16 06, 2016

GST Knowledge Series 1 – What to Tax?

By | 2017-04-06T10:49:06+00:00 June 16th, 2016|GST, GST Articles|

Everyone is eager to hear the onset of Goods and Service Tax (“GST”) in India.  The proposed GST likely to be introduced by 2017, would replace a number of indirect taxes levied by the Centre and State governments on goods and services.  It intends to replace the numerous laws as are prevailing on supply [...]

14 06, 2016

Applicability of ST on ESOP

By | 2017-04-06T10:49:06+00:00 June 14th, 2016|Service Tax, Service Tax Articles|

Employee Stock Option Plan (“ESOP”) taxation has always been a topic of debate and demand in Income Tax.  However, with the incept of Negative list under Service Tax, certain aspects of this subject requires examination from the perspective of their eligibility under Service Tax. Before we discuss the exigibility under Service Tax, we need to [...]

14 06, 2016

Cross Border Transaction and Service Tax

By | 2017-04-06T10:49:06+00:00 June 14th, 2016|Service Tax, Service Tax Articles|

Service Tax is a value added consumption tax which means that every service shall attract Service Tax each time service is supplied or imported along the commercial chain to its final consumption in India. The destination principle means that Service Tax shall be levied in the country in which services are finally consumed.  Thus, when [...]

14 06, 2016

Budget 2014 – Service Tax Provision

By | 2017-04-06T10:49:06+00:00 June 14th, 2016|Service Tax, Service Tax Articles|

Clause by Clause analysis of Service Tax provisions in Finance (No.2) Bill, 2014 Budget 2014 seems to be a mix bag for meeting multiple objectives.  The budget aims to serve rectification which cannot be undone, planning for “achhe din” in long term, in short term a budget of introduction of remedial measures by stroke of [...]