short notes on service tax

News

Reduced Liability of Tax on complex, building, flat etc under GST


The CBEC and States have received several complaints that in view of the works contract service tax rate under GST at 12 in respect of under construction flats complex etc the people who have booked flats and made part payment are being asked to make entire payment before 1st July 2017 or to face hi

Reduced tax liabilities under GST regime for 89 items


The new indirect tax regime in the country is to come into effect from 01 07 2017 wherein fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council In a majority of supplies of goods the tax incidence approved by the GS

Toll free Helpline for CA Students


The Board of studies is pleased to announce commencement of toll free help line service to answer queries and grievances of CA students from across the country Number 18001211330 Timings 10 AM to 5 30 PM Monday to Friday The purpose of this service initiative is to provide timely information to stud

Carry Forward of unavailed Cenvat Credit for natural resources


Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST Cenvat Credit Rules amended so as to provide that Cenvat credit in respect of such services which remains unavailed on the day immediately preceding the appointed day may be availed of in

Govt emphasizes that GST will be rolled out on 1st July


Government emphasizes that Goods and Services Tax GST is scheduled to roll out on 1st July 2017 CBEC in coordination with the State Governments has increased their Outreach Programmes so as to reach the last trader The Government of India has emphasised that Goods and Services Tax GST is scheduled t

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Experts Opinions

Short term capital gain


Sir By default on short term capital gain instead of normal rate special rate calculate on super senior citizen when I am filled up ITR 2 for A Y 2016 17 showing Sale of shares at Rs 8 75 747 as income taxable income after adjusting for Minimum chargeable to tax 4 05 281 on 15 ST CG 60792 E cess Rs

Refund of Service Tax on residential flats


Dear experts one assessee has purchased a residential flat and had made the full payment except the portion of service tax i e 3 75 as per abatement scheme however as per a judgment of Delhi high court service tax can t be levied on resident flats Refer link https www google co in amp m economictime

work contract service in service Tax


Sir Main contractor hoon main road building construction ka contract leta hoon aur mujhe service tax mein 40 ka abatement milta hai aur 50 ka reverse charge lagata hai Kya gst mein mujhe 40 ka abatement aur reverse charge milega yaa gst mein koi aur procedure hai Sudip jain

Co-operative society taxation


Dear Sir Mam I am working in the co operative society bank ltd last year it has profit of 4 lacks I want to to know about taxation of co operative society that provides loan facilities to their members and have interest income I am very much confused on it please share taxation applicability on co o

Tax audit


SIR WHAT ARE THE POINTS TO BE CONSIDERED IN TAX AUDIT FOR P Y 16 17 BECAUSE OF DEMONETISATION

Discussion

Gst on tour operator service

am in service industry am providing service to customers air ticket hotel tour package can you please tell what will be the percentage applicable on above mention three

Service tax return

Sir my freinds registred in service tax in July 2014 but work started in 2015 only of Rs 95000 and 2016 54000 and nil in 2017 he has deposited the service tax of 2015 and part payment of 2016 but do not file the any return due to non awareness about return now he want to continiue the business in GS

Tax Liability

income received from google for developing an android game app which is available on play store of google

Claim of Input tax & its provisional acceptance or Matching, reversal and reclaim of ITC

Claim of Input tax its provisional acceptance or Matching reversal and reclaim of input tax credit in 10 simple points 1 Claim ofinput tax creditand provisional acceptance thereof Every registered person shall be entitled to take the credit of eligible input tax as self assessed in his return and su

Service tax

conditions for composition scheme service tax for works contract

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File Download

  • Checkmate for Non-Payment

    Checkmate for Non Payment to Supplier after Time Limit INPUT TAX CREDIT REVERSED
  • Guide on GST-04 (GST return on imported services) Online Sub

    GST Guide on GST 04 Online Submission
  • Miscellaneous Transitional Provisions - Detailed Analysis

    To watch related Video https youtu be rNEMGg7zEZs https youtu be ruPoM3ZcLY4 https youtu be y5iOt X4f5w https youtu be kbsRHPGqSEk Section 142 1 Goods Returned after Appointed Date Section 142 2 PRICE Revision Section 142 3 REFUND CLAIM Filed under Existing Law Section 142 4 REFUND CLAIM Filed under Existing Law for Export Section 142 5 Tax Paid before Appointed Date Services not provided Section 142 6 proceeding of appeal review or reference relating to a claim for CENVAT credit under Existing Law Section 142 7 proceeding of appeal review or reference relating to any output duty or tax liability initiated Section 142 8 assessment or adjudication proceedings instituted whether before on or after the appointed day under the existing law Section 142 9 return furnished under the existing law Section 142 10 Contract entered earlier Section 142 11 Tax leviable under Existing Law Section 142 12 Goods sent on Approval Basis in Previous law Section 142 13 TDS liability under Existing Law Detailed Analysis of Section 142
  • Electronic way bill under Goods and Service Tax

    ELECTRONIC WAY BILL UNDER GOODS AND SERVICE TAX
  • GST Acts , Rules , Formats

    GST Acts Rules Formats at one place

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Articles

Payment of tax, interest, penalty and other amounts under GST


Payment of tax interest penalty and other amounts under GST in 10 points 1 In the GST regime for any intra state supply taxes to be paid are the Central GST CGST going into the account of the Central Government and the State UT GST SGST going into the account of the concerned State Government For an


Filing of GST return by a normal taxpayer along with Rules and forms


Filing of GST return by normal taxpayer under GST along with Rules and forms in 10 simple points 1 Every person registered under GST will have to file returns in some form or other A registered person will have to file returns monthly normal supplier in GSTR 1 GSTR 2 and GSTR 3 2 A normal registered


If two or more goods or services are supplied then how GST will be levied?


Krishna Fictional Character Arjuna in GST Composite Supply Mixed Supply Taxable Supply Zero Rated Supply Exempt Supply Continuous Supply Intrastate Supply Inter State Supply etc are the types of Supply Among these types Composite Supply and Mixed Supply are the important types While computing GST on


A brief introduction of taxes to be subsumed under GST


GST is all set to roll out from 1 July 2017 Broadly GST is referred as One nation one tax GST is one indirect tax for the whole nation converting India into the single unified market GST is a single tax on the supply of goods and services right from the manufacturer to the consumer Credits of input


Acquisition of Fixed Assets and their Deferred Tax Impacts


Accounting and Taxation treatment of Interest on borrowings Foreign exchange fluctuations related to acquisition of Fixed Assets and their Deferred Tax Impacts In this discussion we would understand the accounting and taxation treatment of interest on funds borrowed for acquisition of capital assets


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Updated on : 6/19/2017 10:41:14 AM


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