POT Rule - (7) , When Point of Taxation attracts in case of reverse charge.
Service Tax Implications on Softwares
Service-based businesses in India with a turnover of over Rs. 9 lakh in a financial year must have a service tax registration.
The value of service portion in the execution of the works contract shall be equivalent to the gross amount charged for the works contract less value of property in goods transferred in the execution of the said works contract.
Remember that as per R. 66B, ST shall be levied on service provided or agreed to be provided (advance payment) and so erstwhile Rule 7 was against the essence o..
Concept of supply of goods added in GST will lessen the problem of taxation on contractors/developers.
If material and service portion cannot be segregated, then 70% of the value is deemed to be the standard service element as per the service tax law.
Service Tax Audits by Department - Legal Position - By CA Ravi Kumar Somani & Rakesh SaraswathINTRODUCTION:Service Tax law operates under the concept of sel
This article intends to highlight certain grey areas in the subject field.
W.e.f. 01st April 2016 all the government services provided to the business entity are taxable in the hands of service receiver. Prior to 01st April 2016 only s..
Excel Mastery Program