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Latest News Views and Stories |
Availing credit on debit notes needs govt's clarity | Revenue pressures usually start showing in the fag end of the financial years. Like every private or public organisation, government departments too seem to be under revenue collection and target pressures. Government appears to be using two ways of projecting higher revenues...more | | |
Recent Important Judgement |
STO 2010 CESTAT 191 | Service Tax: Penalty: Section 80: The lower appellate authority has extended the benefit in terms of Section 80 of the Finance Act, 1994 by accepting that the appellants had put forth reasonable cause for non-payment of the tax. The only ground in the appeal of the Revenue is that Section 78 provides for imposition of penalty. No merit in the appeal of the Revenue. (para 2,3)...more | | |
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STO 2010 CESTAT 192 | Service Tax: Intellectual Property Rights Service: The service rendered to the assessees falls under the category of Intellectual Property Rights Service which came into services tax net only with effect from 10.09.04, and not a Consulting Engineering Services leviable to services tax prior to 10.09.04, is correct for the reason that the issue stands settled in favour of the assessees by the decision of the Tribunal in the case of M/s. B.E. GELB Consultancy services Vs. CCE, Coimbatore The impugned order is upheld and the appeal is rejected.....more | | |
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STO 2010 CESTAT 193 | Service Tax: Technical testing and analysis service: Manpower Supply Services: Remand: STO 2009 SC 1760 was delivered subsequent to the passing of the impugned order. The same is the case with the Cognizant Technology and Future Focus decisions cited supra. The adjudicating authority is required to consider the applicability of the above judgments. The impugned order is set aside and remit the case for fresh decision in the light of the above decisions. (para 3)...more | | |
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