In the matter of FLIPKART INTERNET PRIVATE LIMITED [W.P.(C).NO.5348 OF 2015 (P) & W.P.(C).NO.6916 OF 2015 (L)], the Hon'ble Kerela High Court set aside the penalty imposed on the petitioner holding that FLIPKART is facilitating sale and purchase of goods through online portals cannot be considered as dealer of goods, consequently not liable for VAT. To get full text of the … Continue reading ONLINE SERVICE PROVIDERS LIKE ‘FLIPKART’ FACILITATING SALE AND PURCHASE OF GOODS THROUGH ONLINE PORTALS CANNOT BE CONSIDERED AS DEALER OF GOODS – NOT LIABLE FOR VAT
CLARIFICATION ON SWACHH BHARAT CESS
As you know the Central Government vide Notification No. 21/2015-ST dated November 6, 2015, the Central Government has fixed November 15, 2015 as the date on which Chapter VI (Section 199) of the Finance Act, 2015 [Swachh Bharat Cess (SBC)] shall come into effect. Further, vide another Notification No. 22/2015-ST the Central Government provided the … Continue reading CLARIFICATION ON SWACHH BHARAT CESS
Remittance against export of services received in INR but through foreign bank is deemed to be received in convertible foreign exchange – One of the Export conditions stand satisfied AGM India Advisors Pvt. Ltd. Vs. Commissioner of Service Tax, Mumbai-I[2015 (10) TMI 2411 – CESTAT MUMBAI]
AGM India Advisors Pvt. Ltd. (“the Appellant”) had exported management consultancy services without payment of Service Tax under Rule 4 of the erstwhile Export of Service Rules, 2005. Since the Appellant was exporting services and therefore, not in a position to utilize the CENVAT Credit availed by them on input services used for providing output … Continue reading Remittance against export of services received in INR but through foreign bank is deemed to be received in convertible foreign exchange – One of the Export conditions stand satisfied AGM India Advisors Pvt. Ltd. Vs. Commissioner of Service Tax, Mumbai-I[2015 (10) TMI 2411 – CESTAT MUMBAI]
Swachh Bharat Cess @ 0.5 per cent applicable from November 15, 2015
Vide Finance Act, 2015, the Central Government has been empowered to levy Swachh Bharat Cess @ 2 per cent of the value of specified taxable services from such date as the Central Government may, by notification in the Official Gazette, appoint. Now, vide Notification No. 22/2015-Service Tax dated November 06, 2015, the Central Government has … Continue reading Swachh Bharat Cess @ 0.5 per cent applicable from November 15, 2015
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