Service Tax Articles

Relevance of IDT to Marketing function

Posted by Madhukar N Hiregange 03 June 2014 4991 Views

What The Marketing Executive/ Manager needs to know about Indirect Taxes?The successful marketing man knows the customers needs well, understands his business, the cost of products / services sought to be sold, looks at serving the customer better. I

Relevance of IDT to Purchase function

Posted by Madhukar N Hiregange 03 June 2014 4678 Views

What The Material/ Procurement Executive/ Manager needs to know about Indirect Taxes? The successful material/ purchase officers knows the production needs well in terms of quality, timeliness and quantity. He also understands the cost of products /

Marketing Services provided to Foreign Principals is Export

Posted by Bimal Jain 02 June 2014 5499 Views

Services provided to Foreign Principals for marketing their products in India qualify as an export of service We are sharing with you an important judgement of the Honble CESTAT, Delhi, in the case of Commissioner of Service Tax, Delhi Vs. Men

Unjust Enrichment not Satisfied When Refund debited as Expenditure

Posted by Bimal Jain 27 May 2014 7435 Views

Test of unjust enrichment not satisfied where refund amount is shown as expenditure and not as claims receivableWe are sharing with you an important judgment of the Honble Mumbai CESTAT in the case of Hindustan Petr

Value Add Through IDT- Purchase Department

Posted by Madhukar N Hiregange 27 May 2014 5162 Views

At time we the accounting and finance professionals loose sight that the marketing/ procurement personnel of the company could if they are aware add huge value to the company. The concept of cenvat/ set off exists in central excise, VAT as well as Se

SC explains distinction b/w Sales and Works contract

Posted by Bimal Jain 19 May 2014 9586 Views

Dear Professional Colleague,SC explains distinction between Contract for sale of goods and Works contract We are sharing with you an important judgement of the Honble Supreme Court of India, in the case of Kone Elev

Karniti Part-35: Enjoyed Service Tax VCES: Now face the Music?

Posted by CA Umesh Sharma 10 May 2014 12324 Views

Arjuna (Fictional Character): Krishna, in the year 2013-14 government has given an opportunity to service tax evaders for paying service tax through Voluntary Compliance Encouragement Scheme. In this schem

Transport of goods by road

Posted by CA Vijaykumar Gutte 10 May 2014 37599 Views

Date of Introduction : 01.01.2005 vide Notification Nos. 33/2004-S.T, 34/2004-S.T, 35/2004-S.T., dated 03.12.2004. Definition and scope of service: "Goods" has the meaning assigned to it in clause (7) of section 2 of the Sale of Goods Ac

Work Contract Vs Sale - Decision of Constitution Bench

Posted by CA. SRIKANTHA RAO T 09 May 2014 22825 Views

The issue of taxability of works contracts under VAT and Service Tax is something which has confronted assessees leading to frequent referrals to Courts over the years. While the issue of taxability under Sales Tax has led to ref

VCES - ST paid after 1-3-2013 but before 10-5-2013

Posted by Bimal Jain 08 May 2014 9836 Views

Dear Professional Colleague,Service Tax paid after March 1, 2013 but before enactment of VCES on May 10, 2013 Should be considered as paid under VCESWe are sharing with you an important judgment of the Honble Gujarat High Court in the