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

Cenvat Credit: Input Service: Renovation and Modernisation: Service provider provided it as Works Contract Service: Discharged service tax liability a...
Non payment: Revenue Neutral: Cenvat Credit admissible: When the appellant can take credit and utilize it further for the payment of tax, naturally th...
C&F Agent Service: Business Auxiliary Service: Law is well settled that the scope of taxing entry is to be strictly construed and there is no intendme...
Commercial Coaching or Training: Demand: Course Completion Certificate/training offered by such Institutes is recognized by law: Demand set aside....
Interest: Appellant is required to pay the interest on the amount demanded in the show cause notice: Order beyond the show cause notice....
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Articles & Analysis

 Posted on Aug 11, 2016 By: Team STO

 

Is GST Going to be A Boon or Bane For India?

Since yesterday eve, once the Lok Sabha passed the so called GST bill, a very pertinent question is being asked by the intellectuals of this country as to whether GST is going to be a Boon or Bane. GST is the biggest tax reform since our independence................

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 Posted on Aug 03, 2016 By: Team STO

 

GST Debate - Meaningful or Political

Today when the elite leaders of this nation (the Rajya Sabha members) will debate over Biggest Tax reform since our independence: GST, they will actually be debating over the 122nd Constitution Amendment Bill...............

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