Articles by CA Roopa Nayak

View Full Profile

Cenvat Credit on Construction, Repairs & Works contract Services

Posted by CA Roopa Nayak 08 June 2016 82422 Views

IntroductionCenvat Credit is a beneficial scheme wherein the duty paid at earlier stage on inputs and input se

Service Tax Implications of Plotted Development

Posted by CA Roopa Nayak 08 June 2016 15497 Views

CA Madhukar N. Hiregange&CA Roopa Nayak In this article we would examine what would be the effect of some services activity conducted in the course of a sale of immovable property in general and development of plots in particular. Conse

Facing Summons under Central Excise / Service tax

Posted by CA Roopa Nayak 07 June 2016 16549 Views

CA Madhukar N.Hiregange & CA Roopa Nayak BackgroundThe issuing of summons under central excise or service tax is viewed with a lot of fear due to lack of awareness and uncertainty by assesses. Under Section 14 [applicable in service tax vide sect

Cost sharing by companies and service tax

Posted by CA Roopa Nayak 24 May 2016 16945 Views

BackgroundA group company could procure resources such as server space, software licenses, office space and various other facilities from vendors. When a company say Co Aof Karnataka procures such

Pre-registration credit for manufacturers and service providers

Posted by CA Roopa Nayak 17 May 2016 7618 Views

BackgroundIn order to start new business operations in any sector, the project costing has to factor in the indirect taxes.Basic Customs Duty(BCD), Excise duty and Countervailing duty[CVD], 3% Customs Cess and 4% Special Additional duty(SAD)are paid

Amendments in CE and ST wef 1st June 2015

Posted by CA Roopa Nayak 25 May 2015 42798 Views

Service Tax & Central ExciseAmendments effective from 1st June 2015Service Tax� Notification No.13/2015-ST dated 19.05.2015 Omits the definition of �Chit� from Notification No.26/2012-ST dated 20.06.2012 (Abatement Noti

Impact of increase in service tax rate to 14%

Posted by CA Roopa Nayak 21 May 2015 124346 Views

New service tax rate of 14% is effective from June 1, 2015. This article is intended to provide you with insights of how to deal with change in rate and which scenarios old rate shall prevail and when a new rate has to be applied. Few of the practica