FM announces Infrastructure CessEducation Sector Removed from Negative ListThe time-limit for issuance of SCN for non-fraud cases is proposed to increase to 30 MonthsThe Cenvat Credit Rules SimplifiedNew Annual Return to be filed by Service Tax AssesseeSoftware on media bearing MRP is exempted from Service TaxAbatement reduced for Residential PropertyHUF can now pay Service Tax on Quarterly BasisThe right to use the radio-frequency spectrum and subsequent transfers to be declared as a Service.Interest Rates Reduced to 18% when Service Tax is not collected.Excise Duty on Tobacco products except bidis hiked by 10-15%Krishi Kalyan Cess on the taxable services at the rate of 0.5%

Case Laws

Photography Service: Valuation: Payment of service tax and VAT are mutually exclusive, there remains no doubt that the value of photogr...
Refund: Notification No. 41/2007-ST, dated 06.10.2007: Refund denied on classification issue: It is not open to the service recipient to question...
Demand: BAS: Mere providing of table space will not give valuable inputs to identify as to what taxable service is rendered....
Manufacture of Medicines: Business Auxiliary Service: Exemption available as the goods are excisable goods as per Drugs & Cosmetics Act and Rules....
Renting of Immovable Property: Penalty: Section 80(2): Demand is for the period 2007-2011 and the same was payable on 6thday of March 2012. The liabil...
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Articles & Analysis

 Posted on Jun 01, 2016 By: Team STO

 

No Service Tax on Builders 

For the Government to levy any tax, it has to provide for the same in the Act or Rules of that particular taxing statute. Failing the same, nothing can be taxed in absence of specific legal provisions. If the levy has not been covered by the Statute or Rules, merely by issuance of Notification or Departmental Circular, the same cannot be enforced............

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 Posted on Jun 01, 2016 By: Team STO

 

Delhi High Court says NO power to audit the assessees 

Central Excise Department enjoyed enormous control over the Service Tax assessees by conducting audit of their accounts, by deputed officers, empowered by the provisions contained in Section 94 of the Finance Act. Accordingly, Department conducted audit of the assessees on...........

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