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Articles by Deepak Bansal

Union Budget 2016-17 - Service Tax

Posted by Deepak Bansal 09 March 2016 12336 Views

SERVICE TAX 1.0 Amendments in Finance Act [Effective from date of enactment of Finance Bill, unless otherwise stated] 1.1 Amendment in Negative List 1.1.1 Widening the ambit of Service Tax by way of omission of Education Services specified under Clau

ST insights in Union Budget 2015-2016

Posted by Deepak Bansal 01 March 2015 16710 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

Profit on sale of carbon credit is not taxable receipt

Posted by Deepak Bansal 02 December 2014 8588 Views

Reliance in this regard can be placed on the decision of Hon’ble ITAT Bangalore in case of M/s SubhashKabini Power Corporation Limited vs. CIT (ITA No 258/Bang/2014) pronounced on 28th November 2014 wherein the Commissioner taking cognizance of

Cenvat Credit on Inward transportation

Posted by Deepak Bansal 01 December 2014 14312 Views

Can CENVAT Credit on Inward transportation be denied when there is no dispute regarding receipt of material? Reliance in this connection can be placed on the decision of Hon’ble Mumbai CESTAT in case of M/s Mahanagar Gas Limited vs. CCEx [2014-