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

Photography Service: Valuation: Payment of service tax and VAT are mutually exclusive, there remains no doubt that the value of photogr...
Refund: Notification No. 41/2007-ST, dated 06.10.2007: Refund denied on classification issue: It is not open to the service recipient to question...
Demand: BAS: Mere providing of table space will not give valuable inputs to identify as to what taxable service is rendered....
Manufacture of Medicines: Business Auxiliary Service: Exemption available as the goods are excisable goods as per Drugs & Cosmetics Act and Rules....
Renting of Immovable Property: Penalty: Section 80(2): Demand is for the period 2007-2011 and the same was payable on 6thday of March 2012. The liabil...
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Articles & Analysis

 Posted on July 27, 2016 By: Team STO

 

Clarifications on Export Refunds

The Government of India is liberal when it comes to exports to support foreign trade. The Government has provided some privileges to the exporters of the goods and/or services. According to the Service Tax Rules, 1994..............

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 Posted on July 14, 2016 By: Team STO

 

Disclaiming The Disclaimers

Justice delayed is justice denied. Similarly, a refund or rebate claim delayed is as good as denied. There is a heavy pendency of refund claims and rebates in the Department of Indirect Taxation. Such delay not only creates doubts on............

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