Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: list of goods taxed at 4% :: articles on VAT and GST in India :: empanelment :: cpt :: VAT Audit :: due date for vat payment
« Service Tax »
 GST to enhance ease of doing business, says Assocham
 Govt sources say cess is a better option than high tax rate
 Goods and Services Tax: There should not be more than three grades of rates, says Chidambaram
 Chidambaram says there cannot be multiple tax slabs in GST
 Service tax officials transferred for favouring realtor
 GST, a challenge and opportunity for accounting professionals’
 Service Tax On Hotels And Restaurants – Recent Delhi High Court Judgment
 GST Council discusses 4-tier tax rate, cess on demerit goods
 Why you shouldn’t miss these three simple tax saving options beyond Section 80C
 Determination of value for transactions between the Related parties under GST Laws.
 Higher collections can offset GST losses

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 2016 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