Cenvat Credit

Telecom company plans to contest alleged contravention regarding CENVAT credit transition

Budget 2016: Mixed bag for telecom industry: EY

On one hand the industry would take a sigh of relief as this would render such transactions outside the purview of VAT however, on the other hand levy of Service tax would result in significant blockage of funds in credits.

Why is India Inc stressed by Swachh Bharat cess

The industry has found out that there is no Cenvat credit or input credit available on Swachh Bharat Cess. This will have a cascading effect — which means the effective tax rate will be marginally more than the 14.5 percent on paper, which will hit the bottomline of companies

Insurance cos under service tax net for flouting rules

According to the audit, many insurance companies wrongfully availed of the central value-added tax (CENVAT) scheme to avoid taxes on certain services.

Budget Expectations: Telecom sector dials in with demands from Budget 2012

Here is a comprehensive list of demands from the world's fastest growing market- India Telecom. Will Budget 2012 connect with their wants?

Analysis: How tax levy on healthcare can be rolled back

Faced with criticism from all fronts on the levy of service tax on healthcare, the finance ministry is considering various options for a rollback of the levy. It is of the view that with input tax credits, the effective tax incidence will actually decrease, reports CNBC-TV18’s Aakansha Sethi.