Dear Professional Colleauges,Services performed in India for a service recipient located abroad are export of servicesWe are sharing with you an important judgment of the Honble CESTAT, New Delhi in the case of Gap International Sourcing (Indi

No Service Tax leviable on Chit Fund Business

Posted by Bimal Jain 11 March 2014 18893 Views

Dear Professional Colleague,Chit fund business constitutes transaction in money and not liable to service taxRecently, the Honble Supreme Court of India, dismissed the SLP filed by the Union of India against the judgment of the H

Refund of unutilized Cenvat Credit - Partial Reverse Charge

Posted by Bimal Jain 07 March 2014 16825 Views

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.

Posted by Bimal Jain 06 March 2014 14935 Views

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

Posted by Bimal Jain 18 February 2014 54204 Views

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

Posted by Bimal Jain 16 January 2014 15155 Views

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

Posted by Bimal Jain 16 January 2014 19529 Views

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

Posted by Bimal Jain 06 January 2014 60000 Views

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