short notes on service tax


RBI to release new notes for Rs 20 and Rs 50 soon

Issue of Rs 20 banknotes with the inset letter L with numerals in ascending size in number panels and without intaglio printing The Reserve Bank of India will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi Series 2005 with inset letter L in both the number panels bearing signature

Tax Investigations unearth misuse of Jan Dhan Accounts

Tax Investigations unearth mis use of Jan Dhan Accounts Account holders once again urged by CBDT not to consent to any kind of mis use of their accounts which would expose them to the dangers of being held responsible for the tax evasion by unscrupulous elements Investigation being conducted by the

Bank official suspended for not following RBI guidelines

Action taken in cases of bank officials involved in carrying out irregular transactions violative of RBIs instructions post demonetisation of Specific Bank Notes by the Government w e f midnight of 8th November 2016 Pursuant to the decision of the Government to demonetise Specified Bank Notes w e f

No seizure of gold jewellery upto 500 grams per married lady and 250 gm for unmarried

Government clarifies that the apprehension sought to be created that the jewellery with the household which is acquired out of disclosed sources or exempted income shall become taxable under the proposed Taxation Laws Second Amendment Bill 2016 is totally unfounded and baseless In the wake of Taxati

POS Devices exempted from Central Excise Duty till 31st March

Point of Sale POS Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31 2017 The Government has demonetised the currency notes of Rs 500 and Rs 1 000 with effect from mid night of 8th 9th November 2016 Along with this the Government has also laid increased

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Service tax and vat

Hello Anuj here I am running a mandap and I have some confusion when it come to raise a invoice This is my initial year 1 Please correct me if I am wrong VAT is only applicable if I am providing catering services otherwise only Service tax is applicable What is the tax percentage I have to charge fo

Service tax and vat

Hello Anuj here I am running a mandap and I have some confusion when it come to raise a invoice This is my initial year 1 Please correct me if I am wrong VAT is only applicable if I am providing catering services otherwise only Service tax is applicable What is the tax percentage I have to charge fo

Service tax liability on non compete fee

Who will be liable to pay service tax on non compete fee paid by employer to employee

Service tax credit

In case of cancellation of construction contracts refund of payment including service tax by service provider to service receiver Kindly guide along with supporting provisions

Megha exemption under service tax

Respected Experts My Client is providing repairs amd maintanance work to the dam ie Karnataka power corporation ltd Karnataka power corporation ltd is a public co sub category State govt co In This KPCL Karnataka Govt Holds more than 90 of equity My query is Wheather this KPCL is Eligible for exempt


Service tax liability

If we received housekeeping services for the whole month but while carrying out inspection it is found that some of the labours has not used their cleaning machines as per standards So we have raised debit note regarding same In sach case under RCM do we have to pay ST on Gross bill amount or Amount

Appeals in income tax - a glance

Sl No Subject CIT A Tribunal High Court Supreme Court Appeals First Appeal Second Appeal Third Appeal Fourth Final Appeal 1 Under Section U s 246A U s 253 U s 260A U s 261 2 Appeal by Only by Assessee Both by Assessee Department Both by Assessee Department Both by Assessee Department 3 From Order o

Trumps 35% tax implication on indian industry? jobs?

Dear All Just heard a news that Trump tweeted that US is charging tax 35 on some products can some one expalin the implication on the Industries effected and Jobs too Thanks in Advance News Link http www business standard com article international bad news for make in india trump warns of imposing 3

Non payment of professional tax karnataka

hi i am a stock fo trader from karnataka past 12 years i have been trading in the stock market i have paid all applicable income tax no problems with that However i have never paid professional tax profession tax i was told by a fellow trader that i will have to pay pt of rs 2500 per year and that h

Foreign tax credit u/s 90

My client has claimed foreign tax credit u s 90 in his IT return Does the AO ask for documents for the foreign incomeand the proof of tax paid in these types of cases How much time does it takegenerally to get the return processed if FTC claimed

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Regulation of tax professionals by different countries

It would be difficult to have a well functioning tax system without tax advisors Because most taxpayers are not familiar with the intricacies of tax laws tax advisors are needed so that taxpayers can fulfill their complicated tax obligations As informed members of the public tax advisors also provid

A complete list of Penalties under Income Tax Act, 1961

1 Penalty under Section 270A Penalty for under reporting and misreporting of income If during the assessment proceedings it is found that an assessee have under reported or misreported his income then penalty u s 270A will be imposed on the Assessee This is the harshest penalty that can be imposed b

Currency Ban: How penalty cannot be imposed on cash deposits in bank account under Income Tax Act, 1961

Introduction We are going through a very unusual phase of Indian economy where people are rushing nowhere carrying cash in hand I have experience it first time when people are ready to pay the full amount of tax or they are ready to even forego 50 of the amount still they are not able to buy peace o

Goods and Services Tax (GST) Council - An Overview

After much awaited now its a matter of time that GST is going to be a reality in our Country the seriousness of the Government to implement GST clearly appears from the passage of 122nd Constitutional Amendment Bill in both the Houses of Parliament i e Lok Sabha and Rajya Sabha On the other hand the

Tax Deducted at Source from Salaries

Section 192 of Income Tax deals with deduction of tax from salaries paid to the employees by certain tax payers like company cooperative trust firm govt authorities etc Tax is not deductible if salary is not paid actually even if it is provided as payable in the accounts of tax payer Tax is deductib

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Updated on : 12/5/2016 1:55:11 PM


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