Page 129 - DCOM308_DCOM502_INDIRECT_TAX_LAWS

Indirect Tax Laws

Notes the years for this purpose, are clear manifestations of the above approach. Following are
some of the measures adopted in that direction:

 Section 73D provides for publishing the name of any person and any other particulars
relating to any proceedings under the provisions of Chapter V of the Finance Act, 1994, in
relation to such person, in public interest, in such manner as may be prescribed.

7.8 Keywords

Service tax: it is an indirect tax levied under the Finance Act, 1994, as amended from time to time,
on specified services. At present, there are approximately 96 categories (including 15 new services
introduced by Budget 2006) of services taxable under the service tax net.
Self Assessment u/s 140A: This simply means that the person is calculating his own tax liability
and thereafter filing ITR after payment of self-calculated tax.
7.9 Review Questions

1 Define service tax.
2 Discuss the normal procedure of taxation.
3 Elaborate Assessment Procedure of Service Tax in India.
4 Explain the legal provisions of taxation.

5 Discuss the non-recovery of Service Tax in certain situations.

Answers: Self Assessment

1. Finance 2. Taxation
3. 1997 4. Provision
5. Decision 6. 73D

7. Levied 8. Service tax
9. Central excise 10. government

7.10 Further Readings

Books Ahuja, Dr. Girish and Gupta, Dr. Ravi, Direct Taxes Law & Practice including Tax
Planning, 18th Edition 2008-09, Bharat Law House Pvt. Ltd.

Chanchal Kr Nag, Direct & Indirect Tax Laws & Practice, NCB Agency
Singhania, Dr. Vinod K. and Singhania, Dr. Kapil, Direct Taxes Law & Practice with
Special Reference to Tax Planning, 41st, Edition 2009-10, Taxman’s.

VS Datey, Indirect Tax Laws, CHH India
Yogendra Bangar Vandana, Direct & Indirect Taxes Planning & Management, Aadhya
Prakashan

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