Mark-to-Market losses on principal-protected debentures are deductible as business expenditure when the obligation is crystallized under mercantile ac...
Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
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Entities registered as societies were treated as governmental authorities because they were established and wholly controlled by the Haryana Government to perform citizen-facing statutory functions through e-governance, and the amounts collected were statutory fees rather than commercial consideration. On that basis, services relating to municipal functions under Notification No. 25/2012-ST were exempt, so the service tax demand on merits failed. The Tribunal also found no suppression or intent to evade tax: the dispute was interpretational, the activities were in the public domain, and the entities acted under bona fide belief. The extended period and consequential penalties under Sections 77 and 78 were therefore unsustainable.
Entities registered as societies were treated as governmental authorities because they were established and wholly controlled by the Haryana Government to perform citizen-facing statutory functions through e-governance, and the amounts collected were statutory fees rather than commercial consideration. On that basis, services relating to municipal functions under Notification No. 25/2012-ST were exempt, so the service tax demand on merits failed. The Tribunal also found no suppression or intent to evade tax: the dispute was interpretational, the activities were in the public domain, and the entities acted under bona fide belief. The extended period and consequential penalties under Sections 77 and 78 were therefore unsustainable.
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