Latest Amendments and Recent News Views & Stories
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| Latest News Views and Stories |
| Taxing cashless insurance facility is discriminatory | | Discrimination in taxation policy is least expected by the citizens and more so if it comes to harsh taxes on healthcare. The Finance Act, 2010, had brought the health check up services undertaken by hospitals or medical establishments for the employees of business entities, and health services provided under health insurance schemes offered by insurance companies, under the service tax net...more | | |
| Recent Important Judgement |
| STO 2010 CESTAT 179 | Service Tax: Cleaning Service: Pre-deposit:
As the applicants are only removing fly ash from the ash pond to the other area, therefore prima facie it is not covering under the cleaning service therefore pre-deposit of service tax and penalties are waived and recovery of the same is stayed during pendency of the appeal. Stay petition is allowed. (para 6)...more | | |
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| STO 2010 CESTAT 180 | Service Tax: Refund: Bar of Limitation:
Notification No. 41/07-ST dated 6/10/07 Amendment to Notification is prospective and not retrospective in nature: The amendment to the Notification is prospective unless it is expressly or by necessary implication made to have retrospective operation. Hon'ble Supreme court in the case of Bombay Oil Industries Pvt. Ltd. held that the amendment Notification is prospective in nature. The Hon'ble Supreme Court held that the import made prior to amendment are covered by the earlier Notification and importer has to fulfil the conditions. (para 4)...more | | |
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| STO 2010 CESTAT 181 | Service Tax: Security Agency and Housekeeping-cleaning services: Penalty
The appellant is providing services to the International Organizations, which fact is accepted by the lower authorities and was entitled to the exemption, which stand denied only on the ground that certificates showing providing of services to the International Organization have not been produced. No justification for imposition of penalty and accordingly, penalty set aside. (para 4)...more | | |
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