Expenses for overseas film shooting treated as services availed outside India, so no reverse charge service tax liability; cenvat reversals and penalt...
Electricity consumptionbased clandestine production estimates under the repealed Central Excise Act found insufficient; demand quashed and appeals all...
Expenses incurred abroad for location selection and shooting are...
Expenses for overseas film shooting treated as services availed outside India, so no reverse charge service tax liability; cenvat reversals and penalties set aside
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Expenses incurred abroad for location selection and shooting are treated as services provided and availed outside India under Place of Provision rules; consequently no service tax under reverse charge is payable, and the related demand is set aside. Short reversal of cenvat credit on common input services must be computed on the value of services provided during the financial year per Rule 6(3A); the appellant's pro rata reversal is held correct and the demand is set aside. Cenvat credit on subcontracted digital cinema services and on capital goods (projectors) used for both taxable and exempt supplies is allowed. Penalties under the Finance Act are set aside for lack of fraud or willful suppression.
Expenses incurred abroad for location selection and shooting are treated as services provided and availed outside India under Place of Provision rules; consequently no service tax under reverse charge is payable, and the related demand is set aside. Short reversal of cenvat credit on common input services must be computed on the value of services provided during the financial year per Rule 6(3A); the appellant's pro rata reversal is held correct and the demand is set aside. Cenvat credit on subcontracted digital cinema services and on capital goods (projectors) used for both taxable and exempt supplies is allowed. Penalties under the Finance Act are set aside for lack of fraud or willful suppression.
Note: It is a system-generated summary and is for quick reference only.