Service Tax Articles

The issue of taxability of out-of-pocket expenses has always been a matter of litigation. Before April, 2006 there was no specific provision to this effect. However, from April 19, 2006 onwards, with the introduction of the Service Tax (Determination of Value) Rules, 2006, ('the Valuation Rules') Se..

Posted in Service Tax |   1258 Views

Service Tax is a form of indirect tax levied by Central Government on services provided or agreed to be provided excluding certain services covered under the negative list and mega exemption list. The Service Tax has been levied through the Finance Act, 1994 and Service Tax Rules, 1994. Currently, t..

Posted in Service Tax  3 comments |   1962 Views

In this article, we will discuss the amendment applicable from 1st April 2017 on education service under service tax. We divide our discussion in 3 parts, which are as follows:- 1) Definition of Educational Institute; 2) Taxability  3) Impact of notification. Definition: According to..

Posted in Service Tax  5 comments |   4691 Views

'Goods Transport Agency (GTA)' means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called. Generally, service tax is payable by the provider of Service. However in Reverse Charge Mechanism Service Receiver is made liable to..

Posted in Service Tax  10 comments |   81567 Views

Introduction: Banks are registered under service tax in the category of 'Banking and Financial Services'. They collect and pay service tax on its various incomes such as commissions, bank charges, documentation charges, processing fees etc. levied on its customers. However, one of the major reven..

Posted in Service Tax  1 comments |   765 Views

With the Introduction of Negative List Regime in the year 2012, all services becomes taxable except the services which are covered in Negative List or which are exempted by government through issue of any exemption notification. Earlier to Finance Act, 2016, Following services of Educational Inst..

Posted in Service Tax  5 comments |   10602 Views

Taxability of Aggregator service

  Tony John    06 March 2017 at 11:22

Aggregator service - A student's guide We all are familiar with e-commerce companies like Flipkart and Amazon which act as a platform for customers like us to purchase the goods we want from a variety of brands available. We also are keen to book tickets on makemytrip the moment we finalize a..

Posted in Service Tax |   1179 Views

In this article, an attempt has been made to interpret the various aspects of this New Notification. The recent amendment, instead of clarifying the issue, creates more doubts for the industry, specially in relation to taxability of the stand-alone hotel booking transactions, in the hands of tour op..

Posted in Service Tax  4 comments |   2212 Views

One of the recent trends has been enquiries and letters by the service tax department to all restaurants/bars/wine shops demanding payment of service tax on the liquor license fee paid to the state government. Department is also backing this vide circular 192/02/2016-Service Tax dated 13.04.2016 (Sl..

Posted in Service Tax  3 comments |   852 Views

Recent changes in ST

  Nagendra Hegde    23 January 2017 at 10:54

Recent changes in Service tax w.e.f. 22.01.2017 Services by way of transportation of goods by a vessel: Entry 34(c) in mega exemption notification exempts services provided by a person located in non-taxable territory to a person located outside taxable territory. Notification No. 01/2017-ST w..

Posted in Service Tax |   1762 Views

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