Service Tax, Service Tax Law, Service Taxes

Friday | 24 May 2013

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Evasion penalty under sec. 78 was not imposable if there was reasonable cause for non-payment of ST
Time-limit under sec. 11B for claiming ST refund isn’t applicable if ST is paid under protest
Overseas principal can set-up services for cross border money transfer to India - RBI
Pre-deposit requirement to be waived off in case of inconsistent stand of revenue to levy service-tax
Investments out of receipts to be disclosed in return due to be filed couldn’t be an undisclosed income
Cenvat credit to be reversed on capital goods used for private purposes on closure of business
Mere rejection of books of account doesn't mean compulsorily additions to returned income
ITAT quashed additions for cash credit as assessee proved identity and creditworthiness of her creditors
Profit accruing to FIIs from hedging against forex fluctuation is taxable as capital gain
Bundled services under Negative Service Tax Regime
Property Sellers - Beware of section 153C
Hiring of buses does not amount to ‘rent-a-cab’ service
‘Processing fees’ and ‘penal interest’ received by financial corp. are eligible for sec. 36(1)(viii) deduction
Sec. 54F benefit allowable for sum invested from other sources and actual consideration if sec. 50C is applicable
Procurement of an order for clients is covered under ‘Business Auxiliary Services’
OECD revised section E on safe harbour rules
Revised OECD Guidelines On Safe Harbour Rules

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Evasion penalty under sec. 78 was not imposable if there was reasonable cause for non-payment of ST

24-05-2013

ST : Where, in view of reasonable cause for failure to pay service tax, section 80 has been applied to set aside penalty under section 76, no penalty can...

Pre-deposit requirement to be waived off in case of inconsistent stand of revenue to levy service-tax

23-05-2013

ST : When there is inconsistency in stand of revenue in relation to head under which service tax was leviable, requirement of pre-deposit was to be waived

Bundled services under Negative Service Tax Regime

23-05-2013

Bundled services under Negative Service Tax Regime

Procurement of an order for clients is covered under ‘Business Auxiliary Services’

Repair or restoration of goods belonging to customer amounts to 'job-work services'

Deliberate non-payment of ST warrants invocation of extended period to recover ST dues

Electricity charge recovered from tenant not includible in rent from letting out of an immovable property

Provision of free transport provided to employees for business purposes doesn't amount to a service

Refund of ST paid under protest can be claimed within one year from the date of settlement of dispute

Cenvat credit taken on goods used for private purposes needs to be reversed

Time-limit under sec. 11B for claiming ST refund isn’t applicable if ST is paid under protest

23-05-2013

ST : Time-limit of section 11B of Central Excise Act, 1944 for claiming refund doesn't apply in case service tax was disputed and was paid under protest

Cenvat credit to be reversed on capital goods used for private purposes on closure of business

23-05-2013

ST/ECJ : In case of capital goods used for private purpose on closure of business, credit reversal is required only if credit was taken on such capital...

Hiring of buses does not amount to ‘rent-a-cab’ service

23-05-2013

ST : Hiring of buses to State Road Transport Corporation for being plied as public transport system does not, prima facie, amount to 'rent-a-cab' services