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
Latest Expert Exchange
« Customs and Excise »
 Central Board of Excise and Customs to be renamed CBIC by April
 Central Board Of Excise & Customs New Delhi GST Flyers
 Hike in customs duty on electronics likely to boost revenue collection
 Customs duty raised on electronic goods
 Ministry Of Finance (Central Board Of Direct Taxes) Notification
 Refund of IGST paid on export of goods under rule 96 of CGST Rules,2017
 Customs And Central Excise Drawback – Part II
 Customs Valuation (Determination of Value of Imported Goods) Rules 2007
 Amendment to Customs Valuation Rules – Notification No. 91/2017 (NT)
 GST on Custom House Agents
 The Customs and Central Excise Duties Drawback Rules, 2017 and All Industry Rates (AIRs) of Drawback related changes

Excise and Customs to move SC for service tax
May, 28th 2009
The Central Board of Excise and Customs (CBEC) is planning to go for appeal before the Supreme Court after the Delhi High Court struck down the imposition of service tax on commercial property rent. The CBEC claims that the process of letting out a property for commercial purposes counts as a service rendered and there should be a levy of service tax on the rent. We have decided to appeal to the Supreme Court as the department maintains that letting out of property for commercial purposes entails a service, CBEC chairman PC Jha told The Indian Express. Last month, the Delhi High Court had ordered the withdrawal of service tax on commercial property rent with retrospective effect from the day the tax was levied all across the country. The Court had ruled that mere renting of commercial space does not constitute a service.

The levy of Service Tax on rent with respect to an immovable commercial property has correctly been held by the Delhi High Court as unconstitutional. A tax on rent is akin to a tax on property which is impermissible, tax lawyer, Partner ZEUS Law Associates, Vivek Kohli said. Service tax, including Education Cess computed to about 12.35 per cent, was levied on commercial property rentals from June 1, 2007 till February 23, 2009. But the government cut the tax from 12 to 10 per cent in the interim budget.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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