Service Tax

The insurer challenges a CESTAT order upholding service tax on reinstatement charges and a penalty; the Supreme Court has tagged its plea with a similar pending case

The CCPA has said service charges are voluntary and cannot be imposed by default, collected under another name, or bundled with food bills

Experts say the Tribunal's ruling on delayed payment charges could provide greater certainty to stock brokers on the tax treatment of financing-related charges

No service tax on corporate guarantees by parent company to subsidiaries in absence of consideration, it says

Where the taxpayers are doubtful on whether they will be penalized, it makes sense to opt for settlement and get a quick closure. For them, the latest FAQs give a quick initiation

The CESTAT bench ruled that service tax cannot be levied on takeaway/ parcel food items sold by restaurants while hearing the pleas filed by Haldiram Marketing Pvt Ltd

The real issue before taxation lies in identifying the Goose Point and the way goes through 'neutral goods'

Paper by Shardul Amarchand Mangaldas and Jindal Global Law School opposes digital service tax, currently imposed by individual countries, such as equalisation levy by India

GST on expenses charged by REITs, InvITs and MFs may result in tax levy of hundreds of crores

To facilitate trade, Indian banks provide services to exporters by sending the export documents to the bank of the importer abroad and collect payment

The CBIC has also instructed field formations to make special efforts to dispose of all pending refund and drawback claims through a "special refund and drawback disposal drive"

Disputes relating to wealth, securities transactions, commodities transaction tax, and the equalisation levy are not covered under the scheme.

The amnesty component offers an opportunity to taxpayers to pay the outstanding tax and be free of any other consequence under the law

The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 is not yet implemented. It shall come into force with effect from September 1, 2019

Many entities were served notices after the 15% tax was introduced in April 2016

A total of 13 banks had approached the high court claiming that the government had arbitrarily decided on the service tax

Similarly, in respect of central excise, total arrears increased to Rs 96,496 crore in FY 2017-18 from Rs 84,200 crore in the previous year.

The case was from the earlier service tax regime, prior to rollout of the current goods and services tax

The judgment, issued by an Allahabad HC Bench, will have ramifications on all revenue sharing arrangements, say experts

The chairman of SBI should review the difference in charge