Chennai:
Hailed as a one stop source for all law provisions pertaining to Service Tax, a book written by senior serving officers was launched by legal luminaries here.
The book Service Tax -- Law and Procedure, authored by tax expert M S Kannan and director (cost) Central Excise Department, was launched by judge of Madras High Court T S Sivagnanam and advocate C Natrajan.
Service tax, categorised under indirect tax and came into existence under the Finanace Act of 1994, is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers.
Speaking on the occasion, Sivagnanam said that the book is a boon to service tax practitioners and caters to the requirements of all stakeholders.
He said all the relevant circulars pertaining to service tax are neatly placed in order besides the langage is plain and simple without any jargons. He said the book is useful to management gurus.
He said the book is an up-to-date one stop source for all the law provisions, notifications, circulars, clarifications, important case laws with Relevant and topical com-mentaries on Service Tax.
The book is extremely useful not only to those who currently deal with Service Tax but also to those who have pending litigations based on legal provisions prior to 2012.
The arrangement of subject in the book is sequential as per the Finance Act of 1994, which is the basis of service tax levy.
C Natrajan said that the book stuck to the sequence of the sections in Finance Act. He said the book pertains to 119 services and the categorisation of services is innovative. "It is a wonderful reference book," he added.
Hailed as a one stop source for all law provisions pertaining to Service Tax, a book written by senior serving officers was launched by legal luminaries here.
The book Service Tax -- Law and Procedure, authored by tax expert M S Kannan and director (cost) Central Excise Department, was launched by judge of Madras High Court T S Sivagnanam and advocate C Natrajan.
Service tax, categorised under indirect tax and came into existence under the Finanace Act of 1994, is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers.
Speaking on the occasion, Sivagnanam said that the book is a boon to service tax practitioners and caters to the requirements of all stakeholders.
He said all the relevant circulars pertaining to service tax are neatly placed in order besides the langage is plain and simple without any jargons. He said the book is useful to management gurus.
He said the book is an up-to-date one stop source for all the law provisions, notifications, circulars, clarifications, important case laws with Relevant and topical com-mentaries on Service Tax.
The book is extremely useful not only to those who currently deal with Service Tax but also to those who have pending litigations based on legal provisions prior to 2012.
The arrangement of subject in the book is sequential as per the Finance Act of 1994, which is the basis of service tax levy.
C Natrajan said that the book stuck to the sequence of the sections in Finance Act. He said the book pertains to 119 services and the categorisation of services is innovative. "It is a wonderful reference book," he added.
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