With so many detractors this vital tax reform is struggling against the odds
It is by now agreed wisdom in the minds of all stakeholders that the present scheme of consumption taxation, or indirect taxation as it were, is no longer sustainable and that the Goods and Services Tax (GST) is by far a better tax model. That being ...
Budget 2012-13 possibly provides an opportunity to resolve this longstanding problem through the proposed taxation of services
Several earlier articles in this column have discussed the indirect tax issues surrounding the mobile telecommunications industry. An important constituent of this industry, namely the passive infrastructure sector, has witnessed significant ...
A previous article in this series had discussed an important recent judgment of the Mumbai High Court on the vires of the recently introduced Explanation to the relevant definitions contained in service tax law on construction services. The ...
One of the key expectations from the finance minister’s speech last Friday on Budget 2012-13 was regarding the Goods and Service Tax (GST). Most importantly, there was a strong anticipation that the finance minister would forcefully reiterate ...
In an important recent decision, the Mumbai High Court has dismissed several writ petitions which had challenged the constitutional validity of the amendments made to certain definitions in service tax law relating to construction activities, vide ...
The sales taxability of transactions relating in the course of import and export has been the subject matter of intense judicial scrutiny, particularly due to exemption from the tax granted to transactions under the Central Sales Tax Act, 1956 ...
An earlier article in this column had discussed the service taxability of cost/revenue sharing arrangements which were increasingly being resorted to in the modern business world. A view was expressed that in either of these arrangements, there was ...
The previous two articles in this column had discussed the Communication on the future of VAT in the EU ('Communication') adopted by the European Commission ('EC'), including its purpose, the overriding objectives of the reform as spelt out therein, ...
The previous article in this column had discussed briefly the Communication on the future of VAT in the EU (‘Communication’), recently adopted by the European Commission (‘EC’), and the need for India to closely follow these ...
The EC believed that the 40-year-old tax regime was no longer suitable for the service-driven, technology-based economy.
Previous articles in this column had discussed in detail the concept paper on taxation of services based on the negative list released by the Central Board of Excise and Customs (CBEC) for public debate in August 2011. Based on the feedback received ...
Andhra Pradesh High Court addresses taxability of income streams of telecom operators.
An earlier article in this column had discussed the Point of Taxation Rules 2011 (POTR), which have come into force from the 1st July this year. As is well known, the POTR has essentially shifted the basis of payment of service tax from receipt of ...