Ker. HC Flags Lack of Guidelines for Functioning of Committee Considering Medical Negligence Cases  ||  Kerala HC: Bank Can’t Escape Liability if Negligently Cheque Encashed with Forged Signature  ||  Gau. HC: If Arbitrator Not Appointed within 30 Days, Right to Appoint Doesn’t Forfeit Automatically  ||  Bombay HC: Can’t Presume Misuse if Names of Dead Persons Continue to be in Voters List  ||  MP High Court Allows Production of Whatsapp Chat Obtained Without Consent as Evidence  ||  Kerala HC Issues Directions Banning Use of Single-Use Plastic in the State  ||  Calcutta HC Orders Interim Stay on Preparation of New OBC list by Government  ||  Calcutta HC Commutes Death Sentence of Convict who Committed Rape and Murder of 2.5 Year Old Child  ||  Meghalaya HC Suspends Judgment Passed by Trial Court in POCSO Case  ||  Bombay HC: Can’t Treat Amount of Subsidy Received by Assessee from RBI as ‘Interest’ under IT Act    

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 :        

Disclaimer | Copyright 2025 - All Rights Reserved