Articles by Pradeep Jain

Budget 2015: Stepping stone to simplification?

Posted by Pradeep Jain 11 February 2015 17367 Views

As the budget session 2015 is approaching, the nation is garnering its own expectations. The assessees falling under the indirect tax net are no different. Struggling with the high end compliances and to cope up with the difficult rules to adhere, th

Partial Reverse Charge - Increase in complicacies

Posted by Pradeep Jain 06 October 2014 12735 Views

Introduction:- The date of 01.07.2012 was a critical date in service tax laws because from this date the service tax laws underwent gigantic change. The concept of Negative list&rdq

Tour Operators: Cry is still on, Budget 2014 partly wiped their tears

Posted by Pradeep Jain 12 August 2014 6325 Views

INTRODUCTION The budget 2014 has arrived and the Honble Finance minister has bought in several, if not many, changes in the service tax regime. In his endeavour to put the indirect tax laws in road to GST, he has avoided major changes but for

Circular for Input Service Distributor

Posted by Pradeep Jain 26 July 2014 16901 Views

Circular for Input Service Distributor: Ate, drank absolutely nothing, and broke the glass worth twelve cents INTRODUCTION: There may be more than one factory registered under Central Excise and running under the same management. In order to facili

Amendment in section 35E - Achhe din for Revenue

Posted by Pradeep Jain 25 July 2014 8901 Views

Introduction:- Dispute was going on the issue whether the first Appellate Authority or Tribunal can condone delay for late filing of review order under Section 35E(1) or not? As per Section 35E the Committee of Chief Commissioners is empowered to rev

To cut a long story short - excise duty not leviable on subsidy given to Fertilizers

Posted by Pradeep Jain 24 July 2014 5836 Views

Introduction:- Providing the food grains at affordable prices to the public at large is the key policy of any government. Effective production of food grains is not possible without the fertilizers. A fertilizer is a chemical or natural substance add

Government heading towards E-Collection of taxes

Posted by Pradeep Jain 17 July 2014 15266 Views

Introduction:- The Hon’ble Finance Minister, Mr. Arun Jaitley in his budget speech delivered on 10th July, 2014 had expressed his desire to create an e-biz platform that is aimed to create a business and investor friendly ecosystem in India by

Service Tax Exemption for Environmental Cause

Posted by Pradeep Jain 16 July 2014 7878 Views

Introduction:- The government led by Narendra Modi has made certain amendments that aim to streamline both social and environmental objects with a view to gain confidence of the public at large that supported them whole heartedly. One of such amendm

Extending Scope of Advance Ruling

Posted by Pradeep Jain 16 July 2014 6400 Views

EXTENDING ADVANCE RULING TO RESIDENT PVT. LTD. COMPANIES The Union Budget 2014-15 was announced by The Hon’ble Finance Minister ‘Arun Jeithly’ on 10.07.2014. In this budget, some amendments have been made in the regime of Indirect T

A Close Watch on Service Tax Defaulters

Posted by Pradeep Jain 14 July 2014 30732 Views

The Government has enhanced the rate of interest to be charged on delayed payment of Service tax under Section 75 of Finance Act, 1994. This increase in the rate is based on period of delay rather a single increased rate for any period of delay. Thus