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India is on behest of implementing Goods and Service Tax (GST) which is said to be biggest tax reform since Independence.   

One important aspect under GST would be to deal with transitional provisions especially in relation to ongoing contracts which have been entered into pre GST but not completed at the time of GST introduction. Present discussion is confined to transitional challenges on the contracts entered into by service providers only.  

The conditions in contract...

SUPREME COURT

1. Service Tax cannot be levied on indivisible works contracts prior to 1.6.2007(CCE, Kerala vs. M/s Larsen and Toubro Ltd 2015-TIOL-187-SC-ST)

• Prior to 1.6.2007, service tax is applicable only to service contract simpliciter not to composite works contract. Section 67 of the Finance Act which provides for value of gross amount charged for charging service tax refer to value of service in case of contract of service simpliciter not for composite contracts.
• In...

It is very often that the Tribunals & Courts while deciding tax disputes considers various provisions of allied laws like Law of Limitation, Foreign Exchange Management Act, 1999 & Indian Evidence Act, 1872 etc. Therefore while practicing and presenting the case before authorities, Tribunals the Advocates & Chartered Accountants need to have knowledge on various provisions of allied laws. In this article I am highlighting some of provisions of Limitation Act which are very much relevant to...

The Cenvat credit rules 2004 enable a manufacturer under central excise to avail the credit on "Input Services" which are used directly or indirectly in relation to the manufacture of the final products and clearance of the same from the place of removal. A large proportion of the services consumed by manufacturers, therefore, would now be an input service. Similarly, the service provider is eligible for the CENVAT credit on the inputs and capital goods used for providing the output...