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

Construction of Residential Complex: Demand: Stay: Prior to 1.7.2010, the sale of flat preceded by construction agreement was not liable to tax a...
CHA: Service tax not paid on reimbursable expenses: Similar issue decided by Honorable Delhi High Court in the case of Intercontinental Consultants:&n...
Demand: Stay: Commercial or Industrial Construction: Appellant has constructed wireless towers, police stations, and fire stations for ...
Site Formation Service: Demand: Stay: Whether composite contract: Contract divided into Phase-I and Phase-II and for every activity amount is ear...
C&F Service: Reimbursible expenses: Larger period: Service tax was. payable by the appellant on the gross amount of remuneration received by...
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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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