Latest Amendments and Recent News Views & Stories
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| Latest News Views and Stories |
| Taxpayer-friendly service tax turning into a nightmare for assessee | | One perceives service tax as an assessee-friendly tax and the same is claimed by the ministry of finance, budget after budget. The government has time and again given an impression to the trade and industry that they are in the process of simplifying the procedures and making it user-friendly. But the same is far from the truth. This budget has been very harsh. It has not only proposed powers for prosecution but has also proposed harsh penal interests. Some of the recent changes are discussed here...more | | |
| Recent Important Judgement |
| STO 2010 CESTAT 223 | Cenvat Credit: Input services :
duty paid on input services is admissible to the job worker clearing the goods to principal manufacturer under Notification No. 214/86-CE...more | | |
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| STO 2010 CESTAT 224 | Photography Service: Income surrendered to Income Tax :
income voluntarily disclosed before the income tax authorities could not be added to the taxable value unless there is evidence to prove the same...more | | |
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| STO 2010 CESTAT 225 | Stay: Service Tax :
Impugned order and show cause notice does not show explicit case in favour of Revenue: Waiver from pre deposit granted...more | | |
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