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short notes on service tax


FM releases FAQ on GST

The Union Finance Minister Shri Arun Jaitley releaseda Booklet containing Frequently Asked Questions FAQs relating to Goods and Services Tax GST Speaking on the occasion the Finance Minister Shri Jaitley lauded the efforts of the officials associated in the preparation of the booklet He complimented

Certificates will be issued to individual taxpayers

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Sub Finance Minister conveys Governments Appreciation to tax payers for their contribution towards Nation building The Government acknowledges the contribution of individual tax payers in paying taxes within

MVAT rates increased to 6%

FINANCE DEPARTMENT Madam Cama Marg Hutatma Rajguru Chowk Mantralaya Mumbai 400 032 dated the 16th September 2016 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT 2002 No VAT 1516 CR 123 Taxation 1 In exercise of the powers conferred by sub section 1 of section 9 of the Maharashtra Value Added Tax Act 20

CBDT clarifies on taxpayers response to IDS 2016

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 15th September 2016 Sub CBDT clarifies unconfirmed reports on IDS 2016 Certain sections of the press have been speculating on the taxpayer response to the currently on going Income Disclosure Scheme

Further instruction regarding Income Declaration Scheme

Instruction No 8 of 2016 F No 142 8 2016 TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi the 15th September 2016 To All The Principal Chief Commissioners of Income tax Sub The Income Declaration Scheme 2016 reg The Income Declaration Scheme 2

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Experts Opinions

No service tax on under construction property: decoding delh

No Service Tax on Under Construction Property Decoding Delhi HC Judgement June 22 2016 Under construction jpeg Neetika New Delhi High Court has recently passed a contentious ruling on levying of Service Tax on under construction properties The judgement has left buyers across the country gasping for

Service tax on privilege cards

Hi Request all the experts to help me in solving an issue regarding implication of service tax on Privilege Cards The case is as below A company XYZ Pvt Ltd is dealing in the business of privilege cards i e the company tie up with other companies like Hotel Restaurants Spa Gym etc for a promotional

Short term share


income tax

sumit sir thank you for ur reply in continuation to that one more query as per Act it is Mandatory To file returns in respect of partnership firm even though if there is no profit is the firm facing any problem in future from IT Department for non filing of return for AY 2014 15 if the firm wants to

Wrongly availed cenvat credit of input services

wrongly availed cenvat credit of input services but not utilized of input credit services whether in audit service tax department deduct wrongly availment of cenvat credit whether i have to pay interest and reversal of cenvat credit also please reply this answer


Service tax on construction contract

On of my client a Trust is going to construct a school building by giving a contract to some builders which includes material labour charges Kindly advise the service tax implication on this contract

Service tax input utilization.

i would like t build a warehouse on my land and then i will give it on rent i will purchase material and give it to labor contractor to build warehouse for me he will charge me service and i will charge service tax on rent to my client my query is whether i will eligible to take credit of labour cha

Tax implication on surrender of endowment policy

Hi Sir Madam I need your advice for Postal Life Insurance PLI Endowment Policy Below are the details Plan Santosh Sum Assured 5 Lacs Installment Premium Rs 1375 Monthly Rs 1401 with Service tax Issue Date 30 10 2012 Maturity Date 30 10 2039 Last Premium Paid Till 31 08 2016 Paid up Value as per PLI

Contract carriage for employees_taxability of service

Dear all Acompany is hiring vehicles for the purpose of movement ofemployees from place of residence to manufacturing units and material movement between manufacturing units Vehicles in the sense mean Auto Car Maxi cab Omni for employee movement and TATA 407 and Tata Ace for material movement Whethe

Service tax on import freight by vessel

Dear sir please guide me what is accounting code for service tax on import freight by vessel which applicable from 01 06 2016 4 20 0 10 0 10 4 50

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The Service Tax Registration Guide for India

Service based businesses in India with a turnover of over Rs 9 lakh in a financial year must have a service tax registration This applies to nearly all service providers barring a few that appear on the negative list such as educational institutions gymkhanas and cultural organisations Service tax i

One India, One Tax - GST

Introduction GST will be a game changing reform for the Indian economy by creating a common Indian market and reducing the cascading effect of tax on the cost of goods and services It will have an impact on the tax structure tax incidence tax computation tax payment compliance credit utilization and

Ashtavinayaka, what are the Astha Mahima of Tax Audit?

Arjuna Fictional Character Krishna from today celebration of festival of Lord of knowledge and Vignaharta Shri Ganesha has started with full of joy Everywhere the devotees are busy in preparation of the festival Similarly the taxpayers are busy in filing tax audit report and income tax return as the

Implementation of good and services tax (GST) in India

TheGoods and Service Tax GST is a Value Added Tax VAT have been passed in the Rajya Sabha on Aug 3 2016 With 203 vote in favour of the bill after a long struggle This has become a huge success for the NDA government which was reflected in the voice of the Finance Minister saying it was a historic da

Supply of Goods Vs Supply of Services in GST: Test of Constitutional Validity

Owing to the federal structure of India where there are two taxing authorities the Central Government and the State Government s the Country has witnessed overlapping of powers of the State Government s and the Central Government Even though the current indirect tax system treats goods and services

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Updated on : 9/24/2016 7:48:16 PM




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