Community & General Articles

Cenvat Credit Changes - Budget 2015

Posted by Mahadev 03 March 2015 53341 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 9826 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 41991 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 13631 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 14219 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 12203 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 16569 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

The master stroke of Jaitley in the budget

Posted by CA SURENDRA KUMAR RAKHECHA 02 March 2015 19339 Views

A good number of FARMERS (or DEEMED FARMERS) areSUPER RICH but due to restrictions imposedin the Constitution of India, Income-tax can't be levied on them..Only 10% of Indian population file its return

ST insights in Union Budget 2015-2016

Posted by Deepak Bansal 01 March 2015 16708 Views

1.0 Rate of Service Tax[Effective from a date to be notified by Central Government after enactment of Finance Bill] For alignment of Service Tax Rate with GST Rate, it has been proposed to increase the rate of Service Tax from 12% plus Education Cess