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Chamber Research By The Judges Post Conclusion Of Hearing – Whether Justified?
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Packaged Tours and Place of Supply Provisions under GST
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June 2011

Circular No. 134/3/2011, dated 8-4-2011.

By Tarun Ghia
Brijesh Cholera
Pratik Mehta
Chartered Accountants

Reading Time 1 mins

By this Circular, it has been clarified that when whole of service tax is exempt, the same applies to education cess & secondary and higher education cess as well. Since education cess is levied and collected as percentage of service tax, when and wherever service tax is Nil by virtue of exemption, education cess would also be Nil.

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June 2011

Circular No. 134/3/2011, dated 8-4-2011.

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SAT directs Mutual Fund to compensate unitholders — for loss in NAV on account of changes to Scheme

Circular No. 136/5/2011, dated 20-4-2011.

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June 2011

Circular No. 134/3/2011, dated 8-4-2011.

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SAT directs Mutual Fund to compensate unitholders — for loss in NAV on account of changes to Scheme

Circular No. 136/5/2011, dated 20-4-2011.