Articles by Pradeep Jain

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Definition of capital goods under revised GST law

Posted by Pradeep Jain 20 June 2017 3061 Views

The definition of capital goods has undergone a substantial change in the revised GST Law

Audit by department: Justified or not?

Posted by Pradeep Jain 21 March 2017 5677 Views

On one hand the courts have understood the pain of the assessees to be assessed by ineligible auditors and on the other hand the government does not want to let...

GST provisions which remain untackled

Posted by Pradeep Jain 13 January 2017 3519 Views

As the GST law has been revised, it is pertinent to note down what all issues still remain un-tackled or untouched.

Service tax assessees to file annual return

Posted by Pradeep Jain 24 June 2016 14319 Views

Introduction:-Although, with the government resorting to implement unified taxation regime GST in near future, it was hoped that the number of returns to be filed by an assessee would reduce substantially and this has been done in case of Central Exc

Mobile accessories turns expensive

Posted by Pradeep Jain 24 June 2016 5853 Views

Introduction:-With the hype created regarding implementation of revolutionary taxation reform, i.e., GST in the financial year 2016-17, the government attempted to mentally prepare the assessees as regards substantial reduction in the exemptions avai

Hopes of Auto Industry Shattered!

Posted by Pradeep Jain 17 March 2016 6332 Views

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

Input service distributor - Concept simplified & scope widened

Posted by Pradeep Jain 10 March 2016 8978 Views

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

Limitation For Issuing SCN under section 73 enhanced

Posted by Pradeep Jain 09 March 2016 7527 Views

LIMITATION FOR ISSUING SCN UNDER SECTION 73 ENHANCED OrPROS AND CONS OF AMENDED SECTION 73It was proposed in the Central Excise Tariff Conference that the time limit for issuing show cause notice under normal period of limitation should be increased

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

Posted by Pradeep Jain 05 March 2016 8852 Views

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

Import of goods by vessel - Budget, 2016 made it expensive!!

Posted by Pradeep Jain 04 March 2016 4216 Views

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