Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
Demand of service tax - Franchise service (reverse charge) - Revenue Sharing Agreement - Instead for every student enrolled in a course, Centennial College, Canada gets a specified amount as a share of the fees. - The tribunal held that the agreement between the appellant and Centennial College, Canada, was determined to be a typical revenue sharing model rather than a franchise service. Therefore, it did not fall within the ambit of taxable franchise services under the reverse charge mechanism.
Demand of service tax - Franchise service (reverse charge) - Revenue Sharing Agreement - Instead for every student enrolled in a course, Centennial College, Canada gets a specified amount as a share of the fees. - The tribunal held that the agreement between the appellant and Centennial College, Canada, was determined to be a typical revenue sharing model rather than a franchise service. Therefore, it did not fall within the ambit of taxable franchise services under the reverse charge mechanism.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
