Articles by Bimal Jain

Overview of Service Tax Voluntary Compliance Encouragement Scheme, 2013 - Series 1

Posted by Bimal Jain 18 June 2013 32167 Views

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has been implemented with effect from May 10, 2013 with the enactment of the Finance Bill 2013. We have prepared and summarized overview of the Scheme for ease of your un

TDS on Immovable Property

Posted by Bimal Jain 04 June 2013 46157 Views

The Finance Bill 2013 had proposed to introduce Section 194IA to the Income Tax Act, 1961 (the ITA) which provided that the purchaser of an immovable property worth over Rs. 50 lakhs (other than agricultural land) is required to deduct

Electricity charge from tenant not chargeable to Service Tax

Posted by Bimal Jain 29 May 2013 26011 Views

Electricity charge recovered from tenant not includible in renting of immovable property We are sharing with you an important judgement of the Ld. Commissioner of Central Excise (Appeals), Chennai in the case of In Ticel Bio Park Ltd. (2013) 33 tax

Service Tax Return (ST-3)-Viewing, Revising and Late Filing

Posted by Bimal Jain 23 May 2013 102906 Views

Service Tax Return (ST-3) - Viewing, Revising and Late Filing Service Tax Returns (ST 3) for the period July -Sept, 2012, e-filed in ACES, can now be viewed by the Assesses under View Original ST3′ View ST3′ option

Every audit objection doesn't lead to Mens rea/ Penalty

Posted by Bimal Jain 20 May 2013 10232 Views

Every audit objection doesn't lead to invocation of extended period and levy of penalty We have summarized the important judgment of the Honble Tribunal in the case of LANDIS + GYR LTD. V. COMMISSIONER OF CENTRAL EXCISE [2013] 32 Taxmann.

No Reversal of Cenvat Credit on Input Services U/R 3(5)-CCR

Posted by Bimal Jain 06 May 2013 28226 Views

No Reversal of Cenvat credit on Input Services U/R 3(5) of CCR, 2004 as applicable for reversal of Cenvat credit on inputs or capital goods only We are sharing with you an important judgement of Honble Kolkata CESTAT in the case of M/s Seven

Cenvat credit on Construction can be used for ST on Renting

Posted by Bimal Jain 27 April 2013 33587 Views

Excise paid on Inputs and ST on Input services used in construction can be utilized for discharging ST liability on renting of immovable property The Honble Tribunal in the case of Oberoi Mall Ltd. Vs. Commissioner of Service Tax [2013-TIOL-

Installation of tank for Storage of Inputs outside Factory

Posted by Bimal Jain 23 April 2013 9210 Views

Services for installation of storage tank for storage of inputs outside factory are input services Important judgement of Honble Mumbai High Court in the case of M/s Deepak Fertilizers and Petrochemicals Corpn. Ltd. Versus Commissioner of Cen

No third time cess payable on DTA clearances from EOU to DTA

Posted by Bimal Jain 22 April 2013 21298 Views

No third time cess payable on DTA clearances from EOU to DTA The Larger Bench of the Honble Tribunal has held that no third time cess is payable on clearance from an Export Oriented Unit (EOU) to the Domestic Tariff Area Unit (

Whether ST payable on erection of pandal or shamiana

Posted by Bimal Jain 17 April 2013 15280 Views

Whether Service Tax payable on service provided by way of erection of pandal or shamiana The Central Board of Excise and Customs (the CBEC) vide Circular No. 168/3/2013, dated April 15, 2013 has issued clarification on following issue