Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Reverse-charge liability on foreign or intermediary bank charges deducted while transmitting export proceeds requires a taxable service provider-recipient relationship. Where the exporter neither engaged the banks nor owed them consideration, deductions from export proceeds do not establish that relationship and do not attract service tax under Banking and Other Financial Services. Regulatory dossier preparation and compilation for overseas pharmaceutical approvals must be classified by the activity actually performed, not the provider's technical qualifications. Preparing documentation from available information or published literature, without advice or scientific or technical assistance, is not Scientific or Technical Consultancy Service. The related service-tax demands, interest and penalties were unsustainable.
Reverse-charge liability on foreign or intermediary bank charges deducted while transmitting export proceeds requires a taxable service provider-recipient relationship. Where the exporter neither engaged the banks nor owed them consideration, deductions from export proceeds do not establish that relationship and do not attract service tax under Banking and Other Financial Services. Regulatory dossier preparation and compilation for overseas pharmaceutical approvals must be classified by the activity actually performed, not the provider's technical qualifications. Preparing documentation from available information or published literature, without advice or scientific or technical assistance, is not Scientific or Technical Consultancy Service. The related service-tax demands, interest and penalties were unsustainable.
Note: It is a system-generated summary and is for quick reference only.