Articles by CA Raman Singla

No Krishi Kalyan Cess on debtors as on 13th May 2016 - Part 2

CA Raman Singla 02 June 2016 at 10:33

The enabling provisions for KRISHI KALYAN CESS (KKC) are contained in Chapter � VI of Finance Act� 2016. As per the provisions, KKC shall be applicable at 0.5% on all taxable services and the proceeds of KKC would be exclusively used for

Simplified approach to service tax - Krishi Kalyan Cess

CA Raman Singla 17 May 2016 at 10:55

SIMPLIFIED APPROACH TO SERVICE TAX - KRISHI KALYAN CESS - CHAPTER VI OF FINANCE ACT� 2016BUDGET SPEECH(�152. I propose to impose a Cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services, proceeds of which would be exclusively

Requirement of setting up a business in India by a foreign company

CA Raman Singla 18 January 2016 at 10:53

ENTRY STRATEGIES FOR FOREIGN INVESTORS A foreign company planning to set up business operations in India has the following options: 1. AS AN INDIAN COMPANY A foreign company can commence operations in India b

GST- Return

CA Raman Singla 24 December 2015 at 18:27

A return is a statement of specified particulars relating to business activity undertaken by the taxable person during a prescribed period. A taxable person has a legal obligation: To declare his tax

GST Payment - Online or Manual?

CA Raman Singla 21 December 2015 at 16:33

One more Report of Joint Committee dated April 2015 was issued to give clarity on the issues relating Goods and Service Tax Payment.It is said that more the system and procedures are made electronic more is the efficiency of tax administration and gr

Three new & major notifications issued for Swachh Bharat cess

CA Raman Singla 14 November 2015 at 11:38

We carried the article on our website titled �Swachh Bharat Cess � Not so Swachh� containing the issues that needs to be settled by the board relating to Swachh Bharat Cess (SBC).The Board acted proactively and responded even when w

Let's Do Yoga - Service Tax Exempted

CA Raman Singla 14 November 2015 at 11:37

Good news for Baba Ramdev�!!!Will yoga classes carried by charitable institutions for consideration be chargeable to service tax?Charitable trusts organise yoga camps or other fitness camps and they generally are not free for participants, as

"Swachh Bharat Cess - Not so swachh"

CA Raman Singla 13 November 2015 at 14:48

The thrust of Modi Government towards clean India has made the government to impose Swachh Bharat Cess. With the objective of financing and promoting Swachh Bharat initiatives, enabling provisions were made in the Finance Bill� 2015 to empower

Treatment of Education Cess - Decent notification for service providers

CA Raman Singla 05 November 2015 at 10:38

As per the amendment made by Finance Act� 2015, the rate of service tax has been increased from 12.36% to 14% w.e.f. 01.06.2015. In this respect the issue which arise is that �Whether the cenvat credit of education cess which is available