Articles by Bimal Jain

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Cenvat credit admissible on services of sales commission agent

Posted by Bimal Jain 15 February 2016 8487 Views

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

Posted by Bimal Jain 05 February 2016 22287 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 24238 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 22697 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 7855 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 6434 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 16025 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 21623 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 21459 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 8081 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




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