section 66

Rules of Interpretation of Services in Service Tax

Service Tax - 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...

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

Service Tax - 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....

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Government may wind up MRTP Commission before 2011

Service Tax - 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...

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

Service Tax - 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...

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If ST 3 returns and CENVAT credit returns are filed, then department cannot ask for tax beyond 1 year

Chandra Shipping & Trading Services Vs Commissioner of Central Excise & Customs, Visakhapatnam-II (CESTAT Bangalore) - T.K. Jayaraman, Technical Member. - This appeal has been filed against the Adjudication Order No. 15/2007 (VR), dated 17-5-2007 passed by the Commissioner of Central Excise & Customs, Visakhapatnam-II Commissionerate. 2. Shri MSV Prasad, the learned Advocate, appeared on behalf of the appellants and...

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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...

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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...

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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...

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Recent Posts in "section 66"

Rules of Interpretation of Services in Service Tax

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...

Read More
Posted Under: Income Tax |

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

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....

Read More
Posted Under: Income Tax |

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 service namely ‘business auxiliary service...

Read More

Government may wind up MRTP Commission before 2011

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...

Read More
Posted Under: Income Tax |

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

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...

Read More
Posted Under: Income Tax |

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 under section 66 of the Finance Act, provid...

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If ST 3 returns and CENVAT credit returns are filed, then department cannot ask for tax beyond 1 year

Chandra Shipping & Trading Services Vs Commissioner of Central Excise & Customs, Visakhapatnam-II (CESTAT Bangalore)

T.K. Jayaraman, Technical Member. - This appeal has been filed against the Adjudication Order No. 15/2007 (VR), dated 17-5-2007 passed by the Commissioner of Central Excise & Customs, Visakhapatnam-II Commissionerate. 2. Shri MSV Prasad, the learned Advocate, appeared on behalf of the appellants and Ms. Sudha Koka, the learned SDR for the...

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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, New Delhi, DGIT (Exemption), Calcutta, and...

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