The Income Tax Appellate Tribunal of Delhi (Tribunal) in the case of Telenor ASA (taxpayer) confirmed that Service Order Forms (SOFs) for multiple service activities such as sourcing, marketing, IT-enabled services (ITeS), networks, are inter-connected projects and no single activity can result in performance of the services for the recipient. Accordingly, based on the consolidated […]
Digital currency exchanges in the United Kingdom will now be subjected to a 2% digital services tax. The U.K.’s tax agency has claimed that since digital currencies are not currencies or commodities, they are not exempt from the tax reserved for the giants such as Facebook and Google. The digital services tax was introduced in […]
By Mariya Paliwala – On November 30, 2021 1:16 pm In a major relief to Lenovo, the Banglore Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed Service Tax demand as inclusion of turnover of Manufacturing unit for quantification of amount for reversal of CENVAT Credit was appropriate. The respondent assessee, M/s. Lenovo […]
When stocks, real estate and other types of investments are sold for a profit — meaning they earned the owner income because they sold at a price higher than that at which they were bought — this unique. In the united states, federal and state governments need money to provide certain services and benefits that […]
CLARION, Pa. (EYT) – Clarion County Commissioners provided taxpayers with an early Christmas present as they passed a tentative budget for 2022 on the day before Thanksgiving that includes a reduction of one half mill of debt service tax. The nearly $23 million tentative budget maintains 20.5 Mills in real estate tax, coupled with the […]
26 November 2021 10:00 (UTC+04:00) 329 By Trend The changes that are planned to be made into the legislation “On non-cash payments” will not create an administrative burden on citizens in Azerbaijan, the State Tax Service under the Azerbaijani Ministry of Economy told Trend . The bill on changes to the Law “On Cashless Payments” is under […]
25th November 2021 Changes to IR35 legislation have implications for share fishermen paid via their own personal service company, explain the team at chartered accountant and business advisor Anderson Anderson & Brown LLP, which specialises in advising clients in the fishing industry Before April this year, being paid via your own personal service company (PSC) […]
The Dutch Tax Authority’s inspected people with a low income more for fraud with childcare allowance than those with a high income, Trouw and RTL Nieuws reported. An algorithm used between April 2013 and July 2020 assigned high risk scores to low-income recipients and spared people with high incomes the inspection. The machine learning algorithm […]
Proposed Amendment under the Finance Bill 2021 Clause 99 of the Bill seeks to amend section 7 (1) of the CGST with retrospective effect from July 1, 2017, by inserting a new sub-clause (aa). The amendment seeks to ensure levy of tax on activities or transaction involving supply of goods and services by any person, […]
Quest Engineers & Consultant Pvt. Ltd. Vs Commissioner, Central Goods & Service Tax and Central Excise (CESTAT Allahabad) Service tax not payable for providing consulting engineer services being related to exempt service of road construction In M/s Quest Engineers & Consultant Pvt. Ltd. v. Commissioner, Central Goods & Service Tax and Central Excise [Final Order […]