Services (except few) provided by Government or Local Authority to business entities are covered under Reverse Charge Mechanism w.e.f 1st April, 2016 meaning thereby business entities are required to pay Service Tax on services received from Government or Local Authority. To curtail dilemma regrading non-taxability of various charges received by government like registration fee, Central… Read More »
CENVAT CREDIT (FIFTH AMENDMENT) RULES, 2016 – AMENDMENT IN RULES 4 AND 6 NOTIFICATION NO.24/2016-C.E.(N.T.), DATED 13-4-2016 In exercise of the powers conferred by section 37 of the Central Excise Act,1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to… Read More »
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 22/2016-Service Tax New Delhi, the 13th April, 2016 G.S.R.….(E).-In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government being satisfied that it is necessary in the public interest so to do,… Read More »
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 23/2016-Service Tax New Delhi, the 13th April, 2016 G.S.R.____ (E).- In exercise of the powers conferred by clause (aa) of sub-section (2) of section 94 of the Finance Act,1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the… Read More »
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 24/2016-Service Tax New Delhi, the 13th April, 2016 G.S.R.—(E).- In exercise of the powers conferred by clause (a) and clause (hhh) of subsection (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further… Read More »
Circular No. 192/02/2016-Service Tax F.No. 334/8/2016-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated- April 13, 2016 To Principal Chief Commissioners of Customs and Central Excise (All) Principal Chief Commissioners of Central Excise & Service Tax (All) Principal Director Generals of Goods and Service Tax/System/CEI Director General of Audit/Tax Payer… Read More »
HIGH COURT OF CALCUTTA Bar Association v. Union of India SANJIB BANERJEE, J. WP NO. 291 OF 2016 MARCH 31, 2016 R.N. Bajoria, Sr. Adv., S.K. Kapur, Sr. Adv., J.P. Khaitan, Sr. Adv., A. Chakraborti, Adv., P. Jhunjhunwala, Adv., A. Gupta, Adv., P.K. Jhunjhunwala, Adv., S.B. Saraf, Adv., T.M. Siddiqui, Adv., Koushik Chandra, Addl. Solicitor-General… Read More »
POINT OF TAXATION (SECOND AMENDMENT) RULES, 2016 AMENDMENT IN RULE 7 NOTIFICATION NO.21/2016-ST, DATED 30-3-2016 In exercise of the powers conferred by clause (a) and clause (hhh) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Point of… Read More »
Revised Publication ‘ Compliances of Service Tax in Banking Sector ‘ updated by Finance Bill, 2016 Service tax on Banking and other financial services was imposed w.e.f.16-07-2001. The taxation of services has also undergone a paradigm shift from positive list to negative list in the year 2012. Post implementation of taxation of services based on negative… Read More »
whether there will be service tax liability when IDEAS Oman will be selling educational books and printed manuals for onward sale to organizations in India via Creative Problem Solving India, Mumbai. ? Held We do not see any element of ‘service’ in this. Shri Jain also invites our attention to clause 4 of the Memorandum of… Read More »