Swachh Bharat Cess – Is it ‘Swachh’ way of introducing a new tax? “Taxes are the life-blood of any government, but it cannot be over-emphasized that the blood is taken from the arteries of the taxpayers and, the transfusion has to be accomplished in...
FTP Alert | Increase in the benefits granted under Merchandise Exports from India Scheme (MEIS) Dear Reader, This is to inform you that the government has recently amended the Schedule to Merchandise Exports from India Scheme (‘MEIS’) vide Public Notice No. 44/2015,...
CENVAT Alert | Utilisation of credit of Cesses by service provider Dear Reader, This is to update you on a recent Notification No. 22/2015-CE (NT) dated October 29, 2015, amending the Cenvat Credit Rules, 2004. The said Notification allows an output service provider...
Cenvat Alert | Full sales tax deductible in case of Net Present Value (NPV) based sales tax incentive scheme Dear Reader,Till now, draft model laws on GST (which underwent revision once) was in public domain and served useful guide to industry to plan migration to the...
Excise Alert | Supreme Court judgment holding differential excise duty not payable on account of retrospective price increase Dear Reader, This is to update you on a recent ruling of the Supreme Court in the case of Hitkari Fibres Limited. In this case, the assessee...
Cenvat Alert | Supreme Court holds buyer’s premises can never be the place of removal Dear Reader, This is to update you on a recent ruling of the Supreme Court of India in the case of Ispat Industries Limited. In this case, the assessee obtained transit...
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