Service-based businesses in India with a turnover of over Rs. 9 lakh in a financial year must have a service tax registration.
Continue Reading »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.
Continue Reading »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..
Continue Reading »Concept of supply of goods added in GST will lessen the problem of taxation on contractors/developers.
Continue Reading »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.
Continue Reading »Service Tax Audits by Department - Legal Position - By CA Ravi Kumar Somani & Rakesh SaraswathINTRODUCTION:Service Tax law operates under the concept of sel
Continue Reading »This article intends to highlight certain grey areas in the subject field.
Continue Reading »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..
Continue Reading »Detailed Implications on Mutual Fund Agent / Distributors
Continue Reading »This is welcome scheme issued by the CBEC and its expected to benefit many service providers, provided concerned authorities strictly adhered to it.
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ITR 1 and ITR 4
GST Practitioner Certificate Course 36th Batch