Service Tax Articles

Circular on Speedy Refunds under Service tax - No 187/6/2015 dated 10/11/2015

Posted by cashekar 13 November 2015 6504 Views

Yes. What you heard is correct!! In the endeavour of making India a better place for doing business, CBEC seems to have finally taken up its initiative. CBEC vide circular no 187/6/2015 � Service Tax dated 10/11/2015 has come with a scheme for

Swachh Bharat Cess - Detailed Analysis

Posted by Vishal Jain A 09 November 2015 84200 Views

DETAILED ANALYSIS OF SWACHH BHARAT CESS ("SBC")The government of India wide Notification has made levy and collection of "Swachh Bharat Cess" (SBC) mandatory from the 15th November 2015. The following are a few questions and a

Guidelines for issue of prosecution under service tax

Posted by CA RITUL PATWA 09 November 2015 8691 Views

The Central Board of Excise and Customs have vide Circular No. 1009/16/2015-ST Dated 23-10-2015 issued consolidated guidelines for launching of prosecution under the Central Excise Act, 1944 and the Finance Act, 1994 regarding Service Tax. The detail

Swachh Bharat Cess @ 0.5% on value of all taxable services levied from November 15, 2015

Posted by Bimal Jain 09 November 2015 16025 Views

Dear Professional Colleague,Swachh Bharat Cess @ 0.5% on value of all taxable services levied from November 15, 2015Pursuing with Mr. Narendra Modi�s Dream of Swachh Bharat, in Union Budget 2015, a provision was made for levying a Swachh Bharat

Impact of imposition of Swachh Bharat Cess on various services: FAQs

Posted by Ashish Chaudhary 07 November 2015 14023 Views

Finance Act 2015 had provided provision for levy and collection of Swachh Bharat Cess (SBC) under section 119 of the Finance Act, 2015 at a rate not exceeding two percent on the value of services. The levy was to become effective from the date to be

Treatment of Education Cess - Decent notification for service providers

Posted by CA Raman Singla 05 November 2015 7372 Views

As per the amendment made by Finance Act� 2015, the rate of service tax has been increased from 12.36% to 14% w.e.f. 01.06.2015. In this respect the issue which arise is that �Whether the cenvat credit of education cess which is available

Credit of EC & SHEC can be used for payment of Service tax

Posted by Bimal Jain 31 October 2015 21623 Views

Dear Professional Colleague,Credit of EC & SHEC can be used for payment of Service taxWith the underlying theme of setting the stage for Goods and Services Tax (�GST�), the Union Budget, 2015 had proposed to do away with the Education

Disclosure of Rule 6 of Cenvat Credit in ST-3 Return - Practical Aspects - Part 3

Posted by Ashish Chaudhary 22 October 2015 14874 Views

Having discussed on the disclosure of availment and utilization of credit in previous two articles, we shall move on to examining applicability of Rule 6 of Cenvat Credit Rules to a service provider and its di

Cenvat Credit disclosure in ST return-Practical Aspects: Part 2

Posted by Ashish Chaudhary 20 October 2015 20431 Views

In the previous article, we had discussed regarding availment of credit while filing of ST-3 Return. It has been very encouraging to receive large number of queries on various aspects related to service tax return filing. To continue the series, in t

Cenvat credit disclosure in ST return- Practical aspects- Part 1

Posted by Ashish Chaudhary 14 October 2015 15013 Views

Tax credit in any value added taxation is the second most important aspect after the levy as it goes to reduce the basic cost. If credits are not available fully, it adds to the cost of the product or service resulting in cascading effect of taxes. I