section 66

Rules of Interpretation of Services in Service Tax

Excise Duty - Despite doing away with the service-specific descriptions, there will be some descriptions where some differential treatment will be available to a service or a class of services. Section 66F lays down the principles of interpretation of specified descriptions of services and bundled services. But before going on to Section 66F, let us un...

Competition (Amendment) Bill, 2009 got the Approval of parliament

Excise Duty - The Parliament has passed the the Competition (Amendment) Bill, 2009 which is to replace the Competition (Amendment) Ordinance, 2009 and to further amend section 66 of the Competition Act, 2002. Rajya Sabha passed it today, while the Lok Sabha had already considered and passed it on 14th December, 2009....

Government may wind up MRTP Commission before 2011

Excise Duty - The government is likely to seek the Cabinet’s approval on amending the Competition Act 2002 to facilitate the winding up of the Monopolistic and Restrictive Trade Practices Commission before 2011. The Bill will essentially replace the ordinance issued in October this year. The ordinance was to allow winding up the MRTPC at the earliest...

Government planning to discuss M&A clauses with Competition Commission of India (CCI)

Excise Duty - After a lull, the contentious provisions regarding mergers and acquisitions (M&A’s) of the amended Competition Act is back on the discussion table of the Ministry of Corporate Affairs (MCA). The Ministry is planning to hold a meeting with the new anti-monopoly watchdog the Competition Commission of India (CCI) and the stakeholders in th...

Separate Invoicing for Tubes and Flaps Doesn’t Affect Cenvat Credit

Goodyear India Ltd. Vs Commissioner of Central Excise (CESTAT Chandigarh) - Cenvat Credit on Input or Capital Goods could not be denied merely for showing tubes and flaps separately in invoices. Moreover, tubes and flaps were used in the manufacture of the tyres and as such qualify to be “inputs” given the definition given under Rule 2(k) of CCR, 2004....

TDS from Own Account not excludible from Gross Taxable Value

FCI OEN Connectors Ltd Vs Commissioner of Central Tax (CESTAT Bangalore) - CESTAT Bangalore held that TDS amount paid to the Government by the appellant from his own account not to be included in the gross taxable value. Accordingly, service tax not leviable on the same....

Notification 41/2012-ST Covers Refund of Swachh Bharat & Krishi Kalyan Cess

MMTC Limited Vs Commissioner of CGST & CX (CESTAT Kolkata) - CESTAT Kolkata held that notification no. 41/2012-ST grants refund of service tax paid on the taxable services used for export of goods. The said refund includes refund of Swachh Bharat Cess (SBC) and Krishi Kalyan Cess (KKC) too....

GTA Services Recipient Not Liable To Pay Service Tax if Paid by service provider

Dhariwal Industries Ltd Vs C.C.E. & C.-Anand (CESTAT Ahmedabad) - Dhariwal Industries Ltd Vs C.C.E. & C.-Anand (CESTAT Ahmedabad) Introduction: The Central Excise and Service Tax Appellate Tribunal (CESTAT) in Ahmedabad recently dealt with a crucial question regarding service tax liability in the case of Dhariwal Industries Ltd. vs. C.C.E. & C. – Ana...

Post-clearance compliance of stipulations precludes denial of entitlement which is otherwise available

Alfa Laval (India) Limited Vs Commissioner of Central Excise (CESTAT Mumbai) - CESTAT Mumbai held that demand to be unsustainable as even though belatedly the appellant has availed option provided under rule 6 and reversed the relevant cenvat credit along with interest. Concluded that even post-clearance compliance of stipulations precluded denial of an entitlement available o...

Circular Regarding levy of service tax on‘business auxiliary service’

Notification No. 43/2009-Service Tax - (02/12/2009) - Notification No. 43/2009-Service Tax Whereas the Central Government is satisfied that a practice was generally prevalent regarding levy of service tax ( including non-levy thereof ), under section 66 of the Finance Act, 1994 ( 32 of 1994) (hereinafter referred to as the Finance Act), on taxable serv...

Notification on Exempt Services in relation to transport of goods by rail

Notification No. 33/2009 - Service Tax - (01/09/2009) - Notification No. 33/2009 - Service Tax Central Government hereby exempts the taxable service provided to any person in relation to transport of goods by rail, as referred to in sub-clause (zzzp) of clause (105) of section 65 of the Finance Act, from the whole of the service tax leviable thereon und...

Notification No. S.O.2394-Income Tax, Dated: 14.02.1989

Notification No. S.O.2394-Income Tax - (14/02/1989) - That the said Association will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the Central Board of Direct Taxes, Ne...

section 66’s Popular Posts

Recent Posts in "section 66"

Separate Invoicing for Tubes and Flaps Doesn’t Affect Cenvat Credit

Goodyear India Ltd. Vs Commissioner of Central Excise (CESTAT Chandigarh)

Cenvat Credit on Input or Capital Goods could not be denied merely for showing tubes and flaps separately in invoices. Moreover, tubes and flaps were used in the manufacture of the tyres and as such qualify to be “inputs” given the definition given under Rule 2(k) of CCR, 2004....

TDS from Own Account not excludible from Gross Taxable Value

FCI OEN Connectors Ltd Vs Commissioner of Central Tax (CESTAT Bangalore)

CESTAT Bangalore held that TDS amount paid to the Government by the appellant from his own account not to be included in the gross taxable value. Accordingly, service tax not leviable on the same....

Notification 41/2012-ST Covers Refund of Swachh Bharat & Krishi Kalyan Cess

MMTC Limited Vs Commissioner of CGST & CX (CESTAT Kolkata)

CESTAT Kolkata held that notification no. 41/2012-ST grants refund of service tax paid on the taxable services used for export of goods. The said refund includes refund of Swachh Bharat Cess (SBC) and Krishi Kalyan Cess (KKC) too....

GTA Services Recipient Not Liable To Pay Service Tax if Paid by service provider

Dhariwal Industries Ltd Vs C.C.E. & C.-Anand (CESTAT Ahmedabad)

Dhariwal Industries Ltd Vs C.C.E. & C.-Anand (CESTAT Ahmedabad) Introduction: The Central Excise and Service Tax Appellate Tribunal (CESTAT) in Ahmedabad recently dealt with a crucial question regarding service tax liability in the case of Dhariwal Industries Ltd. vs. C.C.E. & C. – Anand. The primary issue under consideratio...

Post-clearance compliance of stipulations precludes denial of entitlement which is otherwise available

Alfa Laval (India) Limited Vs Commissioner of Central Excise (CESTAT Mumbai)

CESTAT Mumbai held that demand to be unsustainable as even though belatedly the appellant has availed option provided under rule 6 and reversed the relevant cenvat credit along with interest. Concluded that even post-clearance compliance of stipulations precluded denial of an entitlement available otherwise....

Extended period without willful suppression of facts with an intent to evade tax not invocable

Interarch Building Products Pvt. Ltd. Vs Commissioner of Service Tax (CESTAT Allahabad)

CESTAT Allahabad held that invocation of extended period of limitation under proviso to section 73(1) of the Finance Act unjustified in absence of any willful suppression of facts with an intent to evade the payment of tax....

Invocation of extended period of limitation unjustified if issue involved is purely interpretational

Yash Corporation Vs Commissioner of Central Excise & ST (CESTAT Ahmedabad )

CESTAT Ahmedabad held that the issue involved is of pure interpretation of legal provisions and classification of services therefore, in absence of any no mala fide intentions and suppression of facts with intention to evade payment of service tax, extended period of limitation cannot be invoked....

Addition u/s. 68 unsustainable as burden duly discharged by filing required documents

DCIT Vs Vrindavan Tubes Ltd (ITAT Delhi)

ITAT Delhi held that addition under section 68 of the Income Tax Act treating share application money from undisclosed source unsustainable as burden duly discharged by filing confirmation, affidavit, copy of income tax return and bank statement of respective parties....

Service tax not leviable on amount being reimbursed on actual basis

Principal Commissioner of Central Excise & S. Tax Vs Ganga Carrier Private Limited (CESTAT Kolkata)

CESTAT Kolkata held that reimbursement for miscellaneous activities by Clearing and Forwarding Agents from their clients being reimbursed on actual basis is not includible in value of taxable service and hence service tax not leviable....

Resolution plan approved by CoC cannot be interfered by Adjudicating Authority

SREI Infrastructure Finance Limited Vs Gujarat Hydrocarbons And Power SEZ Limited (NCLT Delhi)

NCLT Delhi held that resolution plan submitted by the Successful Resolution Applicant which was approved by CoC cannot be interfered by Adjudicating Authority. Adjudicating Authority is not empowered to analyse or evaluate commercial decision of CoC....

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