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Articles by Bimal Jain

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Excise - Price declared below cost of manufacture

  Bimal Jain    10 September 2012 at 14:14

Whether the price declared below the cost of manufacture can be regarded as Normal price for chargeability of Excise duty. Dear Professional Colleague, We are sharing with you a recent judgment of the Honorable Supreme Court, New Delh

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Posted in Excise  3 comments |   21177 Views


FAQ on Service provided by Directors to Company

  Bimal Jain    18 August 2012 at 12:14

FAQ on Service provided by Directors to Company The CBEC has issued Notification No. 45/2012-ST dated 7-8-2012, amending the Notification No. 30/2012-ST dated 20-6-2012 and expanded the scope of reverse charge mechanism. With effect from 7-8-2012, s

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Posted in Service Tax  21 comments |   54600 Views


Service provided by Directors & Security Services

  Bimal Jain    11 August 2012 at 13:35

Service provided by Directors and Security Service under partial Reverse Charge: Dear Professional Colleagues, The CBEC has issued following notifications dated August 7, 2012 which are summarised here below for your easy digests: Notification No. 4

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Posted in Service Tax  8 comments |   32052 Views


Suggestions - Service tax on staff benefits & employment

  Bimal Jain    01 August 2012 at 11:35

Suggestions invited by TRU - Service tax on staff benefits and employment related transactions TRU has issued a Draft Circular F. No 354/127/2012-TRU dated July 27, 2012 clarifying certain issues in relation to leviability of service tax on staff be

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Posted in Service Tax  1 comments |   29199 Views


Manpower supply prior or Post 1st July, 2012

  Bimal Jain    30 July 2012 at 11:01

Whether employees sent on deputation to subsidiary/ associate companies amount to manpower recruitment or supply service before or after 1st July, 2012 Citation : 2012-TIOL-855-CESTAT-DEL Appellant (s) : ITC Ltd Respondent (s) : Commission

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Posted in Service Tax  2 comments |   45399 Views


Whether revenue sharing arrangements attract service tax

  Bimal Jain    23 July 2012 at 12:11

Whether revenue sharing arrangements attract service tax prior and post 1st July, 2012 Dear Professional Colleague, We are sharing with you a recent judgment of the Honorable CESTAT, New Delhi and would like to discuss implication of same prior and

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Posted in Service Tax  4 comments |   34011 Views


Works Contract vs. Commercial or Industrial Construction

  Bimal Jain    19 June 2012 at 11:59

Works Contract viz-a-viz Commercial or Industrial Construction Services Valuation & Abatement Issues -Budget 2012 Recently Service Tax (Determination of Valuation Rules), 2012 vide Notification No. 11/2012 S.T dated 17.03.2012 ame

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Posted in Service Tax  6 comments |   73500 Views


New Service Tax Regime on Negative List -1st July, 2012

  Bimal Jain    07 June 2012 at 17:06

New Service Tax Regime on Negative List applicable from 1st July 2012 The Central Government vide Notification No. 19/2012-ST dated 05.06.2012 has announced Date of Introduction of new regime of most awaited Negative List a

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Posted in Service Tax  11 comments |   117750 Views


Overview of Compounding of Offences under the Service Tax

  Bimal Jain    06 June 2012 at 11:41

The Central Government by exercising the power conferred by clause (i) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994) has made the Service Tax (Compounding of Offen

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Posted in Service Tax |   18072 Views


Point of Taxation Rules - Applicability of New or Old rate of Service Tax

  Bimal Jain    15 May 2012 at 11:07

Point of Taxation Rules - Clarification is New Fad for CBEC CENTRAL Board of Excise and Customs (CBEC) has issued clarification vides Circular No. 158/9/ 2012ST dated. 8th May, 2012 on the rate of service tax applicable w

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Posted in Service Tax  5 comments |   64776 Views