Cenvat Credit is allowable when invoices destroyed in fire Even though invoices have been destroyed in fire but if invoices have been recorded in the ledger and books of account of the respondent the Cenvat credit cannot be denied. Respondent could not have recorded the invoice in the ledger unless physical invoices were available. It […]
Category Archives: Service Tax
Service tax rates,taxable services in india
Are Builders liable to Service Tax on Construction of Complex? Is there any service tax liability on builders in relation to construction of complex or the service is completely exempt?
Service Tax Implications of Composite contract Composite contract could involve materials/goods and services. There could also be specie of contracts comprised of immoveable property+ goods and services. Works contracts [material plus labour contracts] or catering contracts namely ‘service wherein goods, being food or any other article of human consumption or any drink (whether or not […]
Service Tax Related advance Ruling The businessman would like to be clear in his mind about various aspects of his venture and risks involved. He would like to get clear verdict about his doubts in respect of taxation matters, before he decides to venture in the new business. Otherwise, he may be exposed to certain […]
Service tax Interest rates changed again ! There are two provisions under Finance Act, 1994 dealing with interest on delayed payment as given below: