Principles of Classification - Service Tax

  • Category: Erstwhile Indirect Tax Laws
  • Date: 07-08-2015
  • Writers: CA Madhukar N Hiregange, CA Monalisa Khuntia

CST/ K-VAT- Limitation Period

  • Category: Erstwhile Indirect Tax Laws
  • Date: 06-08-2015
  • Writer: CA Madhukar N Hiregange

Levy of Service Tax on manufacturing of liquor, beer, Brewing and Bottling on Job work/contract basis

  • Category: Erstwhile Indirect Tax Laws
  • Date: 06-08-2015
  • Writers: CA Rajesh Kumar T R, CA Anil Kumar Bezwada

K VAT compliance Industrial canteens

  • Category: Erstwhile Indirect Tax Laws
  • Date: 05-08-2015
  • Writer: CA Mahadev R

VAT is a levy on sale of goods. For the purpose, it is usually the seller who would be held liable for payment of VAT. However, there are few exceptions created under the VAT provisions. As per Section 3(2) of KVAT Act 2003, in case there is a sale by an unregistered person to a registered dealer, then the tax shall be paid by such registered dealer who is a buyer of goods. Similarly exceptions are created with respect to collection and payment of tax especially in case of industrial canteen...

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K-VAT Compliance - Industrial Canteens

  • Category: Erstwhile Indirect Tax Laws
  • Date: 05-08-2015
  • Writer: CA Mahadev R

Taxable Value for International Transactions

  • Category: Erstwhile Indirect Tax Laws
  • Date: 05-08-2015
  • Writer: CA Rajesh Kumar T R

Taxation of Works Contract

  • Category: Erstwhile Indirect Tax Laws
  • Date: 04-08-2015
  • Writers: CA Madhukar N Hiregange, CA Monalisa Khuntia

Renting of Motor Cars VAT vs. ST

  • Category: Erstwhile Indirect Tax Laws
  • Date: 03-08-2015
  • Writers: CA Ravi Kumar Somani , CA Sudhir VS

Renting/Hiring of Motor vehicles has mostly been an unorganized operating with limited vehicles (mostly owned) covering limited geographical area and very limited outlook to grow. However, outlook of this sector is now changing with tons of investment being infused by established Indian corporate and foreign investments. In a sector where change seems good and growth seems obvious it is the responsibility of the government to ensure that uncertain fiscal policies must not create unnecessary...

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Renting of Motor Cars - VAT vs. ST

  • Category: Erstwhile Indirect Tax Laws
  • Date: 03-08-2015
  • Writers: CA Sudhir VS, CA Ravi Kumar Somani

Service Tax on Buying Agent

  • Category: Erstwhile Indirect Tax Laws
  • Date: 02-08-2015
  • Writer: CA Roopa Nayak

Under Service Tax law, there was ongoing litigation about the applicability of service tax levy on commission agency services by Indian services providers to foreign principals. The argument was that all services were provided by way of marketing/sales promotion to customers in India, consequently taxable in India. The issue was more or less settled over period of 2006-2014 that services were exports. A reversal in the entire concept has been made whereby Indian commission agents earning...

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