Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
The CESTAT held that the agreements between the appellant (a builder/developer) and prospective buyers for construction of residential units are to be treated as works contracts, which were not taxable prior to 1.7.2010. Even if classified as "construction of complex" services, abatement would apply, making them composite works contracts. The demand of service tax is time-barred and not sustainable. The penalty on the appellant firm's partner u/s 78A is also not sustainable since the main demand is set aside. The appeal is allowed, setting aside the impugned order.
The CESTAT held that the agreements between the appellant (a builder/developer) and prospective buyers for construction of residential units are to be treated as works contracts, which were not taxable prior to 1.7.2010. Even if classified as "construction of complex" services, abatement would apply, making them composite works contracts. The demand of service tax is time-barred and not sustainable. The penalty on the appellant firm's partner u/s 78A is also not sustainable since the main demand is set aside. The appeal is allowed, setting aside the impugned order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
