Service Tax is leviable on all services other than services which are specified under the negative list but trading (which is buying and selling of goods) is not a service and therefore it is specified under the negative list. This is to overcome the recent judgment of CESTAT, Ahmedabad in w

Latest amendment in the notification relating to exemption for supplies to International Competitive Bidding has been analysed by the author in the article in this issue. According to the article, domestic manufacturers may place reliance on the words “mutatis mutandis” in the pr

Transfer of Status Holder Incentive Scrip (SHIS) is the topic of discussion in this month’s article. Discussing the question as to whether mere issuance of sale invoice in favour of broker / intermediary by the seller status holder would amount to transfer of scrip, the author is of th

The dispute regarding determination of place of provision of entertainment to find out the jurisdiction of State which has the power to levy Entertainment Tax is discussed at length by the author in the article covered in this month´s issue of Tax Amicus.

Will compliance costs actually go down with introduction of GST? The article in this month’s issue of the Tax Amicus while analyzing GST set-up in different countries concludes that though the GST story has not fully been told as yet, it is perhaps right time for the trade to study the likely impact of GST on their compliance costs, and represent to the Empowered Committee and the Government before it is too late.

Offshore sale transactions and their treatment under the Central Sales Tax regime has been taken up for in-depth analysis in this November 2014 issue of Tax Amicus.

Issues relating to time limit for availment of Cenvat credit, as introduced recently, have been taken up for analysis in October 2014 issue of Tax Amicus. According to the author, there are number of issues like, time limit in case of re-credit, delayed receipt of goods from job worker, credit ava

Incentives by various Indian provincial or State Governments to manufacturers under regional Sales Tax or VAT provisions are discussed in the Article section of Tax Amicus this month. The author throws light on how these incentives are increasingly becoming disincentives to assessees under Central

New provisions brought into force with the assent of Finance (No. 2) Bill, 2014 with effect from 6-8-2014, requiring compulsory pre-deposit and withdrawing discretion of the appellate authorities / body to grant stay is discussed in this issue of Tax Amicus. According to the author of the article

Legal status of clarifications given by the Central Board of Excise and Customs (CBEC or Board) through its Budget 2014 instructions is the topic of discussion this month. According to the first article this month, these clarifications, though beneficial to the assessees, have not been supported b