openPR Logo
Press release

Indian Court Allows Company to Shift Service Tax Liability

06-11-2012 07:28 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Nair & Co.

Indian Court Allows Company to Shift Service Tax Liability

Sunnyvale, CA - In a milestone verdict, the apex court of India held that an assessee of service tax may enter into a contract with another party to shift liability. This case involved Rashtriya Ispat Nigam Ltd and M/S Dewan Chand Ram Saran where the Supreme Court read out the verdict in favour of the former.

Background:
In an agreement, public sector steel manufacturer, Rashtriya Ispat Nigam Ltd involved goods transporter, M/S Dewan Chand Ram Saran as a contractor for transportation of goods. As per the clause of the agreement which says that the contractor has to pay all taxes, duties and other liabilities relating to the discharge of his obligations, the public sector undertaking (PSU) deducted service tax from the transporter’s bill.

Following the deduction, M/S Dewan Chand took the matter to the court. The Bombay high court gave the verdict in favour of M/S Dewan, and subsequently, the PSU challenged it in the Supreme Court.

Decision:
Overruling the High Court’s decision, the Apex Court held that there is no law that can thwart the PSU to get into an agreement with the transporter that shifts the service tax liability.

Please call/email for more details.
Get the latest press releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts.

About Nair & Co.
Nair & Co. provides you with your one touch outsourced finance, compliance, HR and legal department for your international operations. If you are expanding abroad for the first time, our turnkey solution will help you do so with minimal risk, stress and cost. We currently support more than 4000+ client operations in over 50 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP). Learn more at www.nair-co.com

Nair & Co.
1250 Oakmead Parkway, Suite 210
Sunnyvale, CA 94085, U.S.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Indian Court Allows Company to Shift Service Tax Liability here

News-ID: 224201 • Views:

More Releases for Court

Net Diatom wins in court after 2 years; Facebook to pay court fees
After an excruciating and nearly two year court battle with Facebook in San Mateo County Superior Court, the presiding judge Sarah P. B. has come to a ruling. On Friday April 15th 2022, Chief Executive Jeremy D Higgs waited patiently in Court Room J in representation of Net Diatom LP VS Facebook in California Superior Court. Higgs was sworn in and provided testimony under oath as well as provided exhibit to the
BLUELEDGE TACKLES COURT REPORTING SHORTAGE
[October 4, 2018] High quality, online education for the next generation of legal professionals. BlueLedge, a legal classroom, is a new Florida-based venture focused on online training for legal professionals. The company’s mission is to address the need for qualified and highly trained individuals within the legal support industry. The most pressing need for the legal industry is the requirement for “QUALITY” individuals to fill the increased
Colombo Court Hotel & Spa Colombo, Sri Lanka
An affordable, sustainably minded boutique hotel offering a quiet respite from the buzz of Sri Lanka's capital city, Colombo, within easy reach of sights, restaurants and shops." Location The hotel flanks Duplication Road, one of Colombo's main thoroughfares. Traffic noise is inevitable though many of the rooms are set back and away from the road. This location is fairly central and most of Colombo's sights – such as the National Museum, Gangaramaya
Global Court Shoes Market Research Report 2017
Report Hive Market Research Released a New Research Report of 108 pages on Title " Global Court Shoes Market Research Report 2017 "with detailed Analysis, Forecast and Strategies. In this report, the global Court Shoes market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented
MLJ Civil Court Manual
LexisNexis India, a leading global provider of content-enabled workflow solutions, launched ‘The MLJ Civil Court Manual, 14th edition’. The thoroughly revised and updated edition of this prestigious, authoritative and indispensable encyclopedia of central acts with important rules was released by the Honorable Mr. Justice V. Rama Subramanian, Judge, Madras High Court. The book covers case law updated till January 2011 and provides an exhaustive coverage of Supreme Court cases and
Job Openings Exist For Court Reporters
Fort Lauderdale, Fla.-Job placement is 100 percent for graduates of the country’s top court reporting schools, according to the National Court Reporting Association (NCRA). The U.S. Department of Labor predicts that court reporting jobs, which range from the courtroom to TV stations, will grow from 9 to 25 percent by 2016. Locally, instructor Debby Ross, CRI, FPI, of Sheridan Technical Center says training for court reporting careers at