Cenvat

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  Telcos Can Claim Tax Credit For Duties Paid On Towers, Others: Supreme Court

  In a relief to mobile service providers, the Supreme Court on Wednesday held that the telecom companies can take the benefit of CENVAT credit for payment of service tax on the output services rendered by them.

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  Industry Body FICCI For Credit Of GST Against Excise Duty On Petroleum Products

  Union Budget 2020: Until the introduction of GST on petroleum products, suitable amendments in the CENVAT (Central Value Added Tax) rules will lower the production costs for oil and gas companies, according to the industry body.

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  GST Rollout From July 1. How To Claim Taxes Paid On Goods In Stock

  The CBEC, under the revenue department, has mentioned various points as part of transition provisions to address three key issues: registration, credit of taxes on goods and transition without double taxation.

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  COAI Asks Govt To Remove Service Tax On Spectrum Allocation

  Amongst other pre-Budget suggestions, COAI has also said clarification is required on the scope of exempted service for the purpose of reversal of CENVAT credit,

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  Limits For Arrest, Prosecution Of Alleged Excise Duty Violators Hiked

  Arrest and prosecution of alleged excise tax violators can only be resorted to if the amount of penalty or tax evaded is equal to or more than Rs 2 crores.

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  Government Should Reconsider Krishi Kalayan Cess Imposition: Assocham

  Government should reconsider imposition of Krishi Kalyan Cess at 0.5 per cent on all taxable services as it will push production costs further, a report said.

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  Telecom Industry Body Submits Budget Recommendations

  Telecom companies have paid a significant fee for acquiring spectrum.

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  Stable Duty Regime Proposed to Promote Capital Goods Sector

  Government on Friday proposed a long term, stable and rationalised tax and duty structure to promote the capital goods sector, one of the most critical segments for achieving the vision of 'Make in India'.

• Opinion: Clarity on GST is Keenly Awaited

  This is expected to hog the limelight, says Abhishek Jain at EY.

• Central Excise books tax evasion cases of over Rs 25 crore

  Central Excise has booked cases against three entities for tax evasion of over Rs 25 crore for misusing cenvat credit facilities.