Bombay HC: Courts Cannot Mandate Mediation under Mediation Act 2023 Without Mutual Consent || Kerala HC: Embassy NOC Not Required For Indian-Foreigner Marriage under Special Marriage Act || MP High Court: Penalty May Stand if Misconduct is Proven, Even if Inquiry is Vitiated || Bombay High Court: Lilavati Trust FIR Against HDFC Bank CEO Driven by Personal Vendetta || Supreme Court: Register Entry Not Required To Pursue Oppression/Mismanagement Claims || Supreme Court: Lifting Corporate Veil May Include Group Assets in Holding Company’s CIRP || Allahabad HC: MPs, Judges and Ministers May Use ‘Hon’ble’; Civil Servants are Not Entitled to it || Calcutta HC: Salary Withholding and Harassment Claims are Not Defamation Without Reputational Harm || Gauhati HC: Officer Resigning Without New Govt Appointment Cannot Claim Pension under Assam Service || MP HC: Attachment & Auction are Quasi-Judicial Duties of Tehsildar; Action Invalid Without Mala Fide

Tax on arbitral tribunal services to be borne by recipient- (Ministry of Finance ) (18 May 2016)

MANU/DSTX/0034/2016

Service Tax

Service tax liability for services provided by an arbitral tribunal shall be on the service recipient if it’s a business entity.

The Department clarified that services provided, or agreed to be provided, to a business entity with a turnover exceeding Rs. 10 lakh are taxable under the reverse charge mechanism.

It dismissed suggestions that service tax is such instances would be payable by individual arbitrators as a forward charge. It reiterated that liability to make good service tax is on the service recipient.

Tags : SERVICE TAX ARBITRAL TRIBUNAL RECIPIENT REVERSE CHARGE

Share :