The government said it would issue clarification on works contract which was included under service tax net this year. "We will issue clarification with regard to the ongoing contract after formal examination," Finance Ministry Joint Secretary (TRU-I
CENVAT credit is allowed to output service providers in respect of input services consumed by them used in providing output service.It is often argued that CENVAT Credit is not allowed on Service Tax paid on mobile phones.Argument is backed by Circul
When CENVAT meets Service TaxThe following are the points of importance when considering a combined interpretation of CENVAT Credit and Service Tax provisions:1. Credit will be available of exciseduty paid on inputs used for providing output services
New Service proposed to be added in the service tax is Property rent service. A dilemma is spread in the blood wounds of all the property owners receiving the rent against the thought of paying the service tax on the rent collected.Mr Finance Ministe
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