"Service tax on construction services -Constitutional validity -Bombay High Cout” plus 2 more

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• Service tax on construction services -Constitutional validity -Bombay High Cout
• Introduction of options on USD-INR spot rate on currency derivatives
• Services provided by state governments under Centrally Sponsored Schemes (CSS)

Service tax on construction services -Constitutional validity -Bombay High Cout Posted: 31 Jul 2010 08:25 PM PDT summary Amendment made vide Finance Act 2010 in relation to construction of complex service Construction of a complex intended for sale by the builder before, during or after construction is deemed to be a service provided by the builder to the buyer; No service tax is leviable if entire payment for the property is paid by the buyer after completion of the construction including certification by the local authorities; Thus service tax has been levied on any commercial or industrial... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Introduction of options on USD-INR spot rate on currency derivatives Posted: 31 Jul 2010 08:16 PM PDT Options on USD-INR Spot Rate Circular No. DNPD/5/2010, dated 30-7-2010 1. This is in continuation of SEBI Circular No. SEBI/DNPD/Cir- 38 /200 dated August 06, 2008 regarding Exchange Traded Currency Derivatives. 2. It has now been decided to permit introduction of options on USD-INR spot rate on currency derivatives segment of Stock Exchanges. Eligible Stock Exchanges may do so after obtaining prior approval from SEBI. 3. The details in terms of product design and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Services provided by state governments under Centrally Sponsored Schemes (CSS) Posted: 31 Jul 2010 08:14 PM PDT Circular No.125/7/2010-ST, dated 30-7-2010 In the recent past, instances have come to the notice of the Board, where field formations have demanded service tax from State governments or their departments/ agencies, for providing certain services under the centrally sponsored schemes (CSS). To cite an illustration, in the case of the centrally sponsored National Biogas and Manure Management Program operating under Ministry of New and Renewable Energy, State government agencies were involved... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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