21 09, 2016

GST Implementation – Government’s Perspective

By | 2017-04-06T10:48:56+00:00 September 21st, 2016|GST, GST Articles|

After the enactment of Constitutional (101st Amendment ) Act, 2016, the hope for advent of Goods and Service Tax (“GST”) in India is no distant dream.  GST Council has also been notified on September 15, 2016 and thus, the policy formulators have taken their positions as part of this Think-tank and shall be responsible [...]

19 09, 2016

Works Contract Services

By | 2017-04-06T20:04:43+00:00 September 19th, 2016|Service Wise Implications|

Important Definition Section 65B(54): "works contract" means a contract wherein transfer of property in goods involved in the execution of such contract is leviable to tax as sale of goods and such contract is for the purpose of carrying out construction, erection, commissioning, installation, completion, fitting out, repair, renovation, alteration of any [...]

19 09, 2016

Vocational Education Services

By | 2017-04-06T10:48:56+00:00 September 19th, 2016|Service Wise Implications|

Important Definition The term “Education” has not been defined in the Finance Act, 1994.  The other terms as are relevant from the perspective of the current sector have been defined in Section 65B of Finance Act 1994 are as follows: Sec 65B (11) "Approved Vocational Education Course" means,–– A course run by [...]

19 09, 2016

Technical Testing & Analysis Services

By | 2017-04-06T10:48:56+00:00 September 19th, 2016|Service Wise Implications|

Understanding of the service The essential requisite of the present taxable service are: Services are provided or to be provided to any person. Services are rendered by a technical testing and analysis agency. Technical testing and analysis must be of goods or immovable property and not in relation to human beings or animals. [...]