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Admissibility of Cenvat credit without Registration
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
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
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
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
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?
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?
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
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
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
Service Tax on Truck Owners
Service Tax on Truck Owners Services provided by way of transportation of goods by road are in the negative list in clause (p) of Section 66D. However, such clause makes an exclusion of services provided by Goods Transport Agency. Thus, it can be inf
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