Articles by CA. SRIKANTHA RAO T

Goods & Service Tax - An overview

CA. SRIKANTHA RAO T 11 December 2015 at 10:53

The Goods and Services Tax has frequently been in the news for the last one year or so ever since the new Government has come to power. It is worthwhile noting that introduction of GST as it is referred to, has been in the pipeli

Posted in VAT | 2 comments | 9792 Views

Benefit to exporters under foreign trade policy 2015-2020

CA. SRIKANTHA RAO T 15 May 2015 at 10:54

By CA Srikantha Rao TThe Foreign Trade Policy 2015-2020 effective from 1st of April 2015 provides quite a few incentives to exporters of goods and services in India considering the �Make In India� initiative of the Central Government. Two

Posted in Custom | 5 comments | 22578 Views

Refund of Cenvat Credit for a Service Exporter - An Issue

CA. SRIKANTHA RAO T 30 July 2014 at 10:57

By CA Srikantha Rao T (B.Com, FCA) Refund of cenvat credits has been an issue which has been plaguing the service sector for the last few years with quite a few amendments being brought about in the procedure for refund ostensibly to ease the refund

Posted in Service Tax | 1 comments | 22890 Views

Transfer of Right to use and Software Licensing

CA. SRIKANTHA RAO T 12 June 2014 at 11:51

By CA Srikantha Rao TThe introduction of the category of Information Technology Software Service as a taxable service category u/s 65(105)(zzzze) of Chapter V of Finance Act 1994 with effect from 16th May 2008 led to issues regarding the taxability o

Posted in Service Tax | 10377 Views

Work Contract Vs Sale - Decision of Constitution Bench

CA. SRIKANTHA RAO T 09 May 2014 at 12:48

The issue of taxability of works contracts under VAT and Service Tax is something which has confronted assessees leading to frequent referrals to Courts over the years. While the issue of taxability under Sales Tax has led to ref

Posted in Service Tax | 2 comments | 21900 Views

Customs Valuation of Imports - Related Party Transaction

CA. SRIKANTHA RAO T 02 May 2014 at 11:13

The opening up of the Indian economy around two decades ago followed by some of the Multinational Corporations setting up manufacturing units in the country brought into focus the provisions pertaining to valuation of goods impor

Posted in Service Tax | 3 comments | 34815 Views

Service Tax On Services By Resident Welfare Association

CA. SRIKANTHA RAO T 25 April 2014 at 11:04

Assessees in general have been confronting various issues under Service Tax ever since the introduction of the negative list based taxation with effect from 01st of July 2012. One of the issues being talked about now is that of s

Posted in Service Tax | 1 comments | 23046 Views

Utilisation of Cenvat Credit For Education Cess Payment

CA. SRIKANTHA RAO T 04 April 2014 at 11:42

UTILISATION OF CENVAT CREDIT FOR EDUCATION CESS PAYMENT A MANUFACTURERS PERSPECTIVEBy CA Srikantha Rao T The introduction of Cenvat Credit Rules 2004 which facilitated cross utilization of credits in terms of Service Tax on input servi

Posted in Excise | 39117 Views

Service Tax And Reimbursements

CA. SRIKANTHA RAO T 10 December 2012 at 13:37

Ever since the introduction of Service Tax we have had to contend with a plethora of issues concerning the subject. While issues concerning levy and classification are being faced by assesses e

Posted in Service Tax | 8 comments | 34044 Views