Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: articles on VAT and GST in India :: TDS :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: list of goods taxed at 4% :: cpt :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: VAT Audit
 
 
Service Tax »
 GST base looks set to be at least 25% wider than earlier tax regime
 Businesses struggle with multiple tax rates, returns
 Common use items exempt from e-way bill provision under GST
 Goods And Services Tax Sends Taxes Racing
 How GST lesson can unleash untapped potential of education sector in India
 Services sector PMI falls most in 4 years on GST
 Missing column in GSTR 3B form leaves input claims a shaky edifice
  Communication to the Central Excise/Service Tax Taxpayers on migration to GST
 GST not easy to implement but tax base expansion will benefit all
 Goods and Services Tax was not an easy reform to implement
 GST to expand tax base, bring down weighted average tax rate:

Providers of services to clients abroad must pay service tax
August, 06th 2013

Can a manufacturer sell/remove some of his inputs "as such" after adding a margin, bypassing the pro-rata excise duties? Will the answer differ if the material is removed to a related party engaged in the same line of manufacture?

As per Rule 3(5) of the Cenvat Credit Rules, 2004, when inputs on which Cenvat Credit has been taken are removed as such from the factory, you must pay an amount equal to the Credit availed in respect of such inputs and such removal must be made under cover of a Central Excise invoice. But such payment is not necessary where any inputs are removed for providing free warranty for final products. The situation is the same when you remove the inputs "as such" to a related party.

We are a manufacturer-exporter having an export obligation against capital goods imported under the EPCG licence. When we took the EPCG licence, we mentioned HS code of 100 per cent cotton yarns as the export product, as we wanted to manufacture and export that product. However, after setting up the plant, we manufactured cotton-based blended yarn which has a different HS code using the same machines. So, we applied to DGFT and our licence was amended to include cotton-based blended yarns also, but DGFT had delayed the amendment. In the intervening period, the Customs allowed us to export cotton-based blended yarn only if we did not mention the EPCG licence number on the shipping bill. Can we now approach Customs/DGFT to consider such exports towards meeting the EPCG obligation?

You may approach the EPCG Committee at the DGFT headquarters with the facts of the case and suitable evidence. I am hopeful that the committee will consider your case favourably.

We have supplied certain goods to a World Bank-aided project on payment of excise duty. Are we eligible for getting back the excise duty from DGFT?

Supplies to World Bank-funded projects are eligible for deemed export benefits if the supply is against International Competitive Bidding (ICB). For all supplies against ICB, refund of terminal excise duty is not available [Para 8.3 (c) of FTP]. You may avail of excise duty exemption available at S.No.336 of notification 12/2012-CE dated 17.3.2013, or under notification 108/95-CE dated 28.8.1995.

We provide engineering services to a firm in the US. We asked an engineer based in the US to interact with our customer for certain analysis and to submit a report to the customer. Are we required to pay service tax on the payment that we make to the engineer, even though his service is provided in the US?

Reading Rule 2(f) and Rule 9(c) of Place of Provision of Services Rules, 2012, the engineer is an 'intermediary' who facilitates provision of a service (the 'main' service) by you (the service provider) to your customer (the service reliever) and in such cases, your location is the place of provision of services. The engineer provides service to you and so, you have to discharge your service tax liability, under the reverse charge mechanism.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions