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Articles by CA Roopa Nayak

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Employee recoveries and Service tax

  CA Roopa Nayak    17 June 2016 at 11:01

It is to be noted that service provided by employees of the company (who are under employment with the Company) are governed by the exclusion clause contained in the definition of �Service�



Service Tax Implications of Composite contract

  CA Roopa Nayak    11 June 2016 at 12:33

Service Tax Implications of Composite contractCA Madhukar N. Hiregange& CA Roopa Nayak In this article we look at the validity of service tax levy on composite contracts comprised of value of land +goods + construction. This is in the



Cenvat Credit on Construction, Repairs & Works contract Services

  CA Roopa Nayak    08 June 2016 at 11:16

IntroductionCenvat Credit is a beneficial scheme wherein the duty paid at earlier stage on inputs and input se



Service Tax Implications of Plotted Development

  CA Roopa Nayak    08 June 2016 at 11:16

CA Madhukar N. Hiregange&CA Roopa Nayak In this article we would examine what would be the effect of some services activity conducted in the course of a sale of immovable property in general and development of plots in particular. Conse



Facing Summons under Central Excise / Service tax

  CA Roopa Nayak    07 June 2016 at 10:40

CA Madhukar N.Hiregange & CA Roopa Nayak BackgroundThe issuing of summons under central excise or service tax is viewed with a lot of fear due to lack of awareness and uncertainty by assesses. Under Section 14 [applicable in service tax vide sect



Cost sharing by companies and service tax

  CA Roopa Nayak    24 May 2016 at 10:49

BackgroundA group company could procure resources such as server space, software licenses, office space and various other facilities from vendors. When a company say Co Aof Karnataka procures such



Impact of Krishi Kalyan Cess - Service tax

  CA Roopa Nayak    23 May 2016 at 10:40

Krishi Kalyan Cess Service tax rate has been proposed to increase from 14.50% to 15% from 1st June to finance and promote initiatives to improve agriculture.



Pre-registration credit for manufacturers and service providers

  CA Roopa Nayak    17 May 2016 at 10:54

BackgroundIn order to start new business operations in any sector, the project costing has to factor in the indirect taxes.Basic Customs Duty(BCD), Excise duty and Countervailing duty[CVD], 3% Customs Cess and 4% Special Additional duty(SAD)are paid



Amendments in CE and ST wef 1st June 2015

  CA Roopa Nayak    25 May 2015 at 15:03

Service Tax & Central ExciseAmendments effective from 1st June 2015Service Tax� Notification No.13/2015-ST dated 19.05.2015 Omits the definition of �Chit� from Notification No.26/2012-ST dated 20.06.2012 (Abatement Noti



Impact of increase in service tax rate to 14%

  CA Roopa Nayak    21 May 2015 at 17:03

New service tax rate of 14% is effective from June 1, 2015. This article is intended to provide you with insights of how to deal with change in rate and which scenarios old rate shall prevail and when a new rate has to be applied. Few of the practica