The new Cenvat rules continue to be restrictive and the rigid definitions adopted make the rules complicated and will lead to a lot of litigation in the future.Judging by the number of crucial......
The finance ministry is planning to cushion the small powerloom and handloom sector from the demands of conforming to the Cenvat chain of excise duty. Finance Minister P Chidambaram is expected to......
Most powerlooms in the Tirupur-Avinashi-Somanur-Palladam belt in Tamil Nadu, which stopped production since March 12, 2003, to protest against the 10 per cent central value-added tax imposed in the......
In a major relief to small companies, the government on Thursday relaxed Cenvat Credit Rules to exempt manufacturers paying excise duty of less than Rs 1 crore (Rs 10 million) from filing a......
The revenue department has clarified that a person who is not a service provider but discharges service tax liability on taxable services is not eligible to claim input credit or Cenvat.The......