Changes in CENVAT Credit Rules, 2004

To simplify the provisions related to availment of CENVAT Credit in respect of service tax paid on acquiring right to use of natural resources Central Government has made changes in Rule 4(7) of CENVAT Credit Rules, 2004 vide Notification No. 24/2016-CE (N.T),

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Re-credit of duty, paid through CENVAT Credit, is not allowed

Recently, Honble Ahmedabad CESTAT in the matter of Garden Silk Mills Ltd. vs. Comm. of Central Excise & Service Tax, Surat, (2016) 65 taxmann.com 101 (Ahmedabad-CESTAT),has held that payment of duty, pending adjudication of case, using the CENVAT credit balance appearing in books of account,

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Govt extends date for excise, service tax payment to December 20 in Tamil Nadu

The Revenue Department has extended the last date for payment of excise and service taxes in Tamil Nadu to December 20 in view of unprecedented rains which have disrupted normal life in Chennai and other areas. It has also extended the date

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HOW TO KNOW PAN, SERVICE TAX, EXCISE & TDS JURISDICTION

We provide you some method to verify your PAN Details, Service Tax Details, TDS Details, and Excise details online. PAN JURISDICTION / VERIFICATION To know about your pan jurisdiction click below link and enter your pan no. and verification code and submit. Know your PAN Jurisdiction

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Provisions of mandatory Pre-deposit under Section 35 of the Central Excise Act, 1944

Recently, the Allahabad High Court in the case of Ganesh Yadav Vs. Union of India, Allahabad, 2015 (39) S.T.R. 177 (All.) has distinguished the Kerala High Court decision in the case of Muthoot Finance Ltd. v Union Of India (2015 (320) E.L.T. 51 (Ker.)) and Andhra

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CBEC clarifies – Dealer registration not mandatory for Sale in Transit

Background: Vide Notification No. 8/2015-C.E. (N.T.), dated March 1, 2015, the following provisos were added to Rule 11(2) of the Central Excise Rules, 2002 (“the Excise Rules”) “Provided also that if the goods are sent directly to any person on the direction

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Due Dates for the month of April 2015

Important due dates in the month of April 2015 has been given below: 7 April 2015 – Due date for deposit of Tax deducted under Section 194-IA in the month of March, 2015 22 April 2015 – Due date for issue of TDS Certificate

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Finance Ministry hikes rate of Custom Duty on Vegetable Oils

The Central Government vide Notification No. 34/2014-Customs dated 24th December 2014 has increased the customs duty on crude and refined vegetable oils by 5 percent. The existing and amended rates are as under:-   S. No. Chapter or Heading or sub-heading or tariff

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