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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:

Dated:- 7-9-2015 - SERVICE TAX • Reduction in number of levies: Education Cess and Secondary & Higher Education Cess on taxable services have been subsumed in Service Tax with effect from 01.06.2015. [Sections 153, 159 of the Finance Act, 20 .....

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or taking CENVAT: Time limit for taking CENVAT Credit of duty/tax paid on inputs and input services has been extended from six months to one year. [Notification No.6/2015-Central Excise (N.T.), dated 01.03.2015 refers]. •Simplification in proced .....

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cation No.6/2015-Central Excise (N.T.), dated 01.03.2015 refers]. • Rationalisation of penal provisions: Penalty provisions in Service Tax have been rationalized to encourage compliance and early dispute resolution. [Sections 113, 114, 115 of th .....

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e (N.T.), dated 06.07.2015 refers]. • Withdrawal of Prosecution in certain circumstances: Instructions have been issued providing for withdrawal of prosecution where a noticee has been exonerated in the quasi-judicial proceedings and such order .....

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beenallowed, if such export proceeds are received within one year from the specified period. [Notification No.6/2015-Central Excise (N.T.), dated 01.03.2015 refers]. •To bring certainty in the determination of point of taxation in case of revers .....

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ull; Uniform abatement of 70% from gross value prescribed for transport by rail, road and vessel. Service Tax in all these cases will now be charged on 30% of the gross value of such service subject to non-availment of Cenvat Credit on inputs, capita .....

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