Articles by Ashish Chaudhary

Disclosure of Rule 6 of Cenvat Credit in ST-3 Return - Practical Aspects - Part 3

Posted by Ashish Chaudhary 22 October 2015 14875 Views

Having discussed on the disclosure of availment and utilization of credit in previous two articles, we shall move on to examining applicability of Rule 6 of Cenvat Credit Rules to a service provider and its di

Cenvat Credit disclosure in ST return-Practical Aspects: Part 2

Posted by Ashish Chaudhary 20 October 2015 20432 Views

In the previous article, we had discussed regarding availment of credit while filing of ST-3 Return. It has been very encouraging to receive large number of queries on various aspects related to service tax return filing. To continue the series, in t

Cenvat credit disclosure in ST return- Practical aspects- Part 1

Posted by Ashish Chaudhary 14 October 2015 15013 Views

Tax credit in any value added taxation is the second most important aspect after the levy as it goes to reduce the basic cost. If credits are not available fully, it adds to the cost of the product or service resulting in cascading effect of taxes. I

Avoiding common errors in filing of service tax return

Posted by Ashish Chaudhary 03 October 2015 31320 Views

Self assessment under service tax has been started in the year 2001. In any self assessement taxation system, the onus is on the assessee to make true disclosure of all statutory information required to be disclosed. Non/wrong disc

Impact under GST on Job work transactions

Posted by Ashish Chaudhary 06 September 2015 11379 Views

Goods and Service Tax (GST) upcoming in India is likely to result in widening the tax base substantially by covering large number of potential taxpayers who are hitherto not covered in th

GST Transitional Challenges: Ongoing service contracts

Posted by Ashish Chaudhary 01 September 2015 10846 Views

India is on behest of implementing Goods and Service Tax (GST) which is said to be biggest tax reform since Independence. One impor

Disputed inputs service credits

Posted by Ashish Chaudhary 19 August 2015 10771 Views

The concept of set off where an assessee adding value is able to set off the taxes on his purchases, is an important one which enables one to avoid the cascading effect of ta

Neutralise artificial restrictions under Cenvat Credit Rules

Posted by Ashish Chaudhary 18 August 2015 7332 Views

Cenvat Credit scheme is designed to avoid cascading effects but it has been seen over a period that the government has been diluting the basic philosophy of the rule by introducing many arbitrary restrictions. This has been done to augment reve