Articles by Bimal Jain

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

Posted by Bimal Jain 05 February 2016 22329 Views

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%

Posted by Bimal Jain 05 December 2015 24266 Views

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

Posted by Bimal Jain 17 November 2015 22741 Views

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

Posted by Bimal Jain 16 November 2015 7880 Views

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

Posted by Bimal Jain 16 November 2015 6464 Views

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

Posted by Bimal Jain 09 November 2015 16049 Views

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

Posted by Bimal Jain 31 October 2015 21649 Views

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

Posted by Bimal Jain 07 October 2015 21482 Views

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

Posted by Bimal Jain 11 September 2015 8088 Views

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

Government pushing GST to meet April, 2016 deadline

Posted by Bimal Jain 03 September 2015 15176 Views

Dear Professional Colleagues,Government pushing GST to meet April, 2016 deadlineEven though Parliament�s Monsoon Session could not turn into success, the Indian Government did not step-back and has been significantly working towards the success