Service Tax : As per Service Tax Rules, 1994, ‘Legal Service’ means any service provided in relation to advice, consultancy or assistance in...
Service Tax : A. PERCEPTIVE OF TERMING IT AS SALE Article 366(29A)(c) of Constitution: Such delivery of goods on hire purchase or any system of ...
Service Tax : Once the products are produced by a farmer or dairy produce is made by a person, then many processes are being done on the same be...
Service Tax : The Finance Bill, 2012 has massively rattled the provisions related to service tax enshrined in the Finance Act, 1994. A New rever...
Goods and Services Tax, Service Tax : Imagic Creative (P.) Ltd. v. Commissioner of Commercial Taxes Payments of service tax as also the VAT are mutually exclusive. Ther...
Income Tax : The Ministry of Consumer Affairs, Food and Public Distribution has issued advisory to all the State Governments/UTs to sensitise t...
Service Tax : Government has received a number of complaints from consumers through the National Consumer Helpline that some hotels and restaura...
Service Tax : Hotels and restaurants are charging 'service charge' in range of 5-20%, in lieu of tips, which a consumer is forced to pay irrespe...
Fema / RBI : After advising banks to display information regarding interest rates and service charges on the notice board inside their all the ...
Income Tax : . In view of the above decision, the company whose principal business is that of granting of loans and advances, may earn a compar...
Corporate Law : A component of service is inherent in provision of food and beverages ordered by a customer. Pricing of the product therefore is e...
Fema / RBI : Charges fixed should be reasonable and computed on a cost-plus-basis and not as an arbitrary percentage of the value of the instru...
Service Tax : CIRCULAR NO 119/13/2009-ST- Customs House Agent’s (CHA) Services are taxable since 15th June 1997. As per the definition (sectio...
Excise Duty : Since these services are provided free by the dealer on behalf of the assessee, the cost towards this is included in the dealer's ...
Fema / RBI : DBOD.No.BL. 63 /22.01.009/2009-10 - Banks are permitted to appoint the following entities as BCs, in addition to the entities pre...
A component of service is inherent in provision of food and beverages ordered by a customer. Pricing of the product therefore is expected to cover both the goods and service components.
The Ministry of Consumer Affairs, Food and Public Distribution has issued advisory to all the State Governments/UTs to sensitise the companies, hotels and restaurants in the state regarding the relevant provisions of the Consumer Protection Act, 1986 on unfair trade practices
Government has received a number of complaints from consumers through the National Consumer Helpline that some hotels and restaurants have been levying service charge at the rate of 5-20 per cent on the bills of food and beverages in lieu of tips which a consumer is forced to pay irrespective of the kind of service provided to him.
Hotels and restaurants are charging ‘service charge’ in range of 5-20%, in lieu of tips, which a consumer is forced to pay irrespective of kind of service provided to him.
As per Service Tax Rules, 1994, ‘Legal Service’ means any service provided in relation to advice, consultancy or assistance in any branch of law, in any manner and includes representational services before any court, tribunal or authority.
A. PERCEPTIVE OF TERMING IT AS SALE Article 366(29A)(c) of Constitution: Such delivery of goods on hire purchase or any system of payment on installment shall be deemed as “Sale of Goods” 2. Power to levy tax on sales is vested to State Governments under Entry 54 of List II and thus VAT has been […]
Once the products are produced by a farmer or dairy produce is made by a person, then many processes are being done on the same before the same is put to use for any other purpose. If because of such process on the products made results in a new, distinct product,
The Finance Bill, 2012 has massively rattled the provisions related to service tax enshrined in the Finance Act, 1994. A New reverse charge mechanism has been proposed by the Finance Bill, 2012. And by the latest Finance Bill, Section 68 (2) of the Finance Act, 1994 has been put under amendment to put the onus of payment of service tax on reverse charge basis partly on service provider and partly on service receiver. Three specific services i.e. hiring of means of transport, construction and man power supply have been chosen for this purpose.
Charges fixed should be reasonable and computed on a cost-plus-basis and not as an arbitrary percentage of the value of the instrument. The service charges-structure should not be open ended and should clearly specify the maximum charges that would be levied on customers including charges if any, payable to other banks.
. In view of the above decision, the company whose principal business is that of granting of loans and advances, may earn a comparatively high income from some other activity in a particular year, merely because the income/loss from share trading in the year under consideration is higher than the interest income,
