"30 October 2010" Archive

Service Tax on financial leasing services is Constitutionally valid -SC

Assoiciation Of Leasing & Financial Service Companies Vs Union Of India And Others (Supreme Court of India)

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 ser...

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