Latest Amendments and Recent News Views & Stories
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| Latest News Views and Stories |
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| Recent Important Judgement |
| STO 2010 CESTAT 200 | Service Tax: Cenvat Credit: Amount reversed before issue SCN:
The service tax amount of Rs.1,24,36,820/ - utilized by the assesses during the period in dispute has been reversed on 30.04.08 prior to the issue of show-cause notice dt.21.07.08 In these circumstances, the provisions of Section 73 (3) of the Finance Act,1944 are attracted so as to hold that assessees are not liable to any penal action. (Para 2)...more | | |
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| STO 2010 CESTAT 201 | Service Tax: Works Contract: Service:
The term service generally means service of any description which is made available to potential user and includes the provision of facilities. An activity in the nature of service whether provided individually or integrally and' solely, separately or combinedly with other activities has its identity. (para 8)...more | | |
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| STO 2010 CESTAT 202 | Service Tax: Business Auxiliary Services: Pre-deposit:
Thread bare examination was made in para 20.1 to 22.1 of OIO demonstrating that the fact of promoting business of the SIFCL by the appellants was of the nature of "Business auxiliary services". Ld. Adjudicating Authority had taken into consideration the judicial pronouncements in respect of category of services provided and came to the conclusion that the appellants provided "business auxiliary services." Taking into consideration that the appellants has already made deposit of Rs. 10 crores, direct the appellants to make further deposit Rs. 2 crores (para 14,16)...more | | |
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