Articles by CS Aditya Singhania

A brief note on export promotion capital goods scheme

CS Aditya Singhania 07 July 2015 at 10:59

Introduction:The Export Promotion Capital Goods (EPCG) scheme was one of the several export-promotion initiatives launched by the Government in the early '90s. The basic purpose of the scheme was to allow exporters to import machinery and equipm

Applicability of 'Res Judicata' on taxation matters

CS Aditya Singhania 07 July 2015 at 10:58

"Res Judicata pro veritate accipitur" is the full Latin maxim which has, over the years, shrunk to mere "Res Judicata”. The doctrine of Res Judicata operates on three basic principles stated here-in-below for ease of reference:In

Service Tax Amendments - Union Budget 2015-16

CS Aditya Singhania 28 February 2015 at 16:53

Change in Rate of Service Tax Rate The Service Tax rate is being increased from 12% plus Education Cesses to 14%. Effective increase in Service Tax rate will be from existing rate of 12.36% (inclusive of cesses) to 14%. w.e.f:The new Service Tax rate

Can SEZ unit claim exemption from CVD when cleared to DTA?

CS Aditya Singhania 09 December 2014 at 11:17

Can SEZ unit claim exemption from CVD when cleared to DTA based on an Exemption Notification issued under Section 5A of CEA’1944 although when there is specific bar under Section 5A for SEZ units? Petitioner is a manufacturer of excisable goods

'General' audit under Service Tax Rules - Ultra Vires

CS Aditya Singhania 08 August 2014 at 11:02

General audit under Service Tax Rules Ultra Virus Delhi High Court 4th August, 2014 Rule 5A(2) of the ST Rules, 1994 provides that every assessee has to provide to the officer authorized by the commissioner or CA

Clarification - Increase in Limit - Liberalised Remittance Scheme

CS Aditya Singhania 22 July 2014 at 16:49

Clarification - Increase in the limit from USD 75,000 to USD 125,000 for resident individuals under Liberalized Remittance Scheme (LRS) {Notification No. "RBI/2014-15/132 A.P. (DIR Series) Circular No.5 dated 17th July, 2014} Before going into t

A brief note on Goods Transport Agency (GTA) Service

CS Aditya Singhania 18 March 2014 at 11:25

An Insight into History of Goods Transport Agency Service Tax was first introduced on Goods Transport Operator (GTO) services with effect from 16-11-1997. However, due to several oppositions from