Articles by CA. SRIKANTHA RAO T

Goods & Service Tax - An overview

Posted by CA. SRIKANTHA RAO T 11 December 2015 9965 Views

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

Benefit to exporters under foreign trade policy 2015-2020

Posted by CA. SRIKANTHA RAO T 15 May 2015 23152 Views

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

Refund of Cenvat Credit for a Service Exporter - An Issue

Posted by CA. SRIKANTHA RAO T 30 July 2014 23150 Views

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

Transfer of Right to use and Software Licensing

Posted by CA. SRIKANTHA RAO T 12 June 2014 10644 Views

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

Work Contract Vs Sale - Decision of Constitution Bench

Posted by CA. SRIKANTHA RAO T 09 May 2014 22825 Views

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

Customs Valuation of Imports - Related Party Transaction

Posted by CA. SRIKANTHA RAO T 02 May 2014 35531 Views

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

Service Tax On Services By Resident Welfare Association

Posted by CA. SRIKANTHA RAO T 25 April 2014 23215 Views

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

Utilisation of Cenvat Credit For Education Cess Payment

Posted by CA. SRIKANTHA RAO T 04 April 2014 39303 Views

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

Service Tax And Reimbursements

Posted by CA. SRIKANTHA RAO T 10 December 2012 34295 Views

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