Meaning of Small Scale Exemption.Under the provisions of the Central Excise Act a Small Scale Industry is one whose aggregate value of Turnover does not exceed Rs. One Hundred and Fifty Lakhs made on or after the 1st day of April
Dear All,In this article, I have discussed a recent judgement of the Supreme court and also shared my views / confusion in regards to the same. Request the readers to express their valuable views in this regard. Introduction:It is a common industry p
Cenvat Credit of Input Services up to Place of Removal: Whether Circular dated 20.10.2014 and 28.02.2015 ultra vires provisions of Cenvat Credit Rules� 2004? CBEC vide Circular No. 988/12/2014-CX dated 20.10.2014 intimated insertion of definiti
Welcome to Excise DutyIn India, there are huge numbers of list for taxes, which are paid for different purposes. Suchas Income tax, VAT, CST, Service tax, Customs,Octroi/LBT, Entertainment Tax Etc. All these taxes have aim to collect for some reason
TRIPLE THE AMENDMENTS, TRIPLE THE HASSLE, NOW ALL IS WELL Introduction“Proviso”: when it is added to an exemption notification, brings out some conditions on fulfillment of which the benefit of notification will be allowed. Therefore, as
CBEC issues guidelines for detailed scrutiny of Excise ReturnsBackground:The Central Board of Excise and Customs (�CBEC� or �the Board�) vide Circular No. 185/4/2015-ST dated June 30, 2015 had laid
There is old litigation between assessees and department whether Cenvat Credit of service paid on various services received viz. installation/repairing & M
Law has always been a dynamic subject and so is the interpretation of law. Section 35F of the Central Excise Acts provides deposit of “certain percentage of duty demanded or penalty imposed before filing of the appeal”. Earlier in this se
The term manufacture refers to a process involving the conversion of an input into a completely different output.As per section 2(f) of Central Excise Act, 1944 (CEA), manufacture includes any process: Incidental or ancillary to the completion of a m
Dear Professional Colleague,CBEC specifies conditions and safeguards for issuing digitally signed invoices and maintaining e-recordsBackground:The Service Tax Rules, 1994 (�the Service Tax Rules�) were amended vide Notification No. 5/2015
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)