https://www.taxtmi.com/article/detailed?id=5171 Service tax derives legal authority from Parliament's fiscal power and the Finance Act, 1994; prior reliance on the residuary Union entry supported its imposition. Constitutional amendments inserted a specific Union List entry for taxes on services and a new Article establishing that taxes on services shall be levied by the Government of India and that proceeds shall be collected and appropriated by the Centre and the States in accordance with principles to be prescribed by Parliament by law. en-us Wed, 26 Jun 2013 19:01:14 +0530 Thu, 27 Feb 2014 16:43:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5171 Service tax derives legal authority from Parliament's fiscal power and the Finance Act, 1994; prior reliance on the residuary Union entry supported its imposition. Constitutional amendments inserted a specific Union List entry for taxes on services and a new Article establishing that taxes on services shall be levied by the Government of India and that proceeds shall be collected and appropriated by the Centre and the States in accordance with principles to be prescribed by Parliament by law. Articles Service Tax Wed, 26 Jun 2013 19:01:14 +0530 https://www.taxtmi.com/article/detailed?id=5171