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
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%
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
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
The Hon. Finance Minister presented his budget 2016 on 29.02.2016.The budget can be categorized as;a) Major Steps i.e. bold initiatives.b) Continuance Steps with some changes.c) Minor Steps like cosmetic or announcement purpose.d) Failed Steps Uncall
Introduction:-Budget 2016 has been introduced and with it has come many amendments and changes in the law. One such change is with respect to the services by way of transportation of goods by an aircraft or a vessel. The amendments made in it are eff
Objective of the Article: Objective of the article is to share thoughts on Equity Markets for Small, Medium and long term investors covering their personal portfolios. Well Pls be note that below said is author independent view however markets would
In my first part of the Article "Excise on Ready Made Garments and Made Ups-Post Budget-2016" we had presented a brief note on applicable Central Excise with effect from 1st of March, 2016 on Readymade Garments and Made Ups. In this part,
Amidst all he hues cry ranging from forced taxes on forced savings to increase in service tax by 0.5% in the name of Krishi Kalyan Cess to increase in excise duty on branded readymade garments, aren�t we doing injustic
Hon�ble Finance Minister Sh. Arun Jaitley tables the Union Budget 2016 on 29 Feb-2016, citing that 0.5% of Krishi Kalyan Cess to be levied on all the services making the effective service tax rate 15% (i.e. 14% + Swachh Bharat Cess 0.5% + Krish
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