Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Showroom fit-out works that transform bare commercial structures into functional showrooms through flooring, ceilings, partitions, HVAC, fire-suppression and plumbing qualify as original works for works contract valuation. The article states that service tax may therefore be determined on the prescribed portion of contract value under rule 2A(ii)(A), with the applicable abatement, making a demand based on denial of original-works valuation unsustainable. It further notes that an advance forfeited when a customer fails to purchase ordered goods, and reimbursement for goods lost in a fire, are not consideration for services and are not subject to service tax. With no demand surviving, penalties do not arise.
Showroom fit-out works that transform bare commercial structures into functional showrooms through flooring, ceilings, partitions, HVAC, fire-suppression and plumbing qualify as original works for works contract valuation. The article states that service tax may therefore be determined on the prescribed portion of contract value under rule 2A(ii)(A), with the applicable abatement, making a demand based on denial of original-works valuation unsustainable. It further notes that an advance forfeited when a customer fails to purchase ordered goods, and reimbursement for goods lost in a fire, are not consideration for services and are not subject to service tax. With no demand surviving, penalties do not arise.
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