Ease of Doing Business - In line with the objectives to facilitate trade and improve ease of doing business, the following measures have been taken by CBEC during last one year:

Ease of Doing Business - In line with the objectives to facilitate trade and improve ease of doing business, the following measures have been taken by CBEC during last one year: https://www.taxtmi.com/news?id=14954 Service tax reforms subsume prior cesses into the main levy, mandate two day registration, extend Cenvat credit timelines and permit re credit for subsequently received export proceeds; they remove payment precondition for reverse charge credit, fix point of taxation for reverse charge by earlier of payment or a specified invoice period, rationalise penalties, allow digital invoicing and electronic records, provide for prosecution withdrawal after final quasi judicial exoneration, and introduce industry measures including uniform transport abatement, clarified public service exemptions, and works contract rationalisation. en-us Mon, 07 Sep 2015 19:10:47 +0530 Tue, 08 Sep 2015 10:52:00 +0530 TaxTMI RSS Generator Ease of Doing Business - In line with the objectives to facilitate trade and improve ease of doing business, the following measures have been taken by CBEC during last one year: https://www.taxtmi.com/news?id=14954 Service tax reforms subsume prior cesses into the main levy, mandate two day registration, extend Cenvat credit timelines and permit re credit for subsequently received export proceeds; they remove payment precondition for reverse charge credit, fix point of taxation for reverse charge by earlier of payment or a specified invoice period, rationalise penalties, allow digital invoicing and electronic records, provide for prosecution withdrawal after final quasi judicial exoneration, and introduce industry measures including uniform transport abatement, clarified public service exemptions, and works contract rationalisation. News - Mon, 07 Sep 2015 19:10:47 +0530 https://www.taxtmi.com/news?id=14954