Finance Bill, 2014 enacted into Finance Act, 2014, Date of Enactment 06.08.2014Budget 2014-15 : Sale of space for advertising has been made taxable except for print media.Budget 2014-15 : Radio Taxis are now taxable.Budget 2014-15 : Education : The definition of Auxiliary Education Services has been scraped.Budget 2014-15 : Works Contract : 2 slab rates prescribed in place of earlier 3 slabs.Budget 2014-15 : E-payment of Service tax is being made mandatory with effect from 01.10.2014.Budget 2014-15 : POPS: Definition of intermediary is being amended to include the intermediary of goods in its scope.

Case Laws

Outdoor Catering Service: For penalties appellants had bonafide belief and hence good case: For their liability to service tax they do not h...
Commercial or Industrial Construction Service: During the period the appellants would be eligible for abatement of 67% as they had not claimed Ce...
Refund: Unjust enrichment: Builder filed refund claim of service tax paid by contending that buyers of flats have certified that they have not pa...
Penalty: Section 73(3): On the issue whether the penalty can be imposed under Section 76 where service tax and interest are paid under Section 73(3), ...
General Insurance Service: Demand: Assessee claimed that they have never received any payment directly from the insured where the business was done th...
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Articles & Analysis

Posted on September 10, 2014 By: Team STO

 

Supply of Manpower Services – Clarity Needed from Board

Supply of manpower services has seen its fair share of litigations since its inclusion in the scope of Service Tax. After the introduction of negative list, per se the taxable categories are done away with, but in reality the supply of manpower services are attracting even more controversies. As the service provider and service receiver both are concerned with the same. Further the departmental guidance note has stated that the liability of the service provider and service recipient are different and independent of each other......

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Posted on September 03, 2014 By: Team STO,

 

Service Tax on Health Care Sector

Medical profession is considered as one of the noblest professions and often people treat doctors like God. However, it is not the case when it comes to the taxman. The new tax regime has not placed Health Care services under the Negative list rather only exemption is given by way of notification. When an entry is under negative list or under exemption notification to the layman it seems same as it basically means that there is no service tax. However legally there is vast difference, as to amend the negative list the parliamentary approval is needed, but to amend or restrict the exemption CBEC can do it on its own.

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