While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley said that the taxation is a major tool available to Government for removing poverty and inequality and

In a major changes for two public sectoral entities, the Government has decided to exempt service taxes for "regulatory services" provided by SEBI and IRDA. Reportedly, Besides, exemption would be extended to the services provided

The Government has notified the Finance Act, 2021. The government notified that Sections 2 to 88 shall come into force on 1 April 2021 and sections 108 to 123 shall come into force on such

The New Delhi bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the penalty under section 78 of the Finance Act 1994, was impossible as there was no evidence relating to evasion

The Finance Act, 2017 provided for merger of eight autonomous tribunals with other tribunals. The Act also gave the government the power to appoint and remove the members in another 17 such bodies. Part XVI

The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that the business of providing Stock Market related tips and advice not covered under taxable service of ‘Banking and other financial

The Hyderabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the service tax demand imposed on group life insurance schemes on the ground of benefit of closure defined under section 73(3)

Recently, information about certain offshore entities held by various Indian persons has appeared in media. Such information is attributed to be part of ‘Panama Papers’ leaks. The International Consortium of Investigative Journalists (ICIJ), a Washington

The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal quashed the penalty imposed under the Finance Act, 1994 as the litigation was bona fide regarding the nature of the activity of the

The Allahabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld the penalty imposed under section 77 of the Finance Act,1994 for failure to take registration in accordance with section 69 of

The Mumbai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that no service tax is chargeable on services provided and consumed in foreign countries under section 64 of the Finance Act,1994. 

The Central Board of Indirect Taxes and Customs (CBIC) notified the sections 108, 109 and 113 to 122 of Finance Act, 2021 to be effective from 1 January, 2022. “In exercise of the powers conferred

In a major relief to  FCI OEN Connectors, the Banglore Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that limitation not applicable to refund of customs duty paid in excess. The appellant

This weekly summary roundup covers stories related to the Goods and Services Tax, Authority for Advance Ruling (AAR), and Appellate Authority for Advance Ruling (AAAR) that have been published at Taxscan.in. during the period from

The New Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) directed re-computation of the penalty which was imposed on the assessee for non-payment of service tax before the period of 08.04.2011