ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

ExemptionsSubscribe to Exemptions

Tax Change with Retrospective Effect

The legality and propriety of the retrospective withdrawal of excise duty exemption for cigarettes and pan masala manufactured in the north-east. A critical examination.

Indirect Taxes: More Said than Done

The finance minister claims to have reduced the number of rates of excise and customs duties. A closer look at the Budget does not bear out this claim. Neither in terms of reducing the number of rates nor of progress in doing away with the maze of exemptions can the Budget claim to have made significant progress in the direction of reform of the system of indirect taxation.

Central Value Added Tax

Excise taxes were, till 1998, the most disappointing feature of the entire tax reform process. But the substantial progress made in the last two years must now be brought to fruition by completing the move to a comprehensive central producer VAT (CENVAT). A simultaneous reform of the central service tax system would lay the ground for its integration into the CENVAT, perhaps a year or two later.
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