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| Indirect Tax Newsletters |
| Indirect Tax News Update - Volume II Issue X, October 2015 |
In a recent judgment, Tower Vision India Pvt. Ltd. & Bharti Infratel Ltd. vs. CST, Delhi, the President has referred the issue pertaining to admissibility of CENVAT credit on telecom towers to 3 Member Larger Bench, in lieu of reference to Third Member. The President has called for tagging of present appeals with that of Idea Mobile, states that assessees as interveners would not be able argue matter on facts. |
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| Author : BSA Taxation Team |
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| Date : October 1, 2015 |
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| Indirect Tax News Update - Volume II Issue IX, September 2015 |
| Finance CBEC has issued a clarification w.r.t. modus operandi of amended Sec 73, 76 & 78 of Finance Act as also Sec 11AC of Central Excise Act, in case of detections made during audit, investigation or scrutiny. It has been stated that in case involving extended period of limitation, where an assessee pays service tax / excise duty, interest and 15% penalty, a written show cause notice (SCN) may be waived at assessee’s request. |
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| Author : BSA Taxation Team |
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| Date : September 2, 2015 |
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| Indirect Tax News Update - Volume II Issue VIII, August 2015 |
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Finance Ministry has clarified that the service charges collected by Restaurants, Ho- tels and / or Eateries are not ‘Service Tax’ collected on behalf of Central Govt. The Ministry elucidated that such charges are retained by Restaurants / Hotels / Eat- eries and not imposed by Govt. The press release reiterates that effective service tax rate applicable on restaurant, eating joint or mess having facility of air-conditioning or central air-heating in any part of the establishment is 5.6% (14% of 40%) of total amount charged.
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| Author : BSA Taxation Team |
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| Date : August 5, 2015 |
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| Indirect Tax News Update - Volume II Issue VII, July 2015 |
With regard to services provided in relation to serving of food or beverages by a restaurant, eating joint or a mess, having the facility of air-conditioning or central air heating in any part of the establishment, the Government of India has issued a circular No. 184/3/2015-ST dated June 03, 2015. |
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| Author : BSA Taxation Team |
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| Date : July 2, 2015 |
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| Indirect Tax News Update - Volume II Issue VI, June 2015 |
CESTAT LB, in Lanco Infratech Ltd & Others vs. CC, CCE & ST has held that laying of pipelines / conduits for lift irrigation systems and involving associated activities like trenching, masonry work, are taxable as ‘Commercial or Industrial Construction Service’ (CICS) prior to June 2007, and not ‘Erection, Commissioning or Installation Service’ (ECIS). |
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| Author : BSA Taxation Team |
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| Date : June 1, 2015 |
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