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Taxmannlaw
Member Since: 13th May 2009
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No of Articles: 6
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Taxes

Service Tax On Equipment Leasing And Hire-Purchase - Whether Un-Constitutional ?

24th November 2009
Surender Kumar Jain This article makes a comprehensive analysis of the decision of the High Court in Kerala Non-banking Finance Companies Welfare Association v. Union of India [2009] 20 STT 1, wherein a recent issue as to : whether charging of service ...
Legal

Alternate Submission Of Proof Of Imports -(For listed companies - Specific facility)

29th October 2009
R Balakrishnan Whenever the foreign exchange is acquired and remitted, the proof of import by way of exchange control copy of bill of entry needs to be submitted to the authorised dealer. Non-submission of the proof of imports would invite action again...
Taxes

Goods And Service Tax - A Consumption Based Destination Tax

16th September 2009
V. Gangadharan The Goods and Service Tax (GST), a landmark in the history of tax reforms, after the implementation of VAT, has started its journey by the Finance Minister's public endorsement of the dual GST model. The dual GST model will comprise o...
Taxes

Non-Indication Of Service Tax In Bill - An Analysis

08th September 2009
M. Govindarajan Whenever a service is brought into the service tax net, the service provider is liable to levy service tax on the service provided by him and to pay the service tax so collected from the service receivers. The Service Tax Rules make it ...
Taxes

Service Tax – Budget Highlights 2009

08th August 2009
Monarch Bhatt The glimpse of service tax proposals forms the subject- matter of this article. Nothing is certain but death and Tax- Benjamin Franklin 1. Economy may be good or bad, there may be any progress or not, there may be development or no...
Taxes

Major Changes In Indirect Taxes

29th July 2009
V. S. Datey 1. Budget 2009 was presented before Parliament on 6-7-2009. The major changes in indirect taxes are summarised below: 2.1- No change in existing rate of service tax - Existing rate of service tax of 10 per cent continues unchanged. 2...