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Highlights of Revised Model GST / IGST Law and GST Compensation Bill
On November 26, 2016, Central Govt. released revised GST Model Law, IGST Model Law and introduced GST Compensation Bill. We have compiled the key changes in the revised model GST Law and IGST law and key takeaways from the GST Compensation Bill.
Author : BSA Taxation Team
Date : November 29, 2016
All You Need To Know About Krishi Kalyan Cess

In Budget 2016, Finance Minister announced a new cess called ‘Krishi Kalyan Cess’ (“KKC”), to be levied at 0.5% on the value of all taxable services w.e.f. June 1, 2016. In this regard, a new Chapter VI was inserted in the Finance Bill, 2016, containing relevant provisions. 

Author : Anuj Bhasin, Senior Associate, Indirect Tax
Date : May 27, 2016
Applicability of Service Tax On Promotional Activities By Distributor

The term ‘distributor’ is not defined under any act. In common parlance, the term ‘distributor’ means an intermediary who purchases the goods from manufacturers and resells the same to retailers using their marketing /distributor network. 

Author : Anuj Bhasin, Senior Associate, Indirect Tax
Date : May 20, 2016
18 FAQs: Excise Duty Structure on Ready-Made Garments
Finance Bill, 2016 has imposed excise duty of 2% (without CENVAT credit) or 12.5% (with CENVAT credit) on branded readymade garments and made up articles of textiles of retail sale price of Rs.1000 or more. 

We bring you a set of 18 Frequently Asked Questions (FAQs).

Author : Ashok Bhasin, Partner, Bhasin Sethi & Associates
Date : March 4, 2016
Goods assessed on RSP basis u/s 4A a ‘manufacturing’?
Section 4A of the Act also pertains to valuation of excisable goods, but it is applicable to certain notified items, where the value for the purpose of charging excise duty is based on Retail Sale Price (RSP). Certain abatement as percentage of RSP is also notified by the Central Government. There is one important aspect of Section 4A of the Act i.e., the Central Government can notify only those goods on which it is required under the Legal Metrological Act, 2009 to declare on the package RSP of such goods. This section thereof makes it mandatory that the goods assessed under section 4A of the Act, must be covered under the Legal Metrological Act.
Author : Ashok Bhasin, Partner, Bhasin Sethi & Associates
Date : January 20, 2016
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