CAclubindia Articles

Budget 2015- Queries & Answers- Part I

Posted by Anandaday Misshra, Advocate 03 March 2015 14212 Views

Unutilised Credit of CESS Q 1. What will be the fate of credit of Education Cess and Secondary and Higher Education Cess lying unutilized after it being subsumed in basic excise duty ? Answer: Firstly , it will not lapse since no lapsing provision i

Cenvat Credit Changes - Budget 2015

Posted by Mahadev 03 March 2015 53343 Views

Lot of practical issues have been addressed in this years budget by the Central Government. One of the good news for the tax payer is extension of time limit for availing the Cenvat credit to 1 year fro

Holi of Budget or Budget of Holi. Enjoy it.

Posted by CA Umesh Sharma 02 March 2015 9828 Views

Karneet Part 78Holi of Budget or Budget of Holi. Enjoy it.Arjuna (Fictional Character): Krishna, Honorable Finance Minister Mr. Arun Jetley has declared the Budget before Holi on 28th February. Everyones favorite festival Holi is approaching.

Union Budget 2015: Key Changes in Indirect Taxes - Service Tax, Excise and Customs

Posted by Bimal Jain 02 March 2015 41993 Views

Amidst huge expectations, the Honble Finance Minister Shri. Arun Jaitley presented the first full-year Budget of the Honble Prime Minister Shri. Narendra Modi's Government on February 28, 2015, Saturday in the backdrop of easing inf

Clause by Clause Analysis of Service tax in Budget 2015

Posted by Swapnil Munot 02 March 2015 13634 Views

Changes in • Finance Act 1994 • Service Tax Rules 1994 • Exemption Notification • Reverse Charge Mechanism • Abatement Provisions • Miscellaneous Provisions To read the full article: Click Here

Additions in Reverse Charge Mechanism

Posted by Pradeep Jain 05 March 2015 14222 Views

The budget 2015 has also bought some additions to the reverse charge list. Altogether 3 services have been added to this list w.e.f. 01/04/2015 by notification no. 7/2015 dt 01/03/2015. These are: 1. Services provided or agreed to be provided by a mu

Service providers be ready to fulfill the dream of Modi's 'Swachh Bharat'

Posted by Pradeep Jain 02 March 2015 12205 Views

It is a regular practice of the government to follow tactics that are illusive and misleading. One of the tricks adopted by the government while increasing the rate of service tax is that during the Budget Speech, the Honble Finance Minister a

Exemption to E Cess & SHE Cess- Really lucrative?

Posted by Pradeep Jain 03 March 2015 16575 Views

Right from the common man to the corporates and foreign investors, where everyone was expecting the government to deliver a reform-oriented Budget, but the changes proposed in the Budget announced by the Hon’ble Finance Minister took all the ho

Service Tax amendments in Finance Bill 2015

Posted by CA RITUL PATWA 04 March 2015 64901 Views

The budget for the F. Y. 2015-2016 has been presented by the Hble Finance Minister, Sh. Arun Jaitely Ji on 28th February, 2015 with a focus for smooth transition of all the Indirect Taxes towards the Goods & Services Tax (GST) proposed to

Search and seizure under ST law

Posted by sivadas chettoor 05 March 2015 11668 Views

INTRODUCTION:The Central Excise authorities who are entrusted with the task of implementation of the service tax law enjoy wide and sweeping powers in respect of search and se