Articles by CS Aditya Singhania

A brief note on export promotion capital goods scheme

Posted by CS Aditya Singhania 07 July 2015 8658 Views

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

Posted by CS Aditya Singhania 07 July 2015 5617 Views

"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

Posted by CS Aditya Singhania 28 February 2015 108618 Views

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?

Posted by CS Aditya Singhania 09 December 2014 15237 Views

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

Posted by CS Aditya Singhania 08 August 2014 21188 Views

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

Posted by CS Aditya Singhania 22 July 2014 9721 Views

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

Posted by CS Aditya Singhania 18 March 2014 53187 Views

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