P&H HC: Eyewitness Account Not Credible if Eyewitness Directly Identifies Accused in Court || Delhi HC: Conditions u/s 45 PMLA Have to Give Way to Article 21 When Accused Incarcerated for Long || Delhi High Court: Delhi Police to Add Grounds of Arrest in Arrest Memo || Kerala High Court: Giving Seniority on the Basis of Rules is a Policy Decision || Del. HC: Where Arbitrator has Taken Plausible View, Court Cannot Interfere u/s 34 of A&C Act || Ker. HC: No Question of Estoppel Against Party Where Error is Committed by Court Itself || Supreme Court: Revenue Entries are Admissible as Evidence of Possession || SC: Mere Breakup of Relationship Between Consenting Couple Can’t Result in Criminal Proceedings || SC: Bar u/s 195 CrPC Not Attracted Where Proceedings Initiated Pursuant to Judicial Order || NTF Gives Comprehensive Suggestions on Enhancing Better Working Conditions of Medical Professions

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 :