Salim Akhtar

A Panic of Cenvat On Structural Steel

Excise Duty - The Cenvat Credit scheme under Cenvat Credit Rules, 2004 was gifted by the Central Government of India in place of old Modvat Scheme, in the year 2004 to the manufactures, dealers, importers and service providers. In the first instant, the Cenvat scheme was looked very simple, easy, excited, error or hassle free, undisputed and un-litigat...

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‘Sale in Transit’ an Apparatus of Harassment

Excise Duty - ‘Sale in transit’ (subsequent sale) under Section 6(2) of Central Sales Tax (CST) Act 1956 has become ‘an apparatus of harassment’ for the suppliers of the goods (manufactures or dealers). The State Revenue Assessing Officers are enjoying this tool by imposing taxes and penalties by treating it as ‘pre-determined’ sale under S...

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Cenvat Credit of Input Services In ‘Setting-Up’ of A Factory

Excise Duty - With effect from 01.04.2011, the Government has provided an equipped weapon to Revenue Officers by deletion a word i.e. ‘Setting-up’ from the definition of input services vide Notification No. 03/2011-CE(N.T.) dated 01.03.2011, to dispute the Cenvat Credit of Input Services, availed in relation to ‘setting-up’ a factory. Prior to ...

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Service Tax on Private Railway Sidings

Excise Duty - In present trend, a large number of business entities for their mega projects are procuring land for setting up their plants or factories as well as for laying railway tracks for developing of their own railway sidings within factory premises and connecting the same from a nearby railway station for ensuring smooth transportation of fuels...

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Recent Posts in "Salim Akhtar"

A Panic of Cenvat On Structural Steel

The Cenvat Credit scheme under Cenvat Credit Rules, 2004 was gifted by the Central Government of India in place of old Modvat Scheme, in the year 2004 to the manufactures, dealers, importers and service providers. In the first instant, the Cenvat scheme was looked very simple, easy, excited, error or hassle free, undisputed and un-litigat...

Read More
Posted Under: Service Tax |

‘Sale in Transit’ an Apparatus of Harassment

‘Sale in transit’ (subsequent sale) under Section 6(2) of Central Sales Tax (CST) Act 1956 has become ‘an apparatus of harassment’ for the suppliers of the goods (manufactures or dealers). The State Revenue Assessing Officers are enjoying this tool by imposing taxes and penalties by treating it as ‘pre-determined’ sale under S...

Read More
Posted Under: Service Tax |

Cenvat Credit of Input Services In ‘Setting-Up’ of A Factory

With effect from 01.04.2011, the Government has provided an equipped weapon to Revenue Officers by deletion a word i.e. ‘Setting-up’ from the definition of input services vide Notification No. 03/2011-CE(N.T.) dated 01.03.2011, to dispute the Cenvat Credit of Input Services, availed in relation to ‘setting-up’ a factory. Prior to ...

Read More
Posted Under: Service Tax |

Service Tax on Private Railway Sidings

In present trend, a large number of business entities for their mega projects are procuring land for setting up their plants or factories as well as for laying railway tracks for developing of their own railway sidings within factory premises and connecting the same from a nearby railway station for ensuring smooth transportation of fuels...

Read More
Posted Under: Service Tax |

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