by ReinHeads Team | May 9, 2015
Passing of the Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014 (“the Bill”) by the Lower House of the Parliament is a big milestone in the process of implementation of Goods and Services Tax (“GST”). Given the different political equation in the... Read More
by ReinHeads Team | Apr 13, 2015
One of the key changes introduced in theUnion Budget 2015-16is exemption from the levy of Special Additional Duty (‘SAD’) on the import of goods covered by the Information Technology Agreement (‘ITA bound items’),which are meant for use in the Information Technology... Read More
by ReinHeads Team | Mar 12, 2015
One of the crucial changes proposed in the Union Budget 2015-16 (‘the Union Budget’) is in relation to applicability of Service Tax on the services provided by Government[1] and Local Authorities[2] (jointly, ‘the Government’) to a business entity[3]. As per the... Read More
by ReinHeads Team | Dec 15, 2014
BACKGROUND Accroding to the recent news reports, Law Commission has recommended repeal of 258 laws, which have lost their relevance in today’s day and age. One of the statutes which the Government ought to consider repealing is the Research and Development Cess Act,... Read More
by ReinHeads Team | Aug 25, 2014
Pursuant to the budget amendments, the providers of taxable services and manufacturers of excisable goods would be required to take Cenvat credit on inputs and input services within a period of six months from the date of relevant document. Although this change is... Read More