Articles by Pradeep Jain

Colors of ambiguity still on Heena

Posted by Pradeep Jain 14 July 2014 2605 Views

There was dispute was going on between the trade and the Central excise department on the exemption on Heena Paste. This exemption was given in last year budget but there was ambiguity in drafting on such notification. We have written an article on t

New Government, New hopes: Excise & Service Tax law needs to be MODIfied

Posted by Pradeep Jain 01 July 2014 9182 Views

Introduction:- Whole country witnessed historic win of BJP lead NDA in recently concluded general elections. New government in the leadership of Mr. Narendra Modi is all set to prove its mettle of governance. With oath taking ceremony on 26.05.2014 a

Restoration of Charm of Settlement Commission

Posted by Pradeep Jain 26 June 2013 5594 Views

RESTORATION OF CHARM OF SETTLEMENT COMMISSION Introduction The budget for the financial year 2013-14 took a hard hand by drastically amending the penal provisions relating to the offences under the Central Excise and Service Tax law. Though thes

Credit Reversal on Trading of Flats- Questions that remains unanswered

Posted by Pradeep Jain 18 June 2013 14521 Views

Introduction:- This is a court of law, young man, not a court of justice. This phrase by Oliver Wendell Holmes, Jr. is remembered by every person who loses in court of law despite being genuine and working in boundaries of la

Cenvat Credit on services of commission agents

Posted by Pradeep Jain 12 June 2013 27124 Views

CENVAT CREDIT ON SERVICES OF COMMISSION AGENTS: A COMMON ISSUE WITH CONTRARY DECISIONS Introduction: Cenvat Credit has been a highly sensitive issue since its inception. The assessees always attempt to avail credit of every possibl

Duty increase in Compound Levy

Posted by Pradeep Jain 29 March 2013 12473 Views

Patta Patti manufacturers: Tempted to opt Cenvat Scheme Introduction: Compounded levy scheme was introduced in the Central Excise Law with the duty of Rs. 10000/- per machine per month in the year 1994. The scheme was simple with reasonable

Assortment of amendments in Penal Provisions of Service Tax

Posted by Pradeep Jain 18 March 2013 11665 Views

INTRODUCTION:- Beware if you are the one illicitly holding the government revenue!!! Government is all set to severely punish the people contravening the provisions of Finance Act, particularly, when one collect the service tax and fails to deposi

Critical reasoning of Notification no.03/2013 ST dated 01.03.2013

Posted by Pradeep Jain 04 March 2013 31046 Views

Introduction:- In previous budget, service tax law was shifted to negative list regime. Mega exemption notification no. 25/2012-ST dated 20.6.2012 was issued to prescribe the lis

Service Tax on Restaurant

Posted by Pradeep Jain 04 March 2013 33857 Views

SERVICE TAX ON RESTAURANT: A SMALL AMENDMENT MAKES A BROADER SCOPE OF SERVICE TAX Introduction:- Under negative list regime, the service tax was introduced on restaurants, eating joints and mess which have licence to serve the liquor and fac

Manufacture or production of goods "Negative list"

Posted by Pradeep Jain 26 July 2012 26460 Views

Manufacture or production of goods - an exemption or a litigation in negative list Introduction:- Exemptions and beneficial amendments are always prone to litigation w