SERVICE TAX ON RENTING OF COMMERCIAL PREMISES - UPHELD BY FOUR HIGH COURTS WITH RETROSPECTIVE EFFECT. RETROPSEECTIVE AMENDMENTS - VERY UNFORTUANTE BUT HAVE BECOME ORDER OF THE DAY AS GOVERNMENT SHIELDS MISTAKES BY SUCH AMENDMENTS.

SERVICE TAX ON RENTING OF COMMERCIAL PREMISES - UPHELD BY FOUR HIGH COURTS WITH RETROSPECTIVE EFFECT. RETROPSEECTIVE AMENDMENTS - VERY UNFORTUANTE BUT HAVE BECOME ORDER OF THE DAY AS GOVERNMENT SHIELDS MISTAKES BY SUCH AMENDMENTS. https://www.taxtmi.com/article/detailed?id=1446 The larger bench upheld the Finance Act, 2010 amendments to Sections 65(105)(zzzz) and 66 as constitutionally valid, finding that letting commercial premises for business constitutes value addition and that the Central Government may levy service tax on such renting; the retrospective amendment was sustained, liabilities for landlords operate from the amended commencement, writ petitions dismissed, and the government may consider waiver or exemption of penalties for non-payment. en-us Thu, 29 Sep 2011 00:21:31 +0530 Thu, 29 Sep 2011 00:36:48 +0530 TaxTMI RSS Generator SERVICE TAX ON RENTING OF COMMERCIAL PREMISES - UPHELD BY FOUR HIGH COURTS WITH RETROSPECTIVE EFFECT. RETROPSEECTIVE AMENDMENTS - VERY UNFORTUANTE BUT HAVE BECOME ORDER OF THE DAY AS GOVERNMENT SHIELDS MISTAKES BY SUCH AMENDMENTS. https://www.taxtmi.com/article/detailed?id=1446 The larger bench upheld the Finance Act, 2010 amendments to Sections 65(105)(zzzz) and 66 as constitutionally valid, finding that letting commercial premises for business constitutes value addition and that the Central Government may levy service tax on such renting; the retrospective amendment was sustained, liabilities for landlords operate from the amended commencement, writ petitions dismissed, and the government may consider waiver or exemption of penalties for non-payment. Articles Service Tax Thu, 29 Sep 2011 00:21:31 +0530 https://www.taxtmi.com/article/detailed?id=1446