No recovery proceedings can be initiated before adjudication of Show Cause Notice, however, Service Tax amount self assessed and declared in the return but not paid shall be recovered under Section 87 of the Finance Act, 1994 without serving any Notice as required under Section 73(1)

The Hon’ble Karnataka High Court relying upon the decision of GSP Infratech Development Ltd. Vs. Union of India and Others in W.P.Nos. 13781 & 14061/2013 (T-TAR) and held that the words “amount payable by a person” used in Section 87 of the Finance Act will have to be considered in the background of Section 73 … Continue reading No recovery proceedings can be initiated before adjudication of Show Cause Notice, however, Service Tax amount self assessed and declared in the return but not paid shall be recovered under Section 87 of the Finance Act, 1994 without serving any Notice as required under Section 73(1)

Rajya Sabha panel vets GST Bill; Congress’ 8-point dissent note throws spanners in the GST works

A Rajya Sabha select committee endorsed the Constitutional Bill for the Goods and Services Tax (GST), but uncertainty over whether it could be passed by the Upper House in the monsoon session persisted. This is because the Congress, the largest party in the Rajya Sabha where the BJP-led alliance is in a minority, could insist … Continue reading Rajya Sabha panel vets GST Bill; Congress’ 8-point dissent note throws spanners in the GST works