https://www.taxtmi.com/news?id=13933 Comprehensive pre budget recommendations propose harmonising service tax definitions, expanding and restoring targeted exemptions and abatements, introducing a Chartered Accountant service tax audit and reconciliation certificate, and clarifying valuation and sectoral anomalies (SEZ job work, branch/head office cross charges, electricity recoveries). Procedural reforms include enhanced e filing and digital certification, adjusted time limits and payment rules, bad debt relief, interest and penalty rationalisation, amendments to Place of Provision and Point of Taxation rules, and widened access to advance rulings. CENVAT/Central Excise and Customs changes seek broader input/capital goods credits, 100% capital goods credit in year of purchase, parity on scrap treatment, and simplification of refunds and customs procedures. en-us Thu, 12 Feb 2015 18:19:40 +0530 Fri, 22 Aug 2025 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13933 Comprehensive pre budget recommendations propose harmonising service tax definitions, expanding and restoring targeted exemptions and abatements, introducing a Chartered Accountant service tax audit and reconciliation certificate, and clarifying valuation and sectoral anomalies (SEZ job work, branch/head office cross charges, electricity recoveries). Procedural reforms include enhanced e filing and digital certification, adjusted time limits and payment rules, bad debt relief, interest and penalty rationalisation, amendments to Place of Provision and Point of Taxation rules, and widened access to advance rulings. CENVAT/Central Excise and Customs changes seek broader input/capital goods credits, 100% capital goods credit in year of purchase, parity on scrap treatment, and simplification of refunds and customs procedures. News - Thu, 12 Feb 2015 18:19:40 +0530 https://www.taxtmi.com/news?id=13933