Articles by Bimal Jain

Cenvat credit admissible on services of sales commission agent

Bimal Jain 15 February 2016 at 10:47

Cenvat credit admissible on services of sales commission agentBackground:Even though the definition of �input services� given under Rule 2(l) of the Cenvat Credit Rules, 2004 (�the Credit Rules�) covers the services of sales p

Rebate or refund of SB Cess on exports & services used in SEZ

Bimal Jain 05 February 2016 at 11:42

Dear Professional Colleague,Rebate/refund of SB Cess on exports & services used in SEZ; Cenvat credit cannot be used for SB Cess & othersThe Central Government (�CG�) has issued various Notifications under the Service tax and the

GST rate recommended at 17-18%

Bimal Jain 05 December 2015 at 15:42

CEA led Panel recommends RNR at 17-18% and eliminating Additional Tax of 1% on inter-state supply of goodsBracing to roll out the new Indirect tax regime � Goods and Services Tax (�GST�) from April 1, 2016, the Central Government on

Online service providers like flipkart are not liable to VAT

Bimal Jain 17 November 2015 at 11:55

Online service providers like 'Flipkart' facilitating sale and purchase of goods through online portals cannot be considered as dealer of goods - Not liable for VATFlipkart Internet (P.) Ltd. Vs. State of Kerala [(2015) 62 taxmann.com 387 (Ke

Clarifications on various aspects of Swachh Bharat Cess

Bimal Jain 16 November 2015 at 12:22

Recently, the Central Government vide Notification No. 21/2015-ST and 22/2015-ST, both dated November 6, 2015 had appointed November 15, 2015 as the date from which, Swachh Bharat Cess (�SB

CBEC issues guidelines for speedy disbursal of pending refund claims to exporters of services

Bimal Jain 16 November 2015 at 12:22

The Central Board of Excise and Customs (�CBEC� or �the Board�) vide various Circulars/Instructions had laid down simplified procedur

Swachh Bharat Cess @ 0.5% on value of all taxable services levied from November 15, 2015

Bimal Jain 09 November 2015 at 11:42

Dear Professional Colleague,Swachh Bharat Cess @ 0.5% on value of all taxable services levied from November 15, 2015Pursuing with Mr. Narendra Modi�s Dream of Swachh Bharat, in Union Budget 2015, a provision was made for levying a Swachh Bharat

Credit of EC & SHEC can be used for payment of Service tax

Bimal Jain 31 October 2015 at 10:25

Dear Professional Colleague,Credit of EC & SHEC can be used for payment of Service taxWith the underlying theme of setting the stage for Goods and Services Tax (�GST�), the Union Budget, 2015 had proposed to do away with the Education

CBEC clarification on chargeability of Service tax on GTA and other IDT - Digests

Bimal Jain 07 October 2015 at 10:50

Dear Professional Colleagues,CBEC clarification on chargeability of Service tax on GTA and other IDT - DigestsBackground:Goods Transport Agency ("GTA") has been defined to mean any person who provides service to a person in relation to transport of g

No Special Session on GST as the Parliament prorogue Monsoon Session

Bimal Jain 11 September 2015 at 12:01

Dear Professional Colleagues,No Special Session on GST as the Parliament prorogue Monsoon SessionThe Cabinet has decided not to call for a Special Session to pass the much-hyped and much-delayed Constitution (122ndAmendment) Bill, 2014 on Goods and S