Tag Archives: Services

Service Tax Implications of Composite contract

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 […]

Assessment of Service Tax considering the free supply

Assessment of Service Tax considering the free supply The inclusion or exclusion of value of free supply particularly in the case of Industrial and commercial construction has been a bone of contention between the revenue and the assessee regarding assessment of Service Tax. The revenue always insists that the cost of free supply should be […]

Validity of Service Tax Audit – June 2016

Validity of Service Tax Audit – June 2016 In the past there have been a lot of disputes with quashing of Rule on audit [5A(2)], leading to questioning of legality of service tax audit. When self assessment came the power of the revenue to scrutinise records was supposed to diassapear. CAs were however empowered under […]

No Service tax on sale of under construction flats if contract price includes value of land

No Service tax on sale of under construction flats if contract price includes value of land Important judgement of the Hon’ble High Court of Delhi in the case of Suresh Kumar Bansal Vs. Union of India & Ors; Anuj Goyal & Ors Vs. Union of India & Ors [2016-TIOL-1077-HC-DEL-ST] on the following issue:

Cenvat Credit on Construction, Repairs & Works contract Services

Cenvat Credit on Construction, Repairs & Works contract Services Introduction Cenvat Credit is a beneficial scheme wherein the duty paid at earlier stage on inputs and input services is allowed to be set off against the liability on manufactured goods or output services provided. As a result what is taxed is only the value addition […]

Service Tax Implications of Plotted Development

Service Tax Implications of Plotted Development We would examine what would be the effect of some services activity conducted in the course of a sale of immovable property in general and development of plots in particular. Consequently the impact of service tax. We also examine the service tax implications along with few possible issues arising […]