Articles by AKASH PHOPHALIA

View Full Profile

Admissibility of Cenvat credit without Registration

AKASH PHOPHALIA 27 December 2016 at 11:14

Cenvat credit admissibility is guided by the provisions framed in this regard in the Cenvat Credit Rules, 2004.

Amendment relevant for Final May 15 exam

AKASH PHOPHALIA 03 April 2015 at 10:57

AMENDMENTS-relevant for may 2015(amendments between may 14 to oct 14) Earlier Amendment Mega Exemption Notification (25/2012) (Effective form 11/07/2014) New Exemption Services provided by operators of

Snapshot of changes from Budget

AKASH PHOPHALIA 04 March 2015 at 10:27

BUDGET V (SNAPSHOT OF CHANGES IN SERVICE TAX FROM 01.04.2015) Exemptions The exemption presently available on specified services of construction, repair, maintenance, renovation or alteration services provided to the government, a local auth

Budget new registration processes

AKASH PHOPHALIA 03 March 2015 at 10:45

BUDGET III (New registration process) With effect from 01.03.2015 the new registration process shall come into force. The same has been ordered as:- Fill online form ST-1. PAN number is mandatory except for Government departments. E-mail an

Budget proposed dates for applicability of amendments

AKASH PHOPHALIA 03 March 2015 at 10:45

BUDGET I (Service Tax Proposed dates) The budget has introduced several changes in Service Tax laws. These changes aimed at widening the tax base and to pave the path for smooth implementation of GST. The amendments are categorized a

Why GST?

AKASH PHOPHALIA 26 December 2014 at 10:55

Presently the tax structure of India is very complex and Central and State both are charging taxes on goods. Although tax credit mechanism is in place but that too needs to be rationalized. Central is also imposing taxes on services. Lookin

Intermediary redefined - relevance of NT 42/2012 lost?

AKASH PHOPHALIA 18 December 2014 at 11:42

Intermediary redefined relevance of Notification 42/2012 lost? With the final Budget 2014 an amendment was proposed to change the definition of intermediary. The new definition introduced the words ..or supply of

CENVAT on Capital Goods - Part I

AKASH PHOPHALIA 18 December 2014 at 11:42

CENVAT credit is available on inputs, input services and capital goods. Rule 2(a) of Cenvat Credit rules, 2004 defines "Capital Goods"

Important Amendments for Nov 14 CA Final in Service Tax

AKASH PHOPHALIA 28 October 2014 at 10:40

Amendments Relevant for November 2014(Amendments between Nov 13 to April 14) Earlier Amendment Mega Exemption Notification 25/2012 (Following services are exempted) Services by way of sponsorship of spo

Interest under Service Tax

AKASH PHOPHALIA 20 August 2014 at 11:14

Interest Hammer on assessee- Illustrated Interest on Service Tax is charged in accordance with the provisions of Section 75 of Finance Act 1994. Rate of Interest up to 01/10/2014 is simple interest of 18% per annum on delayed payment of tax (3% conce