Menu

  • Home
  • Trending

CATEGORIES

  • Stock Market & Trading
  • Banking & Finance
  • Business & Startups
  • Cooking & Food
  • Education
  • Fashion & Lifestyle
  • Freelancing
  • Health & Fitness
  • Hobbies
  • Learn & Earn
  • Learners Hub
  • Movie
  • Music
  • News
  • Personal Development
  • Real Estate
  • Religion
  • Social Media
  • Technology
  • Travel & Tourism

Subscriptions

  • admin

Recent News

  • Cactus Venture Partners funding: Cactus Venture Partners raises Rs 350 crore in funding
  • russia: Oil prices ease as Russia output increases
  • RBI calls for consultations on payment system charges
  • Home
  • Browse
    • Personal Development
    • Fashion & Lifestyle
    • Health & Fitness
    • Cooking & Food
    • Stock Market & Trading
    • Business & Startups
    • Technology
    • Travel & Tourism
    • Business
    • Freelancing
    • Learners Hub
  • Refer & Earn
  • Blogs
No Result
View All Result
  • Login
No Result
View All Result
  • Feedback/Suggestions
  • About Us
  • Contact Us
Home News Nation Wants to Know

In a first, SC uses desi unit ‘arab’ for 100 crore | India News

admin by admin
August 6, 2022
in Nation Wants to Know, National News, News
0 0
0
In a first, SC uses desi unit ‘arab’ for 100 crore | India News
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

NEW DELHI: Giving a healing touch to the company reeling from huge service tax demand from authorities on sale of ‘Quick Heal’ antivirus software, the Supreme Court on Friday ruled that the software is not interactive and hence service tax cannot be levied on its use.
In the ruling, a bench of Justices AS Oka and JB Pardiwala created a first for the SC by resorting to Hindustani counting system and used ‘arab’ instead of hundred crores. Writing the judgment, Justice Pardiwala referred to Rs 5,30,94,66,783 as “Rs five arab thirty crore ninety-four lakh sixty-six thousand seven hundred and eighty-three”.
The Quick Heal Technologies, engaged in the development of ‘Quick Heal’ brand antivirus software, which is supplied along with the licence code/product code either online or on replicated CDs/DVDs to end-customers in India, was asked by central tax authorities to pay a service tax of Rs 62.73 crore. The Customs, Excise and Service Tax Appellate Tribunal quashed the levy.
Rejecting the appeal of Commissioner of Service Tax, New Delhi, the bench said, “Once a lump sum has been charged for the sale of CD and sale tax has been paid thereon, the revenue thereafter cannot levy service tax on the entire sale consideration once again on the ground that the updates are being provided.”
“The artificial segregation of the transaction, as in the case on hand, into two parts is not tenable in law. It is, in substance, one transaction of sale of software and once it is accepted that the software put in the CD is ‘goods’, there cannot be any separate service element in the transaction,” it said.

FOLLOW US ON SOCIAL MEDIA

FacebookTwitterInstagramKOO APPYOUTUBE





Source link

Tags: ArabcroredesiIndiaNewsUnit

Latest News

  • Trending
  • Comments
  • Latest
Cryptocurrencies With Incredibly High Market Caps

Iravin Nizhal Box Office Collection Day 3 Worldwide & Budget

July 17, 2022
Realme Notebook Air With 4.9mm Wide Bezels to Launch on July 12; Colour Options Tipped

Realme Notebook Air With 4.9mm Wide Bezels to Launch on July 12; Colour Options Tipped

July 7, 2022
Bangladesh Opening Batter Tamim Iqbal Announces Retirement From T20Is

Bangladesh Opening Batter Tamim Iqbal Announces Retirement From T20Is

July 17, 2022
Cryptocurrencies With Incredibly High Market Caps

SoFi Technologies files for $1B mixed shelf offering

July 16, 2022
Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry

Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry

0
Crypto Market Loses $60 Billion As Bitcoin Dips Below $20,000

Crypto Market Loses $60 Billion As Bitcoin Dips Below $20,000

0
Bitcoin Sees Worst Quarter In 11 Years

Bitcoin Sees Worst Quarter In 11 Years

0
Ethereum (ETH) Bends Toward $1,000 As Doubt Fills Crypto Markets

Ethereum (ETH) Bends Toward $1,000 As Doubt Fills Crypto Markets

0
Cactus Venture Partners funding: Cactus Venture Partners raises Rs 350 crore in funding

Cactus Venture Partners funding: Cactus Venture Partners raises Rs 350 crore in funding

August 18, 2022
Cryptocurrencies With Incredibly High Market Caps

russia: Oil prices ease as Russia output increases

August 18, 2022
Cryptocurrencies With Incredibly High Market Caps

RBI calls for consultations on payment system charges

August 18, 2022
Cryptocurrencies With Incredibly High Market Caps

India to be part of Russia drills with us: China | India News

August 18, 2022
Moneyhaat News

Money Haat

You finally have someone to confide in about money. Get financial clarity as we uncover your values, spot barriers, and set achievable goals.

  • Feedback/Suggestions
  • About Us
  • Contact Us

© 2022 Money Haat - Designed By JSD Solutions.

No Result
View All Result
  • Home
  • Browse
    • Personal Development
    • Fashion & Lifestyle
    • Health & Fitness
    • Cooking & Food
    • Stock Market & Trading
    • Business & Startups
    • Technology
    • Travel & Tourism
    • Business
    • Freelancing
    • Learners Hub
  • Refer & Earn
  • Blogs

© 2022 Money Haat - Designed By JSD Solutions.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?