short notes on service tax


Direct Tax Collections grows 19.1 percent upto July 2017

The Direct Tax collections up to July 2017 in the Current Financial Year 2017 18 continue to register steady growth Direct Tax collection during the said period net of refunds stands at Rs 1 90 lakh crore which is 19 1 higher than the net collections for the corresponding period of last year This co

Extension of due date of GST returns

To be published in the Gazette of India Extraordinary Part II Section 3 Sub section i Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No 20 2017 Central Tax New Delhi 08th August 2017 G S R E In exercise of the powers conferred by the su

25 percent growth in number of Income Tax Returns filed

25 growth in number of Income Tax Returns filed in current fiscal Advance Tax Personal Income Tax collections up by 41 As a result of demonetization and Operation Clean Money there is a substantial increase in the number of Income Tax Returns ITRs filed The number of Returns filed as on 05 08 2017 s

Decisions taken on 20th GST council meeting

Decisions taken on Services at 20th GST Council Meeting on 5 August 2017 S No Description of service From To 1 Job work services in respect of the textiles and textile products includingMMF yarn garments made ups etc falling in Chapters 50 to 63 18 5 5 2 Services by way of printing of newspapers boo

Income tax offices to remain open till midnight today

In view of the difficulties faced by taxpayers the due date for filing of Income Tax Returns for F Y 2016 2017 i e Assessment Year A Y 2017 2018 was extended to 5th August 2017 for certain categories of taxpayers In order to facilitate manual filing of returns of aforesaid categories on 5th August 2

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Experts Opinions

As to why & how income tax jurisdiction has been changed.

Ay 2011 12 was the last assessment year wherein there was some sales transactions and accordingly income tax return was filed but from the Ay 2012 13 we have not filed the income tax returns just because of no sales no income from house or property no other income also Whether non filing of income t

Input tax credit on tally software purchase


Rs 750 limit in case of gta service is

Dear Sir Please confirm GTA exemption of less than Rs 750 part loat is applicable If we received a bill of rs 5000 in sum means sum of some bilty can we that exemption of the GTA limit in this case

Certificate of service

I have completed my articleship around 5 years back I have submitted the same certificate of service for Nov 2017 exams which was earlier used for May 2017 exams by over site mistake Now what should I do

Penalty on late filing of service tax

1 Is cenvat credit adjustable against Penalty on late filing of service tax 2 In case of Builder if in a particular return period no advances received but flat booking is cancelled then how will take the credit of service tax on cancelled flats and how will show this in form ST3


Cinema Hall - Entertainment Tax

How to pay the weekly SGST CGST entertainment tax collected from sale of tickets

clarification on hsn code nd tax rate on metal bangles

sir we r traders of Bangles made of aluminium base metal as our item is not classified gst

Gst Tax Slab Changed

Please any one tell me gst is applicable on Mrp or Discounted Rate For Exmple one Shoe having Mrp Rs 600 which fall into 18 gst but the seller give some discount and selled it on Rs 500 to the customer then what gst is applicable on it 5 or 18 Plz Reply

reverse tax credit

Plz help me with a doubt Whether we can take input tax credit of the tax paid on reverse charge of service received in july in july itself reverse tax is paid till 20th aug or we have to take its credit in august

sac code for business auxiliary services

please provide me the sac code for business auxiliary services

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  • Updated Details Collection Excel for GST Return GSTR-3B

    As everybody is aware the GST Returns for every month needs to be filed by 20th of subsequent month As the regular outward and inward annexures and return GSTR 3 are not yet made available for the months of July and August 2017 a summary return in Form GSTR 3B needs to be filed before 20th of next month An excel sheet for obtaining the details required to fill the GSTR 3B is prepared as the GSTR 3B needs to be prepared and submitted online only as offline utility is not provided yet Basic features of the excel sheet are as follows 1 The details need to be entered in the yellow colored cells only 2 If any incorrect information is entered in the cell the contents of the cells appears in red color Please correct the same to get proper working 3 While entering the details of outward supplies and inward supplies in Table 3 1 select the proper nature of supplies from the drop down wherever it is provided 4 The Integrated Tax Central Tax and State UT Tax is calculated automatically depending on the figures entered under Inter State or Intra State columns and the Rate selected from drop down 5 Cess needs to be entered manually 6 Table 3 2 contains details of state wise inter state supplies to unregistered dealers composition dealers and UIN holders Select the Nature of inter state supplies and state from drop down 7 In Table 3 2 Total taxable value and integrated tax should be less than the taxable inter state supplies and integrated tax shown in Table 3 1 above 8 Details of ITC available ITC reversed and Ineligible ITC needs to be given in Table 4 The description mentioned in yellow cells is given for reference only and can be changed as appropriate in respective case 9 Tax payable in Table 6 1 is auto calculated and arrived by adding the tax payable as per Table 3 1 and deducting the net ITC available and adding ineligible ITC as shown in Table 4 10 The Tax payable figures in Table 6 1 appears in red color if there is net tax payable after adjusting payment through ITC TDS TCS and payment in cash 11 Similarly The Tax payable figures in Table 6 1 appears in red color if interest and late fee payable is greater than the tax paid in cash as the same needs to be paid by cash and can not be paid through ITC 12 The TDS and TCS credit is not applicable at present as the said provisions are not made applicable presently till further instructions
  • Decisions taken in 20th GST Council Meeting

    Decisions taken on Services at 20th GST Council Meeting on 5 August 2017

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Meaning of supply, time of supply and value of taxable supply

Meaning and Scope of Supply Q 1 What is the taxable event under GST Ans The taxable event under GST shall be the supply of goods or services or both made for consideration in the course or furtherance of business The taxable events under the existing indirect tax laws such as manufacture sale or pro

Taxability of bonus received from cooperative society

Taxability of bonus in the hands of the members received from the co operative society Brief History Even before the Co operative structures came into existence the practice of the concept of the co operative societies was prevalent in various areas of the society To mark the first instance where th

Be alert about the new process of refund under the Income tax Act

Refund process under the Income tax becomes more stricter than earlier through the amended Section 143 1 A of the Income Tax Act The Income tax department is suspecting that most of the taxpayers are getting refunds by declaring the taxable income comparatively lesser than the issued Form 16 16A The

Huge impact of Exemption under Service Tax not continued in GST

There could be a number of service providers who are not updated on the GST law Some maybe hearing rumours that many changes are expected However 1 month has passed Those service providers who were enjoying the exemption would be in shock if they continue not to collect the GST applicable normally a

Cash Transactions - Legal Backup(Income Tax)

Income Tax Provisions on Cash Transactions Section 269ST AND 271DA Section 40A 3 Section 269SS AND Section 271D Section 269T AND Section 271E Section 43 1 Section 269ST AND 271DA 269ST This section is attracted when Any Person receives cash more than 2 lakhs from any person From Same person in a day

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Updated on : 8/13/2017 12:35:32 AM


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