Service Tax Articles

Cenvat Credit on Construction, Repairs & Works contract Services

Posted by CA Roopa Nayak 08 June 2016 82431 Views

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

Service Tax Implications of Plotted Development

Posted by CA Roopa Nayak 08 June 2016 15510 Views

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

Levy of Service Tax on Under-Construction Flats - Unconstitutional

Posted by CA Nischal Agarwal 07 June 2016 15668 Views

Reliance in this connection can be placed on the decision of Hon�ble Delhi High Court in case of Suresh Kumar Bansalvs UOI [W.P.(C) 2235/2011] wherein levy of Service Tax on the value of flats sold during construction stage has been held uncons

No Service Tax Audit by the Service Tax Department or CAG

Posted by Bimal Jain 07 June 2016 5346 Views

We are sharing with you an important judgement of the Hon�ble Delhi High Court in the case of Mega Cabs Pvt. Ltd. Vs. Union of India And Ors [2016-TIOL-1061-H

Facing Summons under Central Excise / Service tax

Posted by CA Roopa Nayak 07 June 2016 16554 Views

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

New Taxes Imposed by Indian Government - Krishi Kalyan Cess

Posted by Padam Chhabra 04 June 2016 10265 Views

Krishi Kalyan CessThis June, the cost of services is going up. Govt. of India on 30th of May 2016, announced a new tax on all the taxable services. The new tax is Krishi Kalyan Cess of 0.5 percent which will be applicable from 1st June. This will mak

No Krishi Kalyan Cess on debtors as on 13th May 2016 - Part 2

Posted by CA Raman Singla 02 June 2016 13535 Views

The enabling provisions for KRISHI KALYAN CESS (KKC) are contained in Chapter � VI of Finance Act� 2016. As per the provisions, KKC shall be applicable at 0.5% on all taxable services and the proceeds of KKC would be exclusively used for

Rates of service tax in case of Reverse Charge w.e.f. 01.06.2016

Posted by CA M. ASIF FAROOQUI 31 May 2016 17904 Views

Service Tax under reverse Charge On or After 01.06.2016 CA M ASIF FAROOQUI Sl. No. Service Abatement if any Effective ST Rate (including SWC & KKC) % payable by service provider

Krishi Kalyan Cess - Applicability & Open Issues

Posted by Bimal Jain 30 May 2016 15745 Views

Pursuing with an objective to finance and promote initiatives to improve agriculture and farmer welfare, the Government announced a new cess namely �KrishiKal

TCS on sale of Goods and Services

Posted by CA MOHIT SINGHAL 24 May 2016 23490 Views

Section 206CTax Collected at Source:�TCS is the Tax Collected at Source by the seller (collector) from the buyer(collectee)�. Every person, being a seller, shall collect tax at source (TCS) from the buyer of goods specified in section 206