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Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreA voluntary organisation established on 6th July 1949, BCAS has presently more than 9,000 members from all over the country. BCAS is a principle-centered and learning-oriented organisation promoting quality service and excellence in the profession of Chartered Accountancy.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
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Facts:
The amended section 65(95)(zzzz) of the Finance Act, 2010 defined taxable service as “any service provided or to be provided to any person, by any other person, by renting of immovable property”. This amendment is not clarificatory, but brings about a substantive liability of taxation upon the service providers. It was also contended that the service provider is liable to pay interest as well as penalty on default in payment of service tax for the past period.
Held:
The Parliament’s right to legislate or create liability of service tax with retrospective effect can be curtailed by a restriction placed upon its legislative powers by one or other provision of the Constitution of India. Hence it was held that the service tax liability arises retrospectively.