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26 December 2016 at 11:09

Treatise on Union Budget 2016 and 2017

  POSTED BY Manu Gawri

Budget is around the corner and in this i have tried to analyse what budget is presented and what happened in 2016 and what is expected in 2017

  0 comments |   1065 Views


24 May 2016 at 10:50

Indirect Tax Dispute Resolution Scheme, 2016: Overview

  POSTED BY Bimal Jain

The Union Budget, 2016, has introduced number of measures for reducing litigation and providing certainty in taxation, considering the same as one of the key thrust are

  0 comments |   1576 Views


19 May 2016 at 10:47

Changes in Service Tax, Excise, Customs Duty vide Union Budget 2016: Open issues

  POSTED BY Bimal Jain

The Union Budget, 2016, proposing flurry of changes in Indirect Taxes, has been a talk of the town since the day of its presentation. On May 5, 2016, the Lok Sabha passed the Finance Bill, 2016 and later on May 11, 2016, the Finance Bill, 2016 was pa

  3 comments |   4335 Views


30 April 2016 at 12:26

Changes in CENVAT Credit Rules, 2004 by Union Budget 2016-17

  POSTED BY CA Ankit Gulgulia

S. No. Nature of amendment Rule Reference Earlier Version New Version Remarks 1. Inclusion of Sub-heading 860692 in defin

  0 comments |   4334 Views


04 April 2016 at 11:14

Union Budget 2016: Important changes in Excise & Customs effective from April 1, 2016

  POSTED BY Bimal Jain

Affirming that the economy is right on track, the Hon�ble Finance Minister Shri. Arun Jaitley presented the Union Budget for 20

  0 comments |   3051 Views


04 April 2016 at 11:13

Union Budget 2016: Important changes in Service Tax and Credit Rules effective from April 1, 2016

  POSTED BY Bimal Jain

Affirming that the economy is right on track, the Hon�ble Finance Minister Shri. Arun Jaitley presented the Union Budge

  2 comments |   4421 Views


23 March 2016 at 11:09

Indirect Tax Dispute Resolution Scheme, 2016: Clouds of doubt on success quotient

  POSTED BY Bimal Jain

Dear Professional Colleague,Indirect Tax Dispute Resolution Scheme, 2016: Clouds of doubt on success quotientThe Union Budget, 2016, has introduced number of measures for reducing litigation and providing certainty in taxation, considering the same a

  1 comments |   2024 Views


17 March 2016 at 10:57

Hopes of Auto Industry Shattered!

  POSTED BY Pradeep Jain

Introduction:- With the forthcoming budget 2016-17 there were lot of hopes and expectations of the automobile industry that they will be encouraged by way of various tax incentives but the budget came as a curse to them. All the hopes went in vain as

  4 comments |   1855 Views


14 March 2016 at 11:31

Increase in limitation period for issuing SCN - Is this "Ease of doing business"

  POSTED BY Bimal Jain

Dear Professional Colleague,Increase in limitation period for issuing SCN � Is this �Ease of doing business�Amongst the flurry of changes brought in by the Union Budget 2016 seeking to reform the Country�s taxation system and

  1 comments |   2551 Views


12 March 2016 at 12:08

Significant Union Budget 16 Highlights

  POSTED BY CA Manish Jathliya

Significant Budget Highlights 2016-17- Direct Taxes 1. Relief to small tax payers (a) Rebate under Sec 87A: With the objective of providing relief to resident individuals in the lower income slab i.e. total income not exceeding Rs. 5,00,000, section

  3 comments |   1988 Views


12 March 2016 at 12:08

Budget 2016 - An Analysis for Layman as well as Tax Practitioners

  POSTED BY tkandharia

1. Income Tax rates are not changed (except in case of certain types of companies) but surcharge in case of individual, H.U.F., A.O.P., B.O.I. and artificial juridical persons is increased from 12% of income tax to 15% of income tax. [Not to worry si

  0 comments |   2843 Views


10 March 2016 at 10:57

Input service distributor - Concept simplified & scope widened

  POSTED BY Pradeep Jain

Introduction:-Budget 2016 has been introduced and it has bought some major changes in the Cenvat credit scheme by amending the Cenvat Credit rules, 2004. One such change has been introduced in the rule 7 which relates to the input service distributer

  0 comments |   2569 Views


09 March 2016 at 11:13

Budget 2016 - Direct and indirect taxes

  POSTED BY Abhishek Pandey

INDIRECT TAXES : EXCISE, SERVICE TAX & OTHERS � KRISHI KALYAN CESS (KKC): New cess proposed @0.50% wef 01.06.2016. This shall be levied & collected as service tax on all or any taxable services on the value of such s

  4 comments |   5714 Views


09 March 2016 at 11:13

Impact of increase service tax on Make in India

  POSTED BY Bimal Jain

Dear professional colleague,Krishi Kalyan Cess on all taxable services w.e.f. June 1, 2016 � Impact on �Make in India� and �Start-up India� driveAmidst huge expectations, the Hon�ble Finance Minister Shri. Arun Jai

  1 comments |   2270 Views


09 March 2016 at 11:12

Union Budget 2016-17 - Service Tax

  POSTED BY Deepak Bansal

SERVICE TAX 1.0 Amendments in Finance Act [Effective from date of enactment of Finance Bill, unless otherwise stated] 1.1 Amendment in Negative List 1.1.1 Widening the ambit of Service Tax by way of omission of Education Services specified under Clau

  3 comments |   3514 Views


08 March 2016 at 11:08

Building India - A shared responsibility

  POSTED BY CA Anil Garg

In plain terms, I wish to state that India cannot and will not be built with tweaking something here and something there. Average per capita income of the world is $10,000 whereas that in India it is around $1600. The size of the world economy is $70

  2 comments |   1760 Views


05 March 2016 at 11:38

Import of goods at concessional rate of duty - Procedure simplified with a demerit

  POSTED BY Pradeep Jain

Preface:-The Budget, 2016 brought about a series of changes in various sectors of the industry. In this article we will focus on the various changes made through notification No. 32/2016 – Customs (N.T.). This notification has been issued to su

  1 comments |   1721 Views


05 March 2016 at 11:37

Impact of Budget 16 changes in Service tax and Excise on Builders

  POSTED BY Ajay Chandramouli

Change in rate of Abatement:A uniform abatement at the rate of 70% is prescribed for services of construction of complex, building, civil structure, or a part thereof, subject to fulfillment of the existing conditions. Therefore tax is payable on 30%

  0 comments |   3878 Views


05 March 2016 at 11:37

Rule 7B of cenvat credit rules, 2004 - A new concept for multi-unit companies

  POSTED BY Pradeep Jain

Introduction:-Budget, 2016 has come up with some new provisions and concepts in the Central Excise Law. One such provision has been introduced in the name of rule 7B of Central Excise Rules, 2004 which has been framed on the same lines of input servi

  0 comments |   1627 Views


05 March 2016 at 11:37

Equalization Levy to Tax Digital Advertisements - Finance Bill 2016

  POSTED BY CA Prateek Garg

We are living in a world where information and communication technology is changing rapidly. This has resulted into new business models where goods and services are being supplied in virtual world. Business are being conducted in digital domain and t

  2 comments |   1996 Views








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