interest rate on late payment of service tax

News

GST Act, Rules and Analysis


GST Act CGST Act IGST Act UTGST Act GST Compensation to the States Act NewGST Rules Composition Rules Valuation Rules Transition Rules Input Tax Credit Rules Revised Invoice Rules Revised Payment Rules Revised Refund Rules Revised Registration Rules Revised Return Rules Draft GST Rules Accounts and

Group constituted to do a SWOT analysis for the Profession and Institute


Swot analysis for the profession and Institute actionables thereon and in process also identify and analyze the strategic alliances ALL MEMBERS OF THE COUNCIL Madam Dear Sir While the Indian Chartered Accountancy profession commands a ubiquitous position leveraging its inherent strength in Accountin

PAN details of CAs to avoid blocking of e-filing account by the IT Dept


I Members who have not shared their PAN with ICAI It has been informed by the Income Tax Department that the e Filing account of the members who have not provided their PAN details to the Institute but are using e filing account with Income Tax Department will be blocked by the Income Tax Authoritie

CBEC releases draft GST rules on Assessment and Audit , eWay Bill


CHAPTER ASSESSMENT AND AUDIT 1 Provisional Assessment 1 Every registered person requesting for payment of tax on a provisional basis in accordance with the provisions of sub section 1 of section 60 shall furnish an application in FORM GST ASMT 01 along with the documents in support of his request el

Unique pin code allotted to CPC Bangalore for submission of ITR V


A unique PINCODE 560500 has been allotted to Centralized Processing Centre CPC Income Tax Department located in Bengaluru by the Department of Post Taxpayers can henceforth address their mails to Centralized Processing Center Income Tax Department Bengaluru 560500 for the purpose of submission of IT

More News



Experts Opinions

Revision of income tax retun


Hello My client had filed ITR 1 showing the salaried income and income from other sources Now he comes up and says that he has capital gains income too for the AY 2014 15 AY 2015 16 AY 2016 17 which was not included in income tax return What can be done in this case

Service tax under oraginal work contract


Dear sir is service tax applicable liable to pay on advance payment received from service receiver under work contract services for the fy 2015 16 Service provider is Non Body corporate Service Receiver is Body corporate RCM Applicable For example we have receipts as advance of Rs 20 lakhs from serv

Service tax on advertising agency


21 04 6 35 p m B VINAY REDDY To give advertisement in news paper client approached some consultancy services 21 04 6 36 p m B VINAY REDDY They charged service tax on one invoice relating to adv on eenadu paper they didn t charged service tax on another invoice relating to adv in Namasthe telangana B

Service tax on commissioning charges


Dear Sirs Please confirm me whether service tax is applicable on machine commissioning charges if charged in sale invoice

Credit note in service tax return


Hello We have raised the invoice on a customer in Dec 2016 but due to some reasons our team has decided to raised credit note on a customer in March 2016 But the service tax on invoice raised in Dec has already been paid by us So could anyone please let me know where to show this credit note Service

Discussion

Income Tax Refund Claim upto last 6 years ****

An Assessee Can only file return for last 2 years and claim refund if any due and not beyond that In case he missed to file return within prescribed timeline he has no choice other than to forget his refund claim Income Tax Department in Latest circular No 9 2015 has guided on how an assessee who ha

Service tax on online ticket booking charges for theatre

A cinema theatre books online ticket for the films exhibited in its theatre thro outside party who charges service fees and service tax apart from ticket rate from the customer He pays part of the service fees to the theatre owner for allowing him to book ticket thro his portal The theatre also inde

Service tax query

Dear member Is liabilty written off liable for service tax Do we need to pay serviceTax on such amount Kindly helpRegardsPreety

Service tax on advertising agency

21 04 6 35 p m B VINAY REDDY To give advertisement in news paper client approached some consultancy servicesThey charged service tax on one invoice relating to adv on eenadu paper they didnt charged service tax on another invoice relating to adv in Namasthe telangana Both invoices are raised on same

Work contract services

is service tax applicable liable to pay on advance payment received from service provider under work contract services for the fy 2015 16

More Messages






File Download


More Files

Articles

Taxability of personal use of asset by employee under GST


Extracts of relevant sections schedules are mentioned below Section 7 1 Supply includes a all forms of supply of goods or services or both such as sale transfer barter exchange license rental lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of


Is Input Service Distribution (ISD) mechanism redundant in GST?


The mechanism to distribute ISD credit read with clause 2 to Schedule I of CGST Act i e inter branch services allows the organisation to avoid the ISD and optimize the utilisation of input tax credit ITC Let us analyse how Let us first understand who is an input service distributor As per Section 2


Foreign Taxation


Withholding tax Introduction Nothing but TDS Withholding Tax is an obligation on the payer to withhold tax at the time of making payment under specified head such as rent commission salary professional services contract etc at the rates specified in tax regime The Withholding tax provisions are in t


Audit of taxable person as per CGST Bill


Like existing provision of law every taxable person shall self assess the tax in the Goods and Service Tax regime also The tax departments dont have direct control over supply of goods or services The departments through audit conduct verification of accounts returns and other records related to pro


TDS default on payment to Non Resident


DISALLOWANCE U S 40 a i of the Income Tax Act 1961 TDS DEFAULT ON PAYMENT OF ANY NATURE OTHER THAN SALARY TO A NON RESIDENT FOREIGN COMPANY In this article I am going to have a discussion on Section 40 a i of the Income Tax Act 1961 Which deals with disallowance of certain business expenditure in ca


More Articles


Updated on : 4/22/2017 12:05:14 AM


CCI online Coaching


KPMG



GSTSUTRA


CCI Jobs

×
close x
Download GST App    |    x