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Indirect Tax News Update - Volume III Issue VIII, August 2016
CESTAT, Hyderabad in S.V.R. Tours and Travels vs. CCE & ST, Hyderabad ruled that assessee not liable to pay service tax as a 'tour operator' before as well as after the amendment to definition of “tour operator” as per Finance Act 2008. Further, CESTAT stated that assessee was transporting different persons with prefixed fare to different destinations in the same vehicle without a common contract and hence, the activity will be more akin to transport of passengers rather than operating tour.
Author : BSA Taxation Team
Date : August 1, 2016
 
 
Indirect Tax News Update - Volume III Issue VII, July 2016
Recently, Finance Ministry notified that the exemption of all taxable services from whole of Krishi Kalyan Cess where invoice has been issued on or before May 31, 2016. Such exemption is subject to the condition that provision of service has also been completed on or before May 31, 2016.
Author : BSA Taxation Team
Date : July 1, 2016
 
 
Indirect Tax News Update - Volume III Issue VI, June 2016
Recently, the Central Govt. notified that the services by way of renting immovable property, transport of goods & passengers, services in relation to aircraft / vessel and speed post, life insurance and agency services as specified u/s 66D(a)(i), (ii) & (iii) respectively by Govt. / local authority to a business entity with turnover upto Rs 10 lakhs in preceding financial year liable to service tax. The Finance Ministry has inserted Explanation to Entry 48 of Notification No. 25/2012-ST.
Author : BSA Taxation Team
Date : June 1, 2016
 
 
Indirect Tax News Update - Volume III Issue V, May 2016
Recently, the Central Govt. notified the Point of Taxation (Second Amendment) Rules, 2016, thereby prescribing point of taxation in case of change in liability to pay service tax under reverse charge. The Govt. inserted second proviso in Rule 7 to provide that where there is change in liability or extent of liability of a service recipient notified u/s 68(2), in case service has been provided and invoice issued before date of such change, but payment has not been made, point of taxation shall be date of ‘issuance
of invoice’.
Author : BSA Taxation Team
Date : May 3, 2016
 
 
Indirect Tax News Update - Volume III Issue IV, April 2016
Central Govt., vide Notification No. 21/2016-ST dated March 30, 2016 has notified Point of Taxation (Second Amendment) Rules, 2016, thereby prescribing point of taxation in case of change in liability to pay service tax under reverse charge. Vide the Notification, the second proviso has been inserted in Rule 7 in order to provide that where there is change in liability or extent of liability of a service recipient notified u/s 68(2), in case service has been provided and invoice issued before date of such change, but payment has not been made, point of taxation shall be date of ‘issuance of invoice.’

Author : BSA Taxation Team
Date : April 4, 2016
 
 
 
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