Articles by Ashish Chaudhary
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Cenvat Credit disclosure in ST return-Practical Aspects: Part 2
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
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
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
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
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
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
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
ST return scrutiny: How to combat
Service Tax has been most targeted area of Central government for garnering revenue and it has been constantly undertaking measures to pluck the revenue leakage. One such measure has b
Availment of credit based on computer generated invoice: Pre and Post Budget 2015-16
Availment of Credit based on computer generated invoice: Pre and Post Budget 2015-16 CA Ashish Chaudhary
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