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Archive: 25 December 2013

Posts in 25 December 2013

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7167 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Trade Discount after Issue of Invoice – Is it a Sales Tax ‘Mirage’?

December 25, 2013 31717 Views 0 comment Print

The intent behind this write-up is to discuss the intricacies of several seemingly inconsistent judgements which have made the matter of availing trade discount a discounting issue in itself.

Free Supplies Does Not Constitutes Non Monetary Consideration under Service tax

December 25, 2013 3108 Views 0 comment Print

Free supplies provided by service recipient to service provider for use in provision of service shall not be considered in the ambit of gross amount charged as contained in notification 15/2004 including the explanation thereto as introduced by Notification No. 4/2005-ST.

10 Qualities of Sachin Tendulkar That Can Make Your Professional Career / Studies Flourish

December 25, 2013 25367 Views 0 comment Print

Having my morning tea and just as today it has sunk in that the Little Master from India has retired now from all forms of cricket could not resist myself from writing this blog about the qualities that he has portrayed for last 24 years in his personal and professional career.

Eligibility of Cenvat Credit on Input Service Debit Notes

December 25, 2013 3122 Views 0 comment Print

Cenvat Credit is always subjected to many queries, restrictions and ambiguities regarding its eligibility on both the legal and documentary (physical) end. In such a Scenario it becomes essential to understand the conceptual framework before establishing the eligibility of Proper Cenvat Document.

Brief Discussion on Drafting of Agreement

December 25, 2013 3278 Views 0 comment Print

Agreements are the essential of our day to day life. We need to draft various agreements for different matters. Suppose, we are purchasing a home or renting a home, doing any business, the agreement is required after every step.

Haryana VAT : Taxability of civil works contracts/ builders and developers

December 25, 2013 14628 Views 0 comment Print

Recently Haryana VAT department has released a circular which might be of interest to the developers & builders across the state and conducting operations in Haryana. The Circular is No. 152/ST-1 dated 7th May, 2013 wherein several aspects in regard to taxability of civil works contracts/ builders and developers are clarified by the department.

A Sedan is Not A SUV thus only 27% Duty – Central Excise (DR-TRU)

December 25, 2013 1927 Views 0 comment Print

Yes that’s how the Central Excise clarifies it, much to the relief of Sedan car manufacturers in its recent Circular No. 972/06/2013.CX dated 24th July, 2013. The issue gains significance from the fact that notification No. 12/2013-Central Excise dated 1st March, 2013 (vide Budget 2013-14) introduced a higher level of excise duty i.e. at the rate of 30% on motor vehicles of engine capacity exceeding 1500 cc,

Punjab VAT : VAT on iron, steel items slashed

December 25, 2013 967 Views 0 comment Print

NEW REGIME RESTRUCTURED FOR IRON & STEEL INDUSTRY UNDER THE PUNJAB VAT ACT 2005 LIKELY TO BE INTRODUCED  FROM 01 FEB 2014 Punjab Government has announced to slash VAT rate on Scrap (Melting & Rolling), ingots, billets, blooms or other semi finished goods, finished goods, interstate sales to 2.5% from 4.95% with surcharge of 10% […]

Advance Tax Payment Under Punjab VAT Act,2005

December 25, 2013 7069 Views 1 comment Print

The Punjab Government has introduced the new tax i.e. Advance Tax by making an amendment in the Punjab Value Added Tax Act, 2005 on the import of the certain goods in the State of Punjab. The advance tax is attracted on 30 items the list of the same is enclosed for your kind reference as earlier entry tax was attracted on 26 items but by introduction of advance tax,

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