PRESENT INDIRECT TAXATION STRUCTURE  Present Indirect Tax structure of India provides various levies and taxable events in respect of such levies vary, depending upon the nature of tax. The four major constituents of present Indirect Tax structure and taxable events thereof can be described as under: Nature of Levy Taxable Event Respective Entry under Schedule … Continue reading SHORT NOTE ON MODEL GST LAW

Much awaited 122nd Constitutional Amendment Bill on GST is passed in Rajyasabha (03.08.2016), way to GST is clear now. Kudos to all professionals dealing in indirect taxation laws

In a recent judgment, the Hon’ble Delhi High Court, bench of Justice S. Muralidhar and Justice Vibhu Bakhru, in the matter of Suresh Kumar Bansal v. Union of India & Ors. [W.P. (C) 2235/2011] has set aside the provision of Section 65(105)(zzz) of the Finance Act,1994, which includes “taxable service” provided to any person, by any another … Continue reading Don’t Pay Service Tax to Builders

As we know that all service tax is leviable on all services except those, which are exempted by way of Mega Exemption Notification or Negative List provided under the Finance Act, 1994. The Central Government vide Notification No. 25/2012- Service Tax dated 20.06.2012 has exempted various taxable services. Entry No. 6 of the said Notification … Continue reading Service Tax on Senior Advocates_Rollback by Central Government

In the Delhi High Court, Mega Cabs Pvt. Ltd. filed writ petition (C) No. 5192/2015 [[Mega Cab v UOI and Anr.] challenging the validity of Rule 5A(2) of the Service Tax Rules, 1994 as substituted by Notification No. 23/2014-ST, dated 05.12.2014, clause (k) of sub-section (2) of section 94 of the Finance Act, 1994 as … Continue reading Mega Cabs Private Limited v. Union of India Ors.