Friday, March 11, 2011

Service Tax Online Alerts

Alert No 20110311A : 11 March, 2011
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Latest Amendments and Recent News Views & Stories
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Latest News Views and Stories
Taxation of Services Make it a Point !!!
The most talked about provision in the budget-2011 in service tax is the introduction of the point of taxation rules In terms of the Notification 18/2011 ST Dated 01.03.2011, The Point of Taxation Rules, 2011 has been notified, which shall be effective from 1st April 2011. This rule is going to be the deciding factor as to when service tax has to be paid and how the change in service tax rates have to be applied...more
Recent Important Judgement
STO 2010 CESTAT 226
Stay :
Cenvat Credit: Restriction of 20% under Rule 6(3) of CCR, 2004 not applicable to capital goods: Unconditional waiver granted...more
 
STO 2010 CESTAT 227
Service Tax :
Excess tax paid whether can be adjusted against service tax payable. Modalities to be worked out by original authority...more
 
STO 2010 CESTAT 228
Relevancy of Act :
When the issue deals with interpretation of notification issued under Finance Act, 1994, the matter is to be considered as Service Tax matter. Just because the refund is filed before Central Excise authority as the said authority also looks after service tax matters, it cannot be said that the issue is that of central excise. It is duty of original adjudicating authority to issue correct preamble...more
 

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