Govt. notifies effective date for Amendments to Industrial Development Bank (Transfer of Understanding And Repeal) Act, 2003 [Read Notification]
The Government notified April 1, 2021 as an effective date for Amendments to Industrial Development Bank (Transfer of Understanding And Repeal) Act,...
![CESTAT quashes Service Tax demand wrongly confirmed under Banking and Financial Services when service rendered was under Construction of Complexes [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/CESTAT-Service-Tax-demand-service-tax-Banking-and-Financial-Services-Construction-of-Complexes-Taxscan.jpeg "CESTAT quashes Service Tax demand wrongly confirmed under Banking and Financial Services when service rendered was under Construction of Complexes [Read Order]")
![Works Contract Service a separate species of Contract, can’t be equated with a Contract for Sale of Goods or Contract for Supply of Services: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Works-contract-service-contract-for-sale-of-goods-contract-for-supply-of-services-CESTAT-Taxscan.jpeg "Works Contract Service a separate species of Contract, can’t be equated with a Contract for Sale of Goods or Contract for Supply of Services: CESTAT [Read Order]")
![Levy of Interest u/s 234E has no Retrospective Effect: ITAT deletes Proceedings[Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Levy-of-Interest-Retrospective-Effect-ITAT-deletes-Proceedings-Taxscan.jpg "Levy of Interest u/s 234E has no Retrospective Effect: ITAT deletes Proceedings[Read Order]")
Punjab and Haryana HC directs Tax department not to take coercive action against Pyramid Infratech [Read Order]
The Punjab and Haryana High Court directed the Tax Department that no coercive action must be taken against Pyramid Infratech. Mr. Anuj Dewan, counsel for the petitioner urged that the ground on...
![Punjab and Haryana HC directs Tax department not to take coercive action against Pyramid Infratech [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Punjab-and-Haryana-High-Court-tax-department-coercive-action-Pyramid-Infratech-Taxscan.jpeg "Punjab and Haryana HC directs Tax department not to take coercive action against Pyramid Infratech [Read Order]")
Interest on Loan not Taxable in absence of mechanism for bifurcation of Service prior to March 2006: Bombay High Court [Read Order]
The Bombay High Court held that interest on the loan is not taxable in absence of a mechanism for bifurcation of service prior to March 2006. The respondent, Shriram Transport Finance Company Ltd....
![Interest on Loan not Taxable in absence of mechanism for bifurcation of Service prior to March 2006: Bombay High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-on-loan-mechanism-for-bifurcation-of-service-Bombay-High-court-Taxscan.jpeg "Interest on Loan not Taxable in absence of mechanism for bifurcation of Service prior to March 2006: Bombay High Court [Read Order]")
![Service Tax Refund claim filed after expiry of Limitation can’t be entertained: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Service-Tax-Refund-claim-expiry-of-limitation-CESTAT-taxscan.jpg "Service Tax Refund claim filed after expiry of Limitation can’t be entertained: CESTAT [Read Order]")
IDS Scheme, 2016: Budget 2021 proposes Refund of Excess Payment to be sanctioned but No Interest [Read Finance Bill]
The Finance Minister, Nirmala Sitharaman while announcing the Budget 2021-22 has proposed the refund of excess payment to be sanctioned but no interest under Income Declaration Scheme, 2016 (IDS). ...
CESTAT deletes Service Tax on Consignment Agency Services under 'Clearing and Forwarding Agent Service” allegedly rendered to Tata Steel Limited [Read Order]
The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), Kolkata Bench deleted the service tax on consignment agency services under “clearing and forwarding agent service” allegedly...
![CESTAT deletes Service Tax on Consignment Agency Services under Clearing and Forwarding Agent Service” allegedly rendered to Tata Steel Limited [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/CESTAT-service-tax-consignment-agency-services-GST-clearing-and-forwarding-agent-service-Tata-Steel-Limited-Taxscan.jpg "CESTAT deletes Service Tax on Consignment Agency Services under Clearing and Forwarding Agent Service” allegedly rendered to Tata Steel Limited [Read Order]")
No Service Tax applicable on Liquidated Damages, Forfeiture of Earnest Money Deposit and Penalty: CESTAT [Read Order]
The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), New Delhi Bench held that no o Service Tax is applicable on Liquidated damages, forfeiture of earnest money deposit and penalty. ...
![No Service Tax applicable on Liquidated Damages, Forfeiture of Earnest Money Deposit and Penalty: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Service-Tax-Liquidated-damages-forfeiture-earnest-money-deposit-penalty-CESTAT-Taxscan.jpg "No Service Tax applicable on Liquidated Damages, Forfeiture of Earnest Money Deposit and Penalty: CESTAT [Read Order]")
![9 Provisions of Finance Act, 2020 will be enforced from 1 Jan, 2021: CBIC [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/12/GST-9-Provisions-of-Finance-Act-CBIC-Taxscan.jpg "9 Provisions of Finance Act, 2020 will be enforced from 1 Jan, 2021: CBIC [Read Notification]")