Wednesday, May 16, 2012

SERVICE TAX LIABILITY CAN SHIFTED

The Supreme Court has held that an assessee of service tax can enter into a contract to shift the liability to another party in its judgement Rashtriya Ispat Nigam Ltd. v/s M/s Dewan Chand. Moreover, the court also held that it should not interfere in the arbitral award by substituting for that of the arbitrator if two views are possible.

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