Follow Us:

Archive: 30 October 2010

Posts in 30 October 2010

Service Tax on financial leasing services is Constitutionally valid -SC

October 30, 2010 600 Views 0 comment Print

service tax is a Value Added Tax which in turn is a destination based consumption tax in the sense that it is levied on commercial activities and it is not a charge on the business but on the consumer. That, service tax is an economic concept based on the principle of equivalence in a sense that consumption of goods and consumption of services are similar as they both satisfy human needs.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930