Articles by Bimal Jain

Changes in Service Tax, Excise, Customs Duty vide Union Budget 2016: Open issues

Posted by Bimal Jain 19 May 2016 14049 Views

The Union Budget, 2016, proposing flurry of changes in Indirect Taxes, has been a talk of the town since the day of its presentation. On May 5, 2016, the Lok Sabha passed the Finance Bill, 2016 and later on May 11, 2016, the Finance Bill, 2016 was pa

Finance Bill, 2016 enacted: Significant changes in Service Tax effective from June 1, 2016

Posted by Bimal Jain 17 May 2016 23324 Views

The Hon�ble Finance Minister Shri. Arun Jaitley presented the Union Budget for 2016-17 on February 29, 2016 in the Lok Sabha.

Effective Rate of Service Tax under Abatement, Reverse Charge and Valuation Rules after introduction of KKC

Posted by Bimal Jain 17 May 2016 17321 Views

Pursuing with an objective to finance and promote initiatives to improve agriculture and farmer welfare, the Gover

Goods imported / purchased inter-State used in Works contract, would be exempt from VAT

Posted by Bimal Jain 06 May 2016 10431 Views

Dear Professional Colleague,Goods imported/ purchased inter-State used in Works contract, would be exempt from VAT We are sharing with you an important judgement of the Hon�ble Supreme Court of India in the case of Commissioner of Delhi Value A

Union Budget 2016: Important changes in Excise & Customs effective from April 1, 2016

Posted by Bimal Jain 04 April 2016 11241 Views

Affirming that the economy is right on track, the Hon�ble Finance Minister Shri. Arun Jaitley presented the Union Budget for 20

Union Budget 2016: Important changes in Service Tax and Credit Rules effective from April 1, 2016

Posted by Bimal Jain 04 April 2016 14263 Views

Affirming that the economy is right on track, the Hon�ble Finance Minister Shri. Arun Jaitley presented the Union Budge

Increase in limitation period for issuing SCN - Is this "Ease of doing business"

Posted by Bimal Jain 14 March 2016 9168 Views

Dear Professional Colleague,Increase in limitation period for issuing SCN � Is this �Ease of doing business�Amongst the flurry of changes brought in by the Union Budget 2016 seeking to reform the Country�s taxation system and

Impact of increase service tax on Make in India

Posted by Bimal Jain 09 March 2016 7535 Views

Dear professional colleague,Krishi Kalyan Cess on all taxable services w.e.f. June 1, 2016 � Impact on �Make in India� and �Start-up India� driveAmidst huge expectations, the Hon�ble Finance Minister Shri. Arun Jai

7 - 7.75% growth in 2016-17: Key Highlights of the Economic Survey 2016

Posted by Bimal Jain 29 February 2016 6877 Views

Ahead of the Union Budget 2016, the Hon�ble Finance Minister Shri Arun Jaitley tabled today Economic Survey Report 2016 in the Parliament, outlin

Service tax leviable on any services provided by Government from 1st April 2016

Posted by Bimal Jain 27 February 2016 47825 Views

Dear Professional Colleague, Service tax leviable on any services provided by Government or Local Authority to a Business Entity w.e.f 1-4-2016 and issues thereinBackgroundPresently, in terms of Section 66D(a)(iv) of the Finance Act, 1994 (�the