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 July 14, 2014 By: Team STO

 

CHANGES PROPOSED IN SERVICE TAX PROVISIONS IN BUDGET 2014

LEGISLATIVE CHANGES :- THE FOLLOWING CHANGES ARE PROPOSED IN THE FINANCE BILL, 2014 W.E.F. THE DATE OF ENACTMENT.

1. Sale of Space for Advertisement

New Service tax levy on the following forms of advertisement is being introduced by amendment to......

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Posted on July 14, 2014 By: R.Subramanya, Advocate,

 

The Vanishing Cenvat Credit !!

The immortal cenvatable invoice has become mortal. The unlimited time for taking credit on invoices has become limited, bringing in fresh round of air for discussion in the corridors of central excise department and the indirect tax community.

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