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SC says no restrictions on voluntary name banners along Kanwar route eateriesNew Capital gains regime: CBDT issues FAQsFM favours debt reduction but sans affecting economic growthMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBDGFT simplifies EPCG Scheme procedures to enhance Ease of Doing BusinessKargil Victory Day: PM warns Pak against practising terrorismMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBPM GatiShakti Group evaluates five key infrastructure projectsMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBLadakh's Budget has increased from Rs 1100 Cr to Rs 6000 Cr in last 5 yrsChina pumps in subsidies worth USD 41 bn into car sectorCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SCIndian Coast Guard rescues 14 Indian crew from stranded vessel near AlibaugObama endorses Kamala Harris for PresidentI-T- Demand notice issued mechanically merits being quashed, where passed in ignorance of assessment order giving clean chit to assessee: HCIndia discovers Lithium Resources in Mandya and Yadgiri districts of KarnatakaIndia's installed Nuclear Power Capacity to triple by 2031-32: MoSGoyal sets USD 50 bn target for footwear industry to achieve by 2030Indian-origin German citizen nabbed with 6 kg of cocaine at IGI AirportAI-based SearchGPT to compete with Google: OpenAIBiden to attend QUAD meeting to be held in New Delhi this year

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Service tax on senior advocates

The government's move to deny the senior advocates the ease of reverse charge and encumber them with registration, returns, & audit which is what the forward charge on them amounts to is incomprehensibly insensitive and would earn for the talented FM himself a legal stalwart the ire of all his peers and icons in the exalted rank. The tax revenue on legal services rendered to businesses is already secured to the government through the reverse tax remitted by the corporates taking the services of senior advocates and then why this sudden peeve against the senior advocates? The Modi Sarkar would do well not to earn the disaffection of the community of senior advocates who are influential opinion-makers. The PM could step in and advise the roll-back of this avoidable charge on the senior advocates as well as hold off the historically hated excise on gold jewellery. The Delhi Assembly has gone to the extent of passing a resolution against the excise. It is an instructive lesson in a tax system’s cultural acceptability that the Jewellers of India have not opposed the levies of State VAT on gold with the vehemence which they have consistently shown against the central excise over decades.

Dr. Ravindran Pranatharthy
Advocate

Ravindran Pranatharthy 06/04/2016

 

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