Non service providers can't claim Cenvat

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......

Meru Cabs caught in a legal row over Rs 120-crore tax claim

Meru Cabs, one of the first radio taxi services in the country, is contesting service tax notices sent to it since 2010 in the Bombay High Court. Meru, which launched in 2006, is dealing with four......

Govt likely to harmonise excise, service tax laws

As a prelude to the Goods & Services Tax (GST), the finance ministry might harmonise service tax and excise duty laws in Budget 2013-14. Also, it is likely to simplify Cenvat credit rules that......

MAT on SEZ can hurt investors' faith

Among the proposals specific to exporters in Budget 2011-12, the most controversial is the imposition of Minimum Alternate Tax on Special Economic Zone developers and units.One objective of the SEZ......