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FINANCE ACT 1994
Quote of the day by Jennifer Aniston: “I always say don’t make plans, make...” Life lessons on success, goals and achievement by popular American actorQuote of the day by Jennifer Aniston highlights the importance of flexibility in life, career and decision-making. Jennifer Aniston’s quote...
'All services rendered by Airport Authority of India taxable': SC upholds service tax demandThe Supreme Court ruled all Airports Authority of India services are taxable. This includes export cargo handling. The court dismissed AAI'...
Broadcasters have to pay both service, luxury taxes: Supreme CourtThe Supreme Court affirmed that broadcasters are responsible for paying both service tax and entertainment tax on broadcasting activities. ...
Lottery distributors not liable to pay service tax to Centre: Supreme CourtThe Supreme Court has dismissed the Centre's plea to levy service tax on the promotion, marketing, or sale of lottery tickets, siding with ...
SC to examine appeal seeking to levy service tax on the call option fee received by Vodafone India non-executiveThe Supreme Court agreed to examine an appeal seeking to levy service tax on a call option fee received by Vodafone India non-executive Cha...
Supreme Court rules service tax cannot be levied on sale of lottery ticketsThe Supreme Court declared that service tax on lottery ticket sales is not applicable, overturning previous high court rulings. Covering th...
Budget 2016: Service tax proposed to be increased from 14.5% to 15%By imposing Krishi Kalyan Cess of 0.5% on all taxable services, FM proposes to increase service tax to 15 percent.
Mere title transfer in immovable prop exempt from Service TaxIn cases of sale of flats, transfer of title after the issuance of occupancy certificate will not attract service tax, the Finance Ministry...
Central Board of Excise and Customs raises monetary caps to arrest, prosecuteThe move is in line with the government's promise to cut down on red tape and end harassment of taxpayers and the industry .
Over 300 times increase in service tax revenue in two decadesThe Finance Ministry is also implementing a first-of-its- kind of amnesty scheme for service tax defaulters.
No service tax can be levied on chit business: Delhi HCDelhi High Court has quashed the Centre's notification to levy service tax on chit-fund business as it does not fall under the definition o...
- SC to examine legality of MP entertainment tax on DTH services
Earlier, other DTH operators - Tata Sky, Bharti and Sun Direct - had also approached the apex court challenging the the entertainment tax b...
- Can service tax be levied on MF commissions; SC admits plea
The Supreme Court has admitted a petition which has raised an important question: Is selling mutual fund products a taxable service?
- Is selling MF products taxable service?
The Supreme Court will decide the matter in an appeal filed by Commissioner of Service Tax, which feels sale of mutual funds (MFs) amounted...
- Assocham asks govt to provide clarity on key SEZ issues
Assocham has asked the government to remove the anomaly, besides providing greater clarity on issues like service tax for benefit of the de...
- Concept creation charges exempt from sales tax: SC
SC has ruled that charges collected towards the services such as evolution of prototype conceptual design like creation of concept, is not ...
- Creation of concept not liable to sales tax: SC
In a reprieve to advertising agencies, the Supreme Court has ruled that charges collected towards the services such as evolution of prototy...
- No service tax on ads in dailies
The government on Friday said sale of space for advertisement in newspapers is not subject to service tax
- Separate act for service tax may take a year more
A comprehensive law on taxation of services, or a separate service tax act, could take at least one more year to come into force.
- 'Enact stand-alone legislation to tax services'
In its pre-budget memorandum to the Finance Ministry, industry chamber PHDCCI has urged the government to enact a comprehensive stand-alone...