The centre of the litigation was the valuation of such service. Both the laws provided independent valuation measures and that is why the situation of double taxation occurred. VAT and service tax was being paid on the same value. Various judicial pronouncements having immense significance were rendered from time to time like the decision given in the case of Bhayana Builders [2013 (32) S.T.R. 49 (Tri.-LB)] where it was concluded that free supply of material will not be added to the taxable value of service for calculating the service tax.
First of all, I would like to request my fellow future professionals to focus on the concepts. If you are clear on your concepts, you can answer what have been asked to you in the question instead of just writing what all you know. Moreover, if your concepts are clear, it will take you lesser time when you are revising.
The Reserve Bank of India (RBI) on 26th April, 2017 proposed draft of Foreign Exchange Management (Cross border Merger) Regulations, 2017 under Foreign Exchange Management Act, 1999 in relation to cross border mergers and is accepting public comments till 9th May, 2017.
THE RAJASTHAN GOODS AND SERVICES TAX BILL, 2017- An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of Rajasthan and the matters connected therewith or incidental thereto.
While there may be naysayers and people who doubt these efforts and cast aspersions on the government’s immunization program, fact is the vaccines save lives. And we are committed to enabling every child to get an opportunity to lead a healthy life. Through our work guided on science and innovation, keenly supported by evidence and insights, and led by vision and compassion, I am convinced that we will be able to provide better healthcare to all Indians.
The Corporation authorities have contended that, they have a policy guidelines of display of advertisement within the Kolkata Metropolitan area. Under such policy guidelines, the authorities are to look at the desirability of the content of the advertisement in the hoardings or glow signs. They are also to look at whether the hoardings or glow […]
Unmatched ITC means ITC not matched due to one of the TIN not being uploaded in either Annexure J1 or Annexure J2. Whereas, mismatched ITC is due to the difference in amounts of transaction disclosed by the respective buyer and supplier in their Annexure j2 and Annexure j1, respectively.
EPFO has initiated the process of constitution of fresh panel of advocates to represent CBT, EPF before Hon’ble Supreme Court of India. High Court of Delhi and EPF Appellate Tribunal
CBDT has considered work allocation of attached Directorates on functional basis and has approved following changes in existing functions and reporting structure for Directorates attached to CBDT.
In modification of the existing order and with the approval of the Competent Authority, the following distribution of work among Members of CBDT is, hereby, ordered with immediate effect and until further orders
