“Wishing you all a Happy New Year, Navratri, Cheti Chand, Sajibu Cheiraoba, Ugadi, Navreh and Gudi Padwa! The names are different but the Essence is ONE – – BE HAPPY AT ALL TIMES”
Indirect Tax Digests
[April 8, 2016]
SERVICE TAX
- High Courts (Kolkata, Gujarat & Delhi) stay Service tax on Senior Advocates [Bar Association, High Court, Calcutta & Anr Vs. Union of India & Ors (2016-TIOL-675-HC-KOL-ST)]
- Any delay in grant of refund beyond 3 months would entitle assessee to claim interest on belated refund under Section 11BB of the Central Excise Act, 1944 [Union of India Vs. Hamdard (Waqf) Laboratories [(2016) 67 taxmann.com 125 (SC)]
- Due date for filing Service Tax Return for the period Oct 2015 – March 2016 is April 25, 2016; e-filing Offline Utility are now available on the ACES website [http://acesdownload.nic.in/]
CENTRAL EXCISE
- New classification cannot be done at the Tribunal stage for the first time [Precision Rubber Industries Pvt. Ltd. Vs. Commissioner of Central Excise, Mumbai (2016-TIOL-28-SC-CX)]
- Interest is not payable if differential duty is paid before finalization of provisional assessment [Commissioner of Central Excise, (ST) LTU, Chennai Vs. Tube Products of India (2016 (67) Taxmann.com 150 (Chennai-CESTAT))]
- Central Excise Returns: ER-1 for the month of March 2016 due on April 10, 2016/ ER-3 for the quarter ending March 2016 due on April 20, 2016; e-filing Offline Utilities are now available on the ACES website [http://acesdownload.nic.in/]
CUSTOMS
- Reversal of the Cenvat credit is not required if the imported goods were re-exported under Bond [MRF Ltd. Vs. Central Excise and Service Tax (2016 (3) TMI 439 – Tribunal Chennai)]
- Royalty and Technical know-how fee paid in respect of domestic sale not includible in assessable value of imported goods [Kimberly Clark Lever Ltd. Vs. Commissioner of Customs (import), Mumbai (2016 (3) TMI 255 – Tribunal- MUMBAI)]
An insight into the Union Budget, 2016
Videos on Union Budget, 2016:
- Important changes in the arena of Indirect Tax – Service Tax & Excise: https://www.youtube.com/watch?v=n8EZYleZbzU
- Reactions on Union Budget 2016 by Bimal Jain: https://www.youtube.com/watch?v=lm1B71zMWK4
Important changes in Indirect Taxes effective from April 1, 2016:
- Service Tax & Cenvat Credit Rules, 2004: http://www.a2ztaxcorp.com/union-budget-2016-important-changes-in-service-tax-and-credit-rules-effective-from-april-1-2016/
- Central Excise & Customs: http://www.a2ztaxcorp.com/union-budget-2016-important-changes-in-excise-customs-effective-from-april-1-2016/
Important Post Budget Articles:
- Krishi Kalyan Cess on all taxable services w.e.f. June 1, 2016 – Impact on “Make in India” and “Start-up India” drive: http://www.a2ztaxcorp.com/krishi-kalyan-cess-on-all-taxable-services-w-e-f-june-1-2016-impact-on-make-in-india-and-start-up-india-drive/
- Increase in limitation period for issuing SCN – Is this “Ease of doing business”: http://www.a2ztaxcorp.com/increase-in-limitation-period-for-issuing-scn-is-this-ease-of-doing-business/
- Indirect Tax Dispute Resolution Scheme, 2016: Clouds of doubt on success quotient:http://www.a2ztaxcorp.com/indirect-tax-dispute-resolution-scheme-2016-clouds-of-doubt-on-success-quotient/
- Scope of exempted services for reversal of Cenvat Credit under Rule 6 of the Credit Rules – Alarming Bell: http://www.a2ztaxcorp.com/scope-of-exempted-services-for-reversal-of-cenvat-credit-under-rule-6-of-the-credit-rules-alarming-bell/
Connect with us at Bengaluru, Kolkata and Dhanbad
We are pleased to announce further expansion of our Associate Firm at Bengaluru, Kolkata and Dhanbad, comprising of professionals having vast experience into Indirect Taxation. It will be our profound pleasure to serve you at our new locations with the same zeal, quality and expertise.
Brief Profile of our Associate Partners:
| CA Jayesh Gupta
He is renowned Chartered Accountant with experience of more than 20 years in the field of Taxation. He has advised well-known national as well as multinational manufacturing, trading and service entities on multifarious Direct and Indirect Tax issues during his association with the PWC & KPMG. He is also a visiting faculty at XLRI Jamshedpur, Direct Taxes Training Institute (NACEM). He is a renowned faculty and expert in the field of taxation including international taxation. |
Mr. Niraj Harodia
He is a well- known advisor in the matters of indirect taxation having experience of more than 10 years. He was earlier associated with Deloitte, India and thereafter started his own practice in the field of Direct and Indirect Taxation. With over 10 years of experience he has advised service entities in various Indirect Taxation matters. |
Mr. Roshan Bajaj
He has experience in diverse fields of knowledge like system development, internal financial controls, corporate laws, IndAS implementation etc. He was also associated with the firms like Deloitte, India and now he is an entrepreneur. |
We can now be contacted at below mentioned address:
| Bengaluru Office:
Contact Person: Mr. Jayesh Gupta, Adarsh Residency, Block F, 4th Floor, (F404) 47th Cross, Jayngar 8th Block, Bengaluru,Karnataka-560070
Phone: +91 9831220678 Email: bengaluru@a2ztaxcorp.com |
Kolkata Office:
Contact Person: Mr. Niraj Harodia, 10 Bow Street, 2nd Floor, Near Central Metro Station, Besides Calcutta Motor Dealers Association, Kolkata, West Bengal-700012
Phone: +91 33 40050615/ 8017467202 Email: kolkata@a2ztaxcorp.com |
Dhanbad Office:
Contact Person: Mr. K.K. Harodia, 2nd Floor, Shree Laxmi Complex, Dhanbad, Jharkhand- 826001 Phone: +91 9431120134/ 3262302066 Email: dhanbad@a2ztaxcorp.com |
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Hope the information will assist you in your Professional endeavors. In case of any query/ information, please do not hesitate to write back to us.
Thanks & Best Regards,
Bimal Jain
FCA, FCS, LLB, B.Com (Hons)
Author of a book on GST, titled, “GOODS AND SERVICES TAX – INTRODUCTION AND WAY FORWARD” (1st Edition)
A2Z TAXCORP LLP
Tax and Law Practitioners
Delhi:
Flat No. 34B, Ground Floor,
Pocket – 1, Mayur Vihar Phase-1
Delhi – 110091 (India)
Tel: +91 11 22757595/ 42427056
Allahabad:
B2-3/4-31 Sarojani Apartments
Sarojani Naidu Marg
Allahabad – 211001
Chandigarh:
H. No. 908, Sector 12-A,
Panchkula, Haryana – 134115
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