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

Demand: Supply of electricity: Creation of infrastructure and installation of transformers prior to beginning to supply electricity: Notification...
Supply of Tangible Goods: Service received from foreign country: Appellant cannot be held to be under the reverse charge mechanism in respect of ...
Works Contract: Cenvat Credit: Appellants availed cenvat credit on cement, channels, CTD or TMT bars and other items used for construction of factory ...
Stock Broking Service: OPCs recovered separately and shown separately in the invoiceslbills cannot be held liable to payment of service tax. Admittedl...
Cenvat Credit: Demand: Credit denied on various services availed by the appellants without having any nexus with the output service: Renting...
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Articles & Analysis

Posted on December 17, 2014 By: Team STO

 

Power to Audit

The exercise of powers without jurisdiction has forced the courts across the nation to cut the wings of tax sleuths .........

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Posted on December 10, 2014 By: Team STO

 

Restriction to Take Cenvat Credit within Six Months Arbitrary

The term ‘proper availment and utilization of Cenvat’ has been the bone of contention for the trade as well as the Government...........

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