News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Service Tax »
 Submit these supporting documents to your employer to claim tax deductions
 Tax rate cut aimed at attracting investments: Finance Minister
 Periodic pension from defence sector is considered as salary and will be taxable
 Bring tax clarity to export of services
 Including home loan interest in cost of acquisition?
 Finance Minister Nirmala Sitharaman Introduces Bill To Cut Corporate Tax
 Interest on NRE accounts not always exempt from tax
 Offer income tax benefits on Senior Citizens Savings Scheme, urges SBI Research
 Paying your income tax may soon become as easy as swiping a card at a shop
 In income tax rule change, govt considers tweaking dividend distribution tax
 No documents are needed to file ITR for agricultural income below ?5 lakh

Gujarat HC notices to the FinMin and Service tax dept. about service tax
November, 26th 2010

The Gujarat High Court Thursday issued notices to the Union Finance Ministry and Service tax department following a petition seeking withdrawal of service tax on construction of residential, industrial and commercial properties.

A division bench comprising Chief Justice SJ Mukhopadhaya and Justice KM Thaker issued notice following a petition by V Square Projects Limited.

The company, through its counsel Saurabh Soparkar and Mahesh Bhavsar, contended in the petition that the service tax department has imposed service tax on transaction of immovable properties by the consumers from builders by making amendments in Finance Act, 1994.

They contended that imposition of service tax is unconstitutional on such transactions as it does not fall under the definition of service. They said it fell under category of sale hence service tax could not be levied upon it.

Further hearing of the case has been fixed for December 23.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting