Parliament has legislative competence to levy service tax under Acts, SC
Apr. 08, 2016
All India Federation of Tax Practitioners challenged HC decision of upholding legislative competence of Parliament to levy service tax vide Finance Act, 1994 & Finance Act, 1998. SC held, Parliament has legislative competence to levy service tax by way of impugned Finance Acts of 1994 and 1998 under Entry 97 of List I on chartered accountants, cost accountants and architects. It is also fortified by Constitution (88th Amendment) Act, 2003.