• Service Tax / By admin / No Comments / 1,144 Viewers

INTRODUCTION: In the case of introduction of every act, rules, circulars or notifications there must be an underlying purpose. This purpose is the basic object of introduction of the act, rules, circulars or notifications or any amendments to the statues.. If we are able to appreciate the object of the introduction or amendments, we shall

• Service Tax / By admin / No Comments / 597 Viewers

Service tax was introduced by the present Prime Minister in 1994 when he was the Finance Minister. The Lok Sabha passed the Finance Bill 1994 on 6th May 1994. The Finance bill 2012 was passed by the Lok Sabha on 8th May 2012. So the Service tax provisions have crossed the age of 18 on

• Service Tax / By admin / No Comments / 1,553 Viewers

There is a lot of difference the way in which penal provisions are invoked under the Income Tax Act and other indirect tax legislations. In the income tax the penalty is levied in a selective manner. But under the indirect tax provisions the penalty is levied even at the first stage. So one must know