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With the Goods and Service tax round the corner, the absorption of cascading effect of taxes on input services and goods becomes all the more important. The scope of meaning of the terminology used in the statutory laws creates a major hurdle is s
Marketing and advertisement are the most essential tools in any form of Industry, There are different types and forms of advertisement, in all forms of media viz., print, television, radio, etc. The advertisements promote a brand name, product/ser
Strange are the ways Tribunals of this country behave, reversing judgments has been on a spree and this time it’s a seven year old CESTAT judgment in the Daelim Industrial Co. Ltd. vs. CCE, Vadodara (CEO 2003 CESTAT 14), which ruled the issue o
The quantum of export and import determine the fiscal health of a nation. A hassle-free system and absence of bureaucratic approach, is a barometer for measuring the economic altitude a country has achieved. Government policies should be such that e
Which new services have been brought under the ambit of Service Tax with effect from May 8, 2010, i.e. the date of enactment of the Finance Act, 1994 (14 of 2010)? The Union finance minister had introduced the Finance Bill, 2010 in the Lok Sabha on
Matter likely to be litigated, with officials agreeing the law was unclear in the earlier editions of the IPL. The Union finance ministry may have to battle it out in court with the sponsors of the Indian Premier League (IPL) cricket tournament to
What are the obligations of manufacturer of dutiable and exempted goods and provider of taxable and exempted services under Cenvat Credit Rules 2004 - Rule 6? Goods and Service Tax may prove to be a giant step to crease out t
Finance minister lends a friendly hand to the ULIP and milks more service tax revenue from other In this age of liberalisation and global policies, the role of the regularity authorities becomes far more crucial. Unit Link Insurance Policy- ULIP is a
Service tax payment by big tax-payers enters electronic Era In this era of information technology, business is bound to be at the speed of thought and the government does not wish to lag behind. Manual payments through bank challans and other conv
We have come a long way from the ancient days of Lothal cargo ports. But be it Kandla or Mundra, Pipavav or Dahej, Porbandar, Sikka or upcoming Dholera, ports have always played a major role in the glory and success story of Gujarat. In the next dec
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