Friday, 5 June 2015

Clarification regarding rate of service tax on restaurant service

CBEC has clarified and confirmed through circular (Circular no. 184/3/2015-ST dated 3rd June 2015) that w.e.f. 1st June, 2015 Service Tax in Restaurant Services will be 40% of 14% i.e. 5.6%. 

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GST Not Leviable on Transfer of Leasehold Rights of MIDC Plots: SC Dismisses Revenue’s SLP

  In a significant development, the Supreme Court has dismissed the Revenue’s Special Leave Petition (SLP) challenging a Bombay High Court (...