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

Tour Operator: Since during the period of dispute, a person operating touring a contract carriage, not covered by the definition of 'Tourist Vehicle',...
C&F Agent Service: Valuation: Demurrage/wharfage charges charged by the railways and expenses on local transport, the respondent have acted only ...
Mandap Keeper Service: Room charges: On the basis of earlier Order of Tribunal: Pre deposit condition waived....
Penalty: Section 76 & 78: Penalty under section 78 not contested: Penalty under Section 76 set aside as there was sufficient cause for non deposi...
Refund: Unjust enrichment: Sufficient material is on record to show that the appellant had paid the service tax out of its own pocket in respect ...
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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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