Spectrum Trading and Indirect Taxation: A Perplexed Scenario

What is Spectrum Allocation – The word spectrum is used in reference to the use of frequency bands by telecom service providers to enable communication between wireless cellular communication devices. Communication in general, happens through radio frequencies where a device accepts a frequency it recognizes and processes it for the user. The telecom spectrum uses

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Transformation of Finance Act, 2016 & its interface in service tax

Changes in Service Tax The Finance Act,2016[1] has made significant changes in Service tax and such changes have mixed impact on the Taxpayers Amendment Pertains to Point of Taxation Rules, 2011[2], (“POTR”) W.e.f, 1st Mar,2016

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Tax Transparency

Increased tax transparency in inevitable. The momentum is building now for the public to know how much tax is being paid by the companies. They either need to disclose the same or face reputational

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User Test and Allowance Distribution

The paper would explore the evolution of ‘user test’ and allowance of depreciation under the Section 32 of the Income Tax Act, 1961. The legislative intention when the Act was passed in dealing with the connotations “used” and “ready to use” have been tried to be deciphered based on the judgements of High Courts and Read More

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SERVICE TAX VALUATION

 The article deals with the nature of service tax valuation, what is the meaning of the same, what all things are to be included and what are things are to be excluded while calculating the value at which service tax is to be paid, at the end while pointing out the loopholes in the process Read More

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CENTRAL EXCISE AND BRANDED GARMENTS

Excise duty is a tax which is attracted by the event of manufacture. It is levied only when such activity is a manufacture and is collected at the time of sale. Thus, it is applicable to readymade garments bearing a branded name on it. However, in case where articles are not bearing any branded name, Read More

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Levy of Service Tax on Educational Services

  Before we can talk about the question of taxability of educational services, it is important to know to know the nature of education, service and imposition of tax. Education is the bedrock of human civilization

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REFUND UNDER RULE 5 OF CCR 2004 as a MANUFACTURER

Manufacturing is a process which includes conversion of a product into another by processing and assembling. Any person who conducts any such activities is a manufacturer and hence would be liable to pay duty. There various different types of refunds like that in case of exports of services,

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Pecuniary Loss vs. Interest – under Central Excise and Service Tax provisions

  The article will be dealing with the rate at which interest rate is applicable under central excise and service tax regime in case of default.Further the principle of pecuniary loss would be discussed as to the current stance of judiciary on the said principle and how the principle has become an evident need in Read More

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