Service Tax Articles

Disputed inputs service credits

Posted by Ashish Chaudhary 19 August 2015 10775 Views

The concept of set off where an assessee adding value is able to set off the taxes on his purchases, is an important one which enables one to avoid the cascading effect of ta

Neutralise artificial restrictions under Cenvat Credit Rules

Posted by Ashish Chaudhary 18 August 2015 7335 Views

Cenvat Credit scheme is designed to avoid cascading effects but it has been seen over a period that the government has been diluting the basic philosophy of the rule by introducing many arbitrary restrictions. This has been done to augment reve

Service Tax - Point of Taxation Rules, 2011

Posted by CA JaiKishan 18 August 2015 18142 Views

By CA. Jai KishanIntroduction:The Point of Taxation Rules, 2011 (hereinafter referred to as �the POT Rules�) were notified on March 1, 2011 and have been amended from time to time. As mention

Service Tax in India: Brief History and Meaning of 'Service'

Posted by CA JaiKishan 17 August 2015 7821 Views

Brief History:The Service Tax was introduced in India around 21 years back on July 1, 1994 at the recommendations of Dr. Raja Chelliah Committee on tax reforms. The introduction of this levy in India can be termed as milestone in Indian Tax history.T

Tax Planning in Service Tax

Posted by Madhukar N Hiregange 17 August 2015 35924 Views

IntroductionService tax concepts have undergone drastic changes from the day of its introduction. It all started with 3 services. Now it is very hard to find a service which is not liable for service

SC stays service tax on advocates

Posted by Anandaday Misshra, Advocate 11 August 2015 22122 Views

Supreme Court Supreme Court bench comprising Chief Justice H.L. Dattu, Justice A.K. Mishra and Justice Amitava Roy has stayed the Bombay High Court�s order ,dated 15.12.2014 , of dismissing the petition challenging levy of service tax on lawyer

Update on indirect taxes for the month of Aug

Posted by TARUN KUMAR GUPTA 07 August 2015 12752 Views

A. Service Tax1. Rate of Service Tax � The rate of service tax has been changed to 14% w.e.f. June 1, 2015. No cess shall now be applicable. Levy of Swacchh Bharat Cess has not been notified till yet.2. Service Tax payment for the month of Jul

New procedure for verification and scrutiny of ST returns

Posted by Yash Goyal 30 July 2015 11938 Views

Dear All,The CBEC vide its circular no 185/4/2015 dated 30th June 2015 has revised the procedure for scrutiny of the service tax returns. This is a step towards ensuring whether the self-assessment carried out by the assessees is in line with the pr

Use of digital signature and electronic maintenance of records under central excise and ST

Posted by Ravi Kumar Somani 25 July 2015 11076 Views

Use of Digital Signature and Electronic maintenance of records under Central Excise and Service Tax Government of India has in the recent past launched its dream initiative of �Digital India� which promises to integrate the government dep

Understanding the mechanics of Goods and Service tax

Posted by CA Chitresh Gupta 23 July 2015 6018 Views

GST Knowledge Series#1Understanding the Mechanics of Goods & Service TaxThe Goods and Services Tax (GST) is a comprehensive value added tax (VAT) on the supply of goods or services. It is levied and collected on value addition at each stage on sa