tag:blogger.com,1999:blog-6685096796297650696.post7470528399047710788..comments2023-12-23T18:42:30.780+05:30Comments on Practical Academic: Arbitration is a Service and Parties- Bleed More! Bear Service Tax!Badrinath Srinivasanhttp://www.blogger.com/profile/11123853000962107353noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6685096796297650696.post-58432905539736714392011-05-31T18:06:28.088+05:302011-05-31T18:06:28.088+05:30Bedavyasa, many thanks for the comments. Two point...Bedavyasa, many thanks for the comments. Two points to be noted: (1) The imposition of tax is not on the award but in respect of amount received for services provided. This means that any payment made such as reading fees, hearing fees etc by the parties to the tribunal would be taxable. The service need not result in an award.<br />(2) As an indirect tax, it is expected that the service receiver (i.e., the litigating business entities) would have to bear the burden of the tax ultimately. <br />Considering that arbitration has been regarded in India as a costly way to resolve disputes, service tax adds to the burden.Badrinath Srinivasanhttps://www.blogger.com/profile/11123853000962107353noreply@blogger.comtag:blogger.com,1999:blog-6685096796297650696.post-90491331646560429882011-05-31T17:48:20.823+05:302011-05-31T17:48:20.823+05:30Pardon my ignorance sir, but does the bill imply t...Pardon my ignorance sir, but does the bill imply to impose a service tax only on arbitral award to business entities and nothing else? (litigators etc.)Bedavyasahttps://www.blogger.com/profile/03339936600088370226noreply@blogger.com