Articles by Prabhat Kumar

Amendments in Transitional Provision - Too Ambiguous?

Prabhat Kumar 18 September 2018 at 10:41

Fiscal statutes are a bit different from the general laws in the sense that it has to be read plainly and there is no scope for "read between the lines".

Refund under GST

Prabhat Kumar 12 August 2017 at 13:01

The administration of tax is run through a mechanism there by maintaining a fine balance between the revenue collection and cash follow available to the business.

Proposition in Composition Scheme under GST

Prabhat Kumar 12 August 2017 at 13:01

ax runs the society and the legislature always outreach to make the levy and collections of the tax in a broader base i.e. include as many persons as possible in the taxable net

Supply: It's time, value and exemption under model GST law

Prabhat Kumar 18 April 2017 at 11:20

In this paper we will try to examine the concept of supply, when it is considered supply and when the transaction is not considered as supply, time of supply and it�s valuation for the purpose of levy and collection of GST.

GST from the input tax credit perspective

Prabhat Kumar 20 March 2017 at 10:13

Availing the tax credit runs on the basic fundamental according to which any goods or services should not be taxed repeatedly. It means that all the taxes earli..

Evidentiary value of retracted statement

Prabhat Kumar 05 September 2016 at 10:49

Retracted statement cannot be used against the maker of the statement unless the charges are corroborated from independent sources.

Seizure of cash during investigation in central excise

Prabhat Kumar 03 September 2016 at 11:34

The cash is a vehicle to run the business and an unwarranted seizure only put breaks on the movement of the business. Not only this has the seizure of cash also..

Farewell to Cadila

Prabhat Kumar 11 June 2016 at 12:34

The cash is a vehicle to run the business and an unwarranted seizure only put breaks on the movement of the business

Assessment of Service Tax considering the free supply

Prabhat Kumar 09 June 2016 at 11:06

The inclusion or exclusion of value of free supply particularly in the case of Industrial and commercial construction has been a bone of conte

Section 35-F of central excise act, 1944

Prabhat Kumar 10 July 2015 at 10:50

Law has always been a dynamic subject and so is the interpretation of law. Section 35F of the Central Excise Acts provides deposit of “certain percentage of duty demanded or penalty imposed before filing of the appeal”. Earlier in this se