Untitled Document

BUDGET NEWS 2010-11

BUDGET ANALYSIS		EXPERTS-SPEAK

		ST on Construction of Complex services becomes more 'complex' after Budget By S Sivakumar

Muster political will for credible fiscal reforms By Naresh Minocha		All izz well with Baby and clinical diapers and sanitary napkins By Shashank Chandrasekhar

Abort Coal Cess & review all energy taxes By TIOL Edit Team		Budget - revenue foregone - Large corporates bear less tax burden than 'small brothers'! By Shailendra Kumar

Change in Export of Services Rules, 2005 – Has Budget provided permanent solution? By Ravikumar Yanamandra		Refund of accumulated cenvat credit to exporters – amending notification without amending rule 5 would not deliver results By S Sivakumar

Budget 2010 - The tale of Wish-List and Reality By Steven L D' Souza		Levy of duty on diapers, sanitary napkins – ‘All is not well' By J K Naidu

Shouldn't we be looking the gift horse in the mouth? By TIOL Research Team		Budget 2010 - SSI Units – boon or bane? By G Prabhakara Sastry
Shouldn't we be looking the gift horse in the mouth? By TIOL Research Team		Budget 2010 - SSI Units – boon or bane? By G Prabhakara Sastry

New Rule 15 of the CCR, 2004 creates parity in penal provisions for wrong availment of credit in respect of goods and services By TIOL News Service		‘India' in Export of Service Rules and Import of Service Rules and its ‘probable implications' By Santosh Hatwar

Applicant can approach the Settlement Commission ‘n' number of times for settling his cases By TIOL News Service		Service tax on distribution of films – centre poaching into states' territory By S Sivakumar

Play safe – Amendment to section 37 of Central Excise Act as regards deterrent action contained in rules 12CC of CER, 2002/rule 12AA of CCR, 2004 By TIOL News Service		Union Budget 2010: Service tax proposals – Less said, widely impacted By Pritesh Chhajed and Meghna Bhavsar

FM tries to alienate elements of 'tedium' from TDS - a welcome proposal, indeed! By TIOL News Service		Taxation of IT software: Confusion persists! By V. Lakshmikumaran

Finance Bill amends Sections 44BB & 44DA but purpose is not served! By TIOL News Service		Commercial training or Coaching service – Will attempt to overturn Tribunal judgments succeed? By Santosh Hatwar

Housing Sector: Period for Sec 80IB benefits extended from four to five years; Commercial area also extended to 5000 sq ft By TIOL News Service		Clean Energy Cess on Coals – FM puts 'Polluter Pays' Principle into practice By J M Kishore

Service Tax – Renting of Immovable Property – A fresh stir of litigations By TIOL News Service		Budget targets cine industruy through Service Tax By D B Bhaskara Sharma

Amnesty Scheme under CER, 1944 and Cenvat Credit Rules – Clarifications woefully needed By TIOL News Service		Is it fair to bring Health Care Sector and Hospitals under service tax net? By S Sivakumar

Finance Bill - A tale of 3 Ms - Money, MAT and Mourning! By Vaitheeswaran, Advocate		Deeming Construction Service: Caught in tax net By Pradeep Jain & Siddharth Rutiya

Budget 2010 – A valiant bid to address multiple objectives By Ettirankandath Krishnadas		Snap shot of post Budget changes in Medical devices sector By Anil Menon

Will Settlement Commission be resuscitated? By TIOL News Service		FM fails to show undiluted commitment to GST implementation! By Jogendra Singh

Unpleasant Excise duty imposition on Baby and Clinical diapers and sanitary napkins By TIOL News Service		Minimise Wastage of Paper while manufacturing Corrugated Boxes! By K D Chandarana

Branded packing materials of plastic - plastic containers and plastic bottles are allowed SSI exemption but with a rider By TIOL News Service		Customs - Key changes in the Finance Bill, 2010 By Sonia Malik & Smita Singh

Pharma Industry and rolling back of Fiscal stimulus – How to bridge the ‘Gap' By A Netizen		Preposterous act by Opposition By Padmini Sundaram

A half-baked attempt to overhaul Construction Service? Builders can brace for long battles in Courts By Santosh Hatwar		Import duty exemption for road construction machinery - A sensible amendment in conditions By J M Kishore

Income Tax changes in Budget 2010: A bird's eye view! By TIOL News Service		Bloomers & Bloopers! By S Jaikumar & M Karthikeyan

Budget Notifications at a glance By TIOL News Service		Budget 2010: Major tax implications for Realty Sector By S Sivakumar

TDS hardship eased but at cost of higher interest rate By TIOL News Service		The 'Lost' puff! By S Jaikumar & P Dwarakanath, Advocates

What Dada did not tell Didi in Parliament – Exemption given last year to Transport of Goods by Rail withdrawn By TIOL News Service		Service tax proposal - At a Glance! By A P Ravi & R Subramanya

Budget 2010 to bring cheer to Agriculture, Environment and Health sectors By TIOL News Service		Service tax - A peep into key changes in Finance Bill 2010 By Ankur Jain & Anubhav Aggarwal

New services - expanding scope of existing services By TIOL News Service		Why this intolerance towards the apex and High Courts? By S Sivakumar

Retrospective amendments – The Good, Bad and Ugly … By TIOL News Service		Ready mix problem G Natarajan, Advocate, Swamy Associates

Scope of manufacture extended in chapters 68 and 76 of Central Excise Tariff Act, 1985 with immediate effect By TIOL News Service		Middle Class Budget By T R Vandana, Certified Financial Planner

No escape for services rendered from abroad but utilised in India from income tax - Finance Bill amends Explanation inserted in 2007 By TIOL News Service		Budget: Power Point presentation on indirect tax By K. VAITHEESWARAN

Exemption from Excise duty on transfer of right to use packaged, canned software – Condition of Commercial Exploitation Removed By TIOL News Service		Finance Bill 2010 - Fall-out for IT Sector By S Sivakumar

Settlement Commission re-opens its doors to admit clandestine removal and smuggling cases By TIOL News Service		By-pass High Court: For Good & Bad! By G Natarajan

Renting of immovable property - Board has the last laugh By TIOL News Service		Easter on a 'Good' Friday! By S Jaikumar & K S Ramesh

CENVAT Credit rules 2004 amended to remove anomalies By TIOL News Service		'Small' is Beautiful By S Jaikumar & A P Ravi

No penalty, if service tax is paid before issuance of show cause notice under Section 73(3) By TIOL News Service		Crude Shock By K Vaitheeswaran

8 New Services - Finance Bill targets forthcoming IPL-3 - money spinning activities under service tax net By TIOL News Service		Fourth Time Unlucky By S Jaikumar & K S Yogalakshmee

Pay up duty not paid for normal period with interest and rest assured that you will not be imposed any penalty under any of provisions of CEA, 1944 - Section 11A amended By TIOL News Service		Income slabs changed to please common taxpayers - A comparison for quick glance By Sachin Jain, CA