Articles by Bimal Jain

Service Tax on AC Bar Restaurants & Hotels is Unconstitutional

Bimal Jain 08 July 2013 at 11:58

Service Tax on AC Bar Restaurants & Hotels is Unconstitutional Kerala HC The Honble Kerala High Court has held that the levy of Service Tax on AC Bar Restaurants and Hotels providing short term accommodation as Unconstitutional a

Cenvat credit cannot be denied on inputs used in a process not considered as manufacture

Bimal Jain 27 June 2013 at 12:01

We are sharing with you an important judgement of the Honble Customs, Excise and Service Tax Appellate Tribunal of Bangalore (the CESTAT) i

Overview of Service Tax Voluntary Compliance Encouragement Scheme, 2013 - Series 1

Bimal Jain 18 June 2013 at 12:16

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has been implemented with effect from May 10, 2013 with the enactment of the Finance Bill 2013. We have prepared and summarized overview of the Scheme for ease of your un

TDS on Immovable Property

Bimal Jain 04 June 2013 at 18:26

The Finance Bill 2013 had proposed to introduce Section 194IA to the Income Tax Act, 1961 (the ITA) which provided that the purchaser of an immovable property worth over Rs. 50 lakhs (other than agricultural land) is required to deduct

Electricity charge from tenant not chargeable to Service Tax

Bimal Jain 29 May 2013 at 12:37

Electricity charge recovered from tenant not includible in renting of immovable property We are sharing with you an important judgement of the Ld. Commissioner of Central Excise (Appeals), Chennai in the case of In Ticel Bio Park Ltd. (2013) 33 tax

Service Tax Return (ST-3)-Viewing, Revising and Late Filing

Bimal Jain 23 May 2013 at 12:25

Service Tax Return (ST-3) - Viewing, Revising and Late Filing Service Tax Returns (ST 3) for the period July -Sept, 2012, e-filed in ACES, can now be viewed by the Assesses under View Original ST3′ View ST3′ option

Every audit objection doesn't lead to Mens rea/ Penalty

Bimal Jain 20 May 2013 at 13:49

Every audit objection doesn't lead to invocation of extended period and levy of penalty We have summarized the important judgment of the Honble Tribunal in the case of LANDIS + GYR LTD. V. COMMISSIONER OF CENTRAL EXCISE [2013] 32 Taxmann.

No Reversal of Cenvat Credit on Input Services U/R 3(5)-CCR

Bimal Jain 06 May 2013 at 12:40

No Reversal of Cenvat credit on Input Services U/R 3(5) of CCR, 2004 as applicable for reversal of Cenvat credit on inputs or capital goods only We are sharing with you an important judgement of Honble Kolkata CESTAT in the case of M/s Seven

Cenvat credit on Construction can be used for ST on Renting

Bimal Jain 27 April 2013 at 11:36

Excise paid on Inputs and ST on Input services used in construction can be utilized for discharging ST liability on renting of immovable property The Honble Tribunal in the case of Oberoi Mall Ltd. Vs. Commissioner of Service Tax [2013-TIOL-

Installation of tank for Storage of Inputs outside Factory

Bimal Jain 23 April 2013 at 12:09

Services for installation of storage tank for storage of inputs outside factory are input services Important judgement of Honble Mumbai High Court in the case of M/s Deepak Fertilizers and Petrochemicals Corpn. Ltd. Versus Commissioner of Cen