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

Cenvat Credit: Demand: Stay: Demand has arisen as a result of the rejection of refund claim in respect of several input services: After reje...
Business Auxiliary Service: Demand: Stay: Based on decision of Bench in Vinay Kumar’s case where pre deposit condition was waived, sta...
Demand: Stay: Mining Service: Appellants placed reliance on this Bench decision in Viral Builders wherein it was decided that if main contractor ...
Demand: Stay: 3 different services provided by the appellants: Rent-a-cab Operator service: Provided buses to companies for transportation o...
Mining Service: Activities of transportation of ores within the factory premises after 01.06.2007, would fall under the category of Mining Services....
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Articles & Analysis

Posted on January 21, 2015 By: Team STO

 

GST the Game Changer – Part - II 

The GST Constitution (122nd Amendment) bill, 2014 on Goods and Service Tax has been presented in the Parliament on the 19th of December, 2014...........

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Posted on January 07, 2015 By: Team STO

 

GST the Game Changer – Part - I 

The introduction of Goods and Services Tax (GST) is a major change in the field of Indirect Tax in India. By merging many Central and State taxes into a single tax..........

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