Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4796
Join Channel
TaxTMI 
