Articles by Bimal Jain

What is relevant date for determining - Rate of Service tax

Posted by Bimal Jain 22 August 2013 11559 Views

Dear Professional Colleague, What is the relevant date for determining the rate of service tax applicable We are sharing with you an important judgement of the Honble CESTAT, Ahmedabad in the case of Commissioner of Central Excise & Servi

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

Posted by Bimal Jain 12 August 2013 95682 Views

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

Posted by Bimal Jain 08 August 2013 65202 Views

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

Posted by Bimal Jain 01 August 2013 10603 Views

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

Posted by Bimal Jain 27 July 2013 20574 Views

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

Posted by Bimal Jain 16 July 2013 25723 Views

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

Posted by Bimal Jain 08 July 2013 23520 Views

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

Posted by Bimal Jain 27 June 2013 14322 Views

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

Posted by Bimal Jain 18 June 2013 32164 Views

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

Posted by Bimal Jain 04 June 2013 46148 Views

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