The new rules namely, Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2016 shall come into force on 1.4.2016. As per new rules, following procedure is to be followed:-
Budget 2016 has been introduced and it has bought some major changes in the Cenvat credit scheme by amending the Cenvat Credit rules, 2004. One such change has been introduced in the rule 7 which relates to the input service distributer. With a view to improve credit flows between different manufacturing / service locations, Rule 7 dealing with distribution of credit on input services by an Input Service Distributor is being completely rewritten by way of substitution of the existing Rule 7 of the CCR.
Article Covers the Following Changes made by Finance Bill 2016 in Service Tax Provisions Related to:- Service Tax Rate, Chapter V Of Finance Act 1994 ( Service Tax Provisions), Service Tax Rules 1994, Exempted List Of Services, Point Of Taxation Rules 2011, Abatement Provisions, Reverse Charge Provision, Interest Rate For Delayed Payment Of Service Tax, Clarification Brought In ‘Information Technology Software’ W.R.T Levy Of Excise Duty Or Service Tax
Article Covers the Following Changes made by Finance Bill 2016:- 1. In Central Excise Act, 1944 2. in Central Excise Rules, 2002 3. in Cenvat Credit Rules, 2004 4. Miscellaneous Amendment Made to Other Rules and Related Notifications
As per sec.115JB (2A), the tax credit shall be the difference of tax paid for any AY under 115JB(1) and the amount of tax payable on his total income computed in accordance with the other provisions of this Act.
Start Up: The common man understands the word start up that when he starts any business. And the same is exactly true. But this word “START UP” is the word of every mouth since January 16, 2016. Because our Prime Minister Narendra Modi has unveiled a policy for the start ups and gave this word […]
In my first part of the Article ‘Excise on Ready Made Garments and Made Ups-Post Budget-2016’ we had presented a brief note on applicable Central Excise with effect from 1st of March, 2016 on Readymade Garments and Made Ups. In this part, we are sharing further clarifications on the issue including who is to obtain registration under central excise, the job working units or the brand name owners and have exemplified the calculation of Central Excise Duty under different options.
Hon’ble Shri Justice Sanjay K. Agrawal Order On Board 1. The important question of law that emanates for consideration is whether the Entry Tax under the provisions of the Chhattisgarh Sthaniya Kshetra Me Mal Ke Pravesh Par Kar Adhiniyam, 1976 can be levied upon the goods brought into railway area where the petitioners are carryingon […]
Seeking expunction of certain offending/objectionable remarks in the judgment delivered on 09.12.2014 by learned Second Additional Sessions Judge, Sakti, District Janjgir-Champa (Chhattisgarh) in Sessions Trial No. 21/2014 in the matter of State of Chhattisgarh v. Gangaram Bareth and others, the petitioner herein has filed this writ petition on the following factual backdrop:-
Infrastructure and Industries, together they are amongst the few crucial areas of economy which determine the growth of a country by measuring the real development in their current state. Given the fact that investment in infrastructure is directly proportional to high economic growth; India has well utilized and encashed on the equation
