The Comptroller and Auditor General of India (CAG) on August 23, 2013, had presented report no. 17 of 2013 - Union government (compliance audit) for the year ended March, 2012. The audit report highlights the performance of the ministry/department ...
In keeping with the principle laid down by the apex court on the issue, the high court has deliberated on the finer differentiation between the mere licensing for use and the transaction of legal tran
Definition of 'tax on sale or purchase of goods' was expanded by the 46th amendment to the Constitution
The Tribunal observed that service tax is a consumption based tax and the beneficiary of the money transfer services of WU's agents in India is WU located abroad
A typical maintenance, repair and overhaul (MRO) contract would involve replacing unserviceable parts with functioning parts so as to keep the equipment functioning.There are some unique features that relate to a typical MRO contract for the airline ...
Misunderstanding between contract for sale and contract for works & material can affect amount of actual taxation
States should have pragmatic provisions to make merger or demerger of businesses a smooth process
Rule 10 of the Cenvat credit rules should be redrafted appropriately so that credit transfer is exercised as a matter of choice
Most VAT and CENVAT authorities have no training facilities for dealing with digital signatures
Proposals for enhanced penalties need to be applied with immense restraint and judiciousness
As time has passed, since the negative list of services was introduced, we have encountered many anomalies â€” in the design of the law â€” which were not apparent earlier. One such anomaly involves the transportation of goods.The common fact ...
This column has highlighted issues in the past related to double taxation and overlap between federal and state levies as far as taxation of goods and services are concerned. This article discusses a potential case of double taxation on a ...
Commission agents are quite common in the manufacturing sector, especially in respect of foreign commission agents, used for penetrating markets overseas. Assessing authorities at numerous occasions have contended that the services of commission ...
The place of performance of services was the most disputed issue, next only to classification disputes, of the erstwhile regime of service taxation. After introduction of the negative list and definition of â€˜serviceâ€™ per se, the introduction of ...
In a recent ruling, the Delhi High Court, in Intercontinental Consultants and Technocrats Pvt Ltd v Union of India & Anr.