Taxing times: With GST, a multi-location service provider would file atleast 37 returns per yearIdentical to most reforms across the globe, GST too is expected to be a mixed bag of pluses and minuses for a business.
23 May, 2017, 10.40 AM IST
Telecom tower firms to approach FM Arun Jaitley for adding diesel as an 'input' under model GST lawThey will also seek tweaks in the GST levy valuation mechanism and an overhaul of rules linked to availing of input tax credits.
08 Aug, 2016, 12.45 AM IST
Government should reconsider imposition of Krishi Kalyan CessCredit of such cess shall be allowed as Cenvat credit for payment of cess by a service provider. However, manufacturing units will be unabl...
09 May, 2016, 04.08 PM IST
Government sets 5-day timeline for 80% service tax refundSeeking to fast-track service tax refund to exporters, CBEC fixed a timeline for 80 per cent payment of the total amount claimed.
10 Nov, 2015, 10.30 PM IST
Budget 2014: Government may tweak rules to ensure smoother tax credits on inputs"We are looking at the rules," said a government official, indicating that changes could be in order in the budget that is to be announced ...
30 Jun, 2014, 01.01 PM IST
- Budget 2011: PETROFED recommends reduction of custom duty on imported crude to nil
Petroleum Federation of India (PETROFED) has recommended reduction of custom duty on imported crude to nil.
08 Feb, 2011, 07.00 PM IST
- No Cenvat credit on excise-duty exempted broken bottles: CBEC
The manufacturers of bottled beverages will no more be able to retain the Cenvat credit or the tax set-off paid on inputs, claimed on broke...
11 Jul, 2010, 01.53 PM IST
- Cos to pay interest on incorrect Cenvat credit
Companies will have to bear interest on any cenvat credit wrongly taken even if it is not utilised, according to the Central Board of Excis...
05 Sep, 2009, 04.11 AM IST
- CBEC allows cos to carry forward Cenvat credit
A Central Board of Excise & Customs circular, clears the air on utilisation of Cenvat credit and is expected to lead to saving of crores of...
03 Feb, 2009, 03.47 AM IST
- Customs, excise and service tax queries
Customs, excise and service tax queries.
01 Sep, 2008, 01.28 AM IST
- Service tax burden on renting of immovable property unjust
Even before the wound caused due to levy of service tax in the recent Budget on renting of immovable property was yet to be healed, here is...
07 Jan, 2008, 12.09 AM IST
- Centre finetunes Cenvat rules for manufacturing, service cos
Manufacturers and service providers will now be liable to pay duty if capital goods, on which Cenvat credit has been taken, are removed aft...
16 Nov, 2007, 03.21 AM IST
- Tax to be paid if CGs sold after taking cenvat credit
Manufacturers and service providers will now be liable to pay duty if capital goods (CGs) on which cenvat credit has been taken are removed...
15 Nov, 2007, 03.33 AM IST
- Exempted by-product no longer gives relief
Of late, official circles have expressed a lot of concern over alleged mis-utilisation of the CENVAT.
18 Jan, 2007, 03.16 AM IST
- Cos can claim service tax on mobiles as Cenvat
Companies can now claim the service tax they pay on cellphones as Central value-added tax (Cenvat) credit.
14 Sep, 2006, 01.30 AM IST
- Cenvat rules for finished excisable goods eased
The Centre has decided to exempt most industrial units from filing the annual declaration about principal inputs used by them for manufactu...
26 Nov, 2004, 12.43 AM IST
- Ficci submits suggestions to finmin to modify Cenvat rules
THE Federation of Indian Chambers of Commerce and Industry has submitted a six-point strategy to the finance ministry to modify Cenvat rule...
31 Dec, 2001, 02.42 PM IST