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TAXABLE CONSTRUCTION SERVICES
Finance Ministry files review petition in SC's Safari Retreats case rulingThe Finance Ministry wants to review a Supreme Court ruling letting real estate companies claim input tax credits on construction costs for...
GST: Taxability of annuity on road construction still a grey areaIn its recent meeting the Council had clarified that annuity paid for 'service by way of access to a road or a bridge' is exempt from GST.
Building construction: Getting smart with GST and Reverse ChargeGiven that there is a large set of "unregistered" parties in this sector, the concept of reverse charge in GST carries significance.
Developers told to pay service tax on redeveloped housing projectsThe tax demand is for years prior to the introduction of the goods and services tax. All indirect taxes were subsumed in GST with effect fr...
Tax queries: Income received from provident funds outside India cannot be taxedIncome received from PFs outside India cannot be taxed, even if it is transferred to an Indian account subsequently. Our expert explains.
Bollywood actors will be levied service tax, hospitals exemptedAll Bollywood actors and those performing in television serials will be charged 12% service tax from July 1, 2012 on their earnings from ac...
- Sub-contracting of infrastructure projects to attract a service tax
Outsourcing or sub-contracting of infrastructure projects will attract a service tax, the finance ministry has said, a move likely to raise...
- Budget 2011: ASSOCHAM recommends exemption for Metro Rail, Mono Rail construction projects
ASSOCHAM in its pre-budget memorandum has recommended exemption for Metro Rail and Mono Rail construction projects.
- Construction services tax to raise cost of apartments
The Budget proposals have thrown up a dampener for the housing industry.
- No service tax on road construction: CBEC
The government has clarified that construction of roads is not a taxable service, though repair, management and maintenance of roads will a...
- Foreign law firms get tax reprieve from Bombay HC
Foreign law firms have received a shot in the arm following a judgement from the Bombay High Court which clearly states that their income w...
- Service tax burden on renting of immovable property unjust
Even before the wound caused due to levy of service tax in the recent Budget on renting of immovable property was yet to be healed, here is...
- Landlords bid to offset tax with construction cost demolished
Mall owner or landlord letting out property for commercial use will not be able to set off service tax liability against the duty paid on i...
- Now chit funds to pay service tax
In a master circular that supersedes all previous circulars on the scope, valuation and classification of taxable services, the government ...
- Time ripe to clear the mess of service tax laws
Service tax on turnkey contracts & taxation of oil field ops are examples of the directionless policymaking.
- Filling up potholes will attract service tax now
In a move that could influence the toll structure in India, the law ministry has endorsed the revenue department’s view that repair and mai...
- '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...