Service Tax Articles

Composite contracts - Service Tax leviable on service element

Posted by MONISH BHALLA 28 May 2010 10779 Views

Strange are the ways Tribunals of this country behave, reversing judgments has been on a spree and this time it’s a seven year old CESTAT judgment in the Daelim Industrial Co. Ltd. vs. CCE, Vadodara (CEO 2003 CESTAT 14), which ruled the issue o

Renting Immovable Property : Are We headed for more confusion

Posted by Nimish Goel 26 May 2010 11974 Views

Delhi High Court decision on Renting of Immovable Property_ More Developments By: Nimish Goel The Delhi High Court in a Writ Petition filed by Home Solutions Retail Ltd has granted a stay from recovery of Service tax under the recently amended entr

Container detention charges not liable for Service Tax

Posted by MONISH BHALLA 20 May 2010 16622 Views

The quantum of export and import determine the fiscal health of a nation. A hassle-free system and absence of bureaucratic approach, is a barometer for measuring the economic altitude a country has achieved. Government policies should be such that e

8 new services brought under the ambit of Service Tax

Posted by MONISH BHALLA 13 May 2010 26555 Views

Which new services have been brought under the ambit of Service Tax with effect from May 8, 2010, i.e. the date of enactment of the Finance Act, 1994 (14 of 2010)? The Union finance minister had introduced the Finance Bill, 2010 in the Lok Sabha on

IPL sponsors contest service tax notices

Posted by MONISH BHALLA 08 May 2010 7239 Views

Matter likely to be litigated, with officials agreeing the law was unclear in the earlier editions of the IPL. The Union finance ministry may have to battle it out in court with the sponsors of the Indian Premier League (IPL) cricket tournament to

What you wanted to know about the complexities of Cenvat

Posted by MONISH BHALLA 29 April 2010 10200 Views

What are the obligations of manufacturer of dutiable and exempted goods and provider of taxable and exempted services under Cenvat Credit Rules 2004 - Rule 6? Goods and Service Tax may prove to be a giant step to crease out t

Pranab's balancing act:Service tax simplified to tap ULIP

Posted by MONISH BHALLA 16 April 2010 9009 Views

Finance minister lends a friendly hand to the ULIP and milks more service tax revenue from other In this age of liberalisation and global policies, the role of the regularity authorities becomes far more crucial. Unit Link Insurance Policy- ULIP is a

Service tax of Rs10 lakh and above must be paid by e-mode

Posted by MONISH BHALLA 07 April 2010 20348 Views

Service tax payment by big tax-payers enters electronic Era In this era of information technology, business is bound to be at the speed of thought and the government does not wish to lag behind. Manual payments through bank challans and other conv

Budget 2010- Issues in Service Tax

Posted by Madhukar N Hiregange 05 April 2010 19083 Views

BUDGET 2010 - ISSUES IN SERVICE TAX By CA Madhukar N Hiregange & Srikantha Rao T This year’s budget has introduced quite a few changes in service tax. Though there are hardly any significant changes in terms of procedures and administ

Departmental Audit- Some Tips

Posted by Madhukar N Hiregange 05 April 2010 29515 Views

Departmental Audit- Some Tips By CA Madhukar N Hiregange & CA. Srikantha Rao T The reforms in India have ensured that monthly/ quarterly assessments have been done away with. However the manufacturers or service providers dread an audit by the