Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: VAT Audit :: form 3cd :: empanelment :: VAT RATES :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: TDS :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4%
 
 
Service Tax »
 Goods and Services Tax (Compensation to States) Amendment Act, 2017.
 Services sector need to brought under Section 72A of the Income-Tax Act
 Simplifying GST: Creating a Grand Simple Tax
 The way ahead for goods and services tax
 Goods & Service Tax (GST): Recent Clarifications
 Tax payers can see status of returns filed on GSTN portal
 Export And Import Of Goods Under GST
 The Finance Resolution And Deposit Insurance Bill, 2017
 Payment made in revenue sharing deal exempt from service tax
 India seen posting stronger growth as businesses adjust to new tax
 GST High Powered Committee On Return Filing - Representation by GST Research Foundation

HC stay on collection of service tax
January, 07th 2012

The Madras high court has restrained the central authorities from levying and collecting service tax from film distributors and exhibitors under the provisions of the Finance Act of 1994.

Justice M Jaichandren granted the interim injunction, on a writ petition filed by Mediaone Global Entertainment Limited, which has distribution rights for the Vikram-starrer 'Rajapattai', and Vijay's 'Nanban'.

The film distributor contended that already 10.3% of the distributor's share in the total theatre collections of 'Rajapattai' had been set apart and deposited in a separate account.

Noting that the distributor's agreement with Eros International, which produced the film was in the nature of profit-sharing, it said since the arrangement had no element of service the question of payment of service tax under the provisions of the Act did not arise at all.

Deducting 10.3% of the distributor's share of the collections, in addition to the 30% entertainment tax payable to the state government would had adverse impact on the finances of the distributor, it said.

Since film distribution is in a joint control over an economic activity to obtain profit or loss the venture is not a taxable service, petition said, adding that there is no value addition to the product too.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions