The Service Tax has been levied through the Finance Act, 1994 and Service Tax Rules, 1994.Currently, the rate of service tax is 15%.
Taxability on Educational Institutes under service tax
Goods Transport Agency (GTA) means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called.
One of the major revenue earned by the bankers is in the form of interest which is outside the purview of service tax as the same is covered in the negative list.
With the Introduction of Negative List Regime in the year 2012, all services becomes taxable except the services which are covered in Negative List or which are exempted by government through issue of any exemption notification.
Discussion on definition and taxability of Aggregator service
There has been a major amendment in the Tour Operator Service sector through Notification No. 04/2017 dtd. 12.01.2017 which came into force on 22.01.2017.
Service tax liability on liquor license fee paid to state governments
Note on changes made via Notification 01 to 04, 2017
Changes in service tax
Pre-Budget Amendment in Service Tax
Service tax chargeable on constructed area provided by developers to land owners in lieu of development rights
Dear Professional Colleague,Service tax burden can be passed on by contractual agreement but revenue cannot be asked to wait for recovery of tax duesDelhi Trans
This article provides the detailed analysis on all such notifications issued by the CG and circular issued in this regard by CBEC
Online information and database access or retrieval (OIDAR) services provided by person located outside India brought under service tax ambit
Withdrawal of Service tax exemption on cross border B2C online information and database access or retrieval services w.e.f December 1, 2016
POT Rule - (7) , When Point of Taxation attracts in case of reverse charge.
Service Tax Implications on Softwares
Service-based businesses in India with a turnover of over Rs. 9 lakh in a financial year must have a service tax registration.
The value of service portion in the execution of the works contract shall be equivalent to the gross amount charged for the works contract less value of property in goods transferred in the execution of the said works contract.
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