Duty structure on oil will undergo changes, given the high prices and the significant quantities of imports.
This article examines certain other service tax related issues which need to be addressed as well as the possible extension of the service tax to certain new services.
It appears that things will crystallise on several aspects of the GST only by end 2008. This means that the country will only have a period of 15 months, from beginning 2009 to March 2010, to ensure that all the constitutional policy and legislative changes take place. It does seem increasingly a big challenge, says S Madhavan.
The Tax Tribunal has held that canteen/ catering services provided by a company to its employees are not eligible as 'input services' under the law.
Finance Act, 2007, has, with effect from June 1, brought seven new services in the service tax net
Technical know-how means a body of accumulated knowledge and experience in any technical field for doing or executing a particular activity.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances