Articles by Pradeep Jain

There is rate change 'Return Utility' - No more utility

Posted by Pradeep Jain 08 September 2015 10219 Views

Introduction:-“Online” - the most used word in modern world; whether it is a “person” or a “procedure”, everyone and everything is online now. Compliance procedures of most of the legal provisions have become onlin

BCD Hike in Iron & Steel -Tough Amendment!

Posted by Pradeep Jain 18 August 2015 8341 Views

Introduction:- This article is an attempt to analyse the amendment made in the rates of basic customs duty applicable for various Iron & Steel Products vide Notification no. 45/2015-Customs dated 12.08.2015. This notification seeks to amend the e

GST: Hyped are the merits, hidden are the threats

Posted by Pradeep Jain 01 August 2015 21110 Views

Introduction:-The Goods and Services Tax (GST) is the most awaited reformation in the indirect tax structure of India which is planned to be implemented w.e.f. April 1, 2016. It has been the most happening topic in the parliament since December 19, 2

Amendment in proviso- textile

Posted by Pradeep Jain 25 July 2015 10197 Views

TRIPLE THE AMENDMENTS, TRIPLE THE HASSLE, NOW ALL IS WELL Introduction“Proviso”: when it is added to an exemption notification, brings out some conditions on fulfillment of which the benefit of notification will be allowed. Therefore, as

Recovery without SCN constitutionally valid?

Posted by Pradeep Jain 11 March 2015 11798 Views

MISTAKE IN DECLARING LIABILITY WILL LEAD TO RECOVERY WITHOUT SCNOrRECOVERY WITHOUT SCN-CONSTITUTIONALLY VALID? Introduction:- This article is an attempt to analyse the impact of amendment made in section 11A of the Central Excise Act, 1944 and sectio

Refund for deemed exports

Posted by Pradeep Jain 07 March 2015 18889 Views

Old practice of Government-High Court Decision undone!! Introduction:- It is a very old tactic followed by the government that when the interpretation taken by High Court or Supreme Court on an issue is consistently held against the revenue, the best

Additions in Reverse Charge Mechanism

Posted by Pradeep Jain 05 March 2015 14195 Views

The budget 2015 has also bought some additions to the reverse charge list. Altogether 3 services have been added to this list w.e.f. 01/04/2015 by notification no. 7/2015 dt 01/03/2015. These are: 1. Services provided or agreed to be provided by a mu

Exemption to E Cess & SHE Cess- Really lucrative?

Posted by Pradeep Jain 03 March 2015 16550 Views

Right from the common man to the corporates and foreign investors, where everyone was expecting the government to deliver a reform-oriented Budget, but the changes proposed in the Budget announced by the Hon’ble Finance Minister took all the ho

In place of arriving 'ache din' assessee misses 'good old days'

Posted by Pradeep Jain 03 March 2015 7454 Views

The 2015-2016 Finance Budget is was presented by Honble Finance Minister, Arun Jaitley on 28th February 2015. This budget was show time for the NDA Government that whether the lucrative promises made by the Prime Minister in his election campa

Service providers be ready to fulfill the dream of Modi's 'Swachh Bharat'

Posted by Pradeep Jain 02 March 2015 12181 Views

It is a regular practice of the government to follow tactics that are illusive and misleading. One of the tricks adopted by the government while increasing the rate of service tax is that during the Budget Speech, the Honble Finance Minister a