Hidden ambiguity on Cenvat credit on rent-a-cab Refusing to CENVAT credit on rent-a-cab services is good for revenue officers. Period till 01.04.2011, courts and tribunals allowed the credit however with action of specific exclusion in the definition of ‘Input service’ so as to disallow the credit on rent-a-cab services, most of the assessee’s became ineligible […]
Opportunities in GST for Chartered Accountants Dreams of GST may be true very soon. The bill has been approved in Rajya Sabha by majority on 03.08.2016. GST may be implemented with effect from April 2017.
Taxability of Gift received by an individual or HUF It is important to note that such gifts received could have tax implications in the hands of the recipient; therefore, one needs to exercise caution so that he is not caught unawares.
Accounting treatment of CENVAT refund notification no 187/6/2015 In order to support the survival of exporter of services in international market and for the growth Indian economy, the Central Board of Excise and Custom department has provided the facility of refund of CENVAT credit under rule 5 of CENVAT credit rules, 2004.
Implementation of GST to attract more FDI ‘Around seventy two per cent respondents felt investments can rise across sectors and a big portion of this can are available the shape of FDI.