Articles by MONISH BHALLA

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No simultaneous penalty under Sec 76, 78 of Fin Act, 1994

Posted by MONISH BHALLA 04 January 2010 16922 Views

Can simultaneous penalties under various sections of the Finance Act be imposed for non-payment of Service tax? Law loses its sheen if not enforced. Penalties form a very vital part of any law to ensure its enforcement. However, many a time law enfor



AMBIGUITIES IN EXPORT OF SERVICES

Posted by MONISH BHALLA 12 December 2009 36514 Views

We are engaged in Export of various Services to our Clients situated outside India. Are there any specific conditions to be adhered to while classifying our Services in the Export Category? Export to a layman means any goods or service, which are



Off-White paper on GST

Posted by MONISH BHALLA 12 November 2009 9618 Views

The First Discussion paper on Goods and Service Tax has raised more questions than it seem to have addressed to. The Central Government has unfolded its intentions to Tax the Sales of Goods. Consequently they have shown a carrot to the states with



A thing of beauty is no more a joy forever

Posted by MONISH BHALLA 13 November 2009 7993 Views

Cosmetic surgeries are subject to Service Tax We are into Cosmetic and Beauty related services and are regularly paying Service Tax on the beauty treatment services since 2002. Are we liable to pay Service Tax on Medical services



Don't fret, here's your eight-fold path to Service tax nirvana

Posted by MONISH BHALLA 07 November 2009 7297 Views

If you forget these eight norms, you can land into Service Tax litigations In the course of providing a Taxable Service, we incur reimbursable expenditures such as travelling and boarding expenses, postage, telephone, etc., and



ACES faces many hurdles

Posted by MONISH BHALLA 04 November 2009 10795 Views

It is an online service to dispense with paper work in matters pertaining to Central Excise and Service tax.Fast, safe and reliable services are today sought by every person. But this can sometimes also be a cause for trouble for him. The Automation



Budgetary Changes In Service Tax

Posted by MONISH BHALLA 07 July 2009 7920 Views

Budgetary Changes In Service Tax By MONISH BHALLA www.servicetaxonline.com With the presentation of the Finance (No.2) Bill, 2009 the Finance Minister has proposed certain amendments and the sa



DISAPPOINTMENT COMES ONLY TO THOSE WHO MAKE APPOINTMENT

Posted by MONISH BHALLA 07 July 2009 6448 Views

“DISAPPOINTMENT COMES ONLY TO THOSE WHO MAKEAPPOINTMENT WITH THE FUTURE”Disappointment Comes Only To Those Who Make Appointment With The Future. The ‘Aam Aadmi’ and the Stock Market both felt disappointed as they had huge exp



CREDIT OF RESIDENCE LANDLINE, MOBILE ALLOWED

Posted by MONISH BHALLA 20 September 2008 12952 Views

Change is inevitable and so are the clarifications and statements issued by the Ministry of Finance, which at times change more colours than a chameleon. In 2003, the Central Board of Excise and Customs, vide its Circular No. 59/8/2003-S.T., dated 2



SEZ OVERRIDES SERVICE TAX

Posted by MONISH BHALLA 20 September 2008 6209 Views

The Central Government has been always known for the internal inconsistency between the Commerce and Finance Ministry. Both the Ministries have their own agendas and conflict of interest which is the root cause for all such Ambiguities. The Ministry




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