Articles by Bimal Jain

No Need to file Service Tax Return if No Service Tax payable

Bimal Jain 12 August 2013 at 11:04

Dear Professional Colleague, No Need to file Service Tax return (ST-3) when no service is rendered during the relevant period and even not required to opt for VCES We are sharing with you an important judgement of the Honble Kolkata Tribunal

Reimbursement of expenses not chargeable to Service Tax

Bimal Jain 08 August 2013 at 17:16

Dear Professional Colleague, Reimbursement of expenses not to form part of taxable value for Service Tax We are sharing with you an important judgement of the Honble Madras High Court in the case of Commissioner of Service Tax Vs. M/s. Sang

Assessee can't be forced to avail particular Exemption Notification

Bimal Jain 01 August 2013 at 09:51

The Department cant force assessee to avail a particular exemption Notification when benefit of other exemption Notification is available An important judgement of the Honble CESTAT, New Delhi in the case of M/s Winsome Yarns Ltd. Ver

No Service tax on notional interest on security deposit for rented premises

Bimal Jain 27 July 2013 at 13:54

We are sharing with you an important judgement of the Honble CESTAT, Mumbai in the case of Magarpatta Township Development & Construction Co. Ltd. Vs CCE [2013-T

No liability to pay service tax again if assessee has deposited the service tax under wrong accounting code

Bimal Jain 16 July 2013 at 13:01

No liability to pay service tax again if assessee has deposited the service tax under wrong accounting code We are sharing with you an important judgement of the Honble CESTAT, Mumbai in the case of Arcadia Share & Stock Brokers Pvt. Lt

Service Tax on AC Bar Restaurants & Hotels is Unconstitutional

Bimal Jain 08 July 2013 at 11:58

Service Tax on AC Bar Restaurants & Hotels is Unconstitutional Kerala HC The Honble Kerala High Court has held that the levy of Service Tax on AC Bar Restaurants and Hotels providing short term accommodation as Unconstitutional a

Cenvat credit cannot be denied on inputs used in a process not considered as manufacture

Bimal Jain 27 June 2013 at 12:01

We are sharing with you an important judgement of the Honble Customs, Excise and Service Tax Appellate Tribunal of Bangalore (the CESTAT) i

Overview of Service Tax Voluntary Compliance Encouragement Scheme, 2013 - Series 1

Bimal Jain 18 June 2013 at 12:16

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has been implemented with effect from May 10, 2013 with the enactment of the Finance Bill 2013. We have prepared and summarized overview of the Scheme for ease of your un

TDS on Immovable Property

Bimal Jain 04 June 2013 at 18:26

The Finance Bill 2013 had proposed to introduce Section 194IA to the Income Tax Act, 1961 (the ITA) which provided that the purchaser of an immovable property worth over Rs. 50 lakhs (other than agricultural land) is required to deduct

Electricity charge from tenant not chargeable to Service Tax

Bimal Jain 29 May 2013 at 12:37

Electricity charge recovered from tenant not includible in renting of immovable property We are sharing with you an important judgement of the Ld. Commissioner of Central Excise (Appeals), Chennai in the case of In Ticel Bio Park Ltd. (2013) 33 tax