"18 August 2015" Archive - Page 4

Don’t Follow, Be Divergent

Many times we wonder why life is the same every day. Why is it same for everyone. Getting up every day, doing our chores, going to work, be back home and repeat. It is like we are running a race against time. We want things to change. ...

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Posted Under: CA, CS, CMA |

BCD Hike in Iron & Steel-Tough Amendment!

Introduction:- This article is an attempt to analyse the amendment made in the rates of basic customs duty applicable for various Iron & Steel Products vide Notification no. 45/2015-Customs dated 12.08.2015. This notification seeks to amend the exemption notification no. 12/2012-Cus dated 17.03.2012 which prescribes exemption from the...

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Posted Under: CA, CS, CMA |

Introduction to Indian GST

First we need to understand the present indirect tax system. There are endless taxes in the present system. Few of them have been levied by the Centre and rest levied by the States. Govt. draws the power to levy Tax from the constitution. There are many shortcomings in the Present Indirect Tax structure. ...

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Posted Under: CA, CS, CMA |

Can department force assesse to exercise a particular option under Rule 6 of CCR’04 in case of any procedural lapse?

Reliance in this connection can be placed on the decision of Hon’ble CESTAT Mumbai in case of M/s Mercedes Benz India (P) Ltd vs CCEx [Appeal No E/85725/13-Mum] pronounced on 16-07-2015 wherein the appellant is a manufacturer of motor vehicle as well as engaged in trading of goods. ...

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Posted Under: CA, CS, CMA |

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