Give input some credit, please

Millions of "input" tax credits are taken every day by manufactures and traders under the Cenvat Credit Rules for the purpose of paying and adjusting duty.Now, the very concept of input is in......

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......

Budget focuses on Modi's key initiatives

Customs and excise duty rates have been amended mainly to promote Make in India.  Image: Make in India gets a boost. Photograph: Rajesh Karkera/Rediff.com     INDIRECT TAXES While......

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......