Service Tax Articles

Goods & ST- An overview

Posted by CA Rohit kapoor 09 June 2015 18217 Views

We all have heard about Goods & Service Tax. It is one of the many legislations that are pending in the list of changes that we

Brief case studies on change in rates of service tax

Posted by Arijit Ghose 02 June 2015 22506 Views

Change in Effective Rate of Taxation- Service Tax On account of some errands to be run which I have postponed for almost a year, I find myself travelling today (ie June2nd, 2015) to Kolkata from Mumbai. I was not much pleased about the prospects of t

Export condition fulfilled even if payment is received in Indian Rupees

Posted by Bimal Jain 30 May 2015 13994 Views

Dear Professional Colleague,Export condition fulfilled even if payment is received in Indian RupeesWe are sharing with you an important judgment of the Hon�ble Mumbai Tribunal, in the case of Sun-Area Real Estate Pvt. Ltd. Vs. Commissioner of S

Amendments in CE and ST wef 1st June 2015

Posted by CA Roopa Nayak 25 May 2015 42798 Views

Service Tax & Central ExciseAmendments effective from 1st June 2015Service Tax� Notification No.13/2015-ST dated 19.05.2015 Omits the definition of �Chit� from Notification No.26/2012-ST dated 20.06.2012 (Abatement Noti

Impact of 14% ST rate

Posted by Madhukar N Hiregange 22 May 2015 37403 Views

IntroductionService tax rate had been proposed to increase from 12% to 14% effective from 1st June 2015 vide notification no.14/2015-ST. The Cesses are also subsumed in the rate of 14%. Additional revenue on account of this increase is estimated to

Taxability of newly taxable services from June 1, 2015

Posted by Bimal Jain 22 May 2015 24622 Views

Dear Professional Colleague,Taxability of newly taxable services from June 1, 2015The Ministry of Finance, Department of Revenue vide Notification No. 14/2015-ST dated May 19, 2015 has notified that the following changes in relation to the Negative L

Impact of increase in service tax rate to 14%

Posted by CA Roopa Nayak 21 May 2015 124344 Views

New service tax rate of 14% is effective from June 1, 2015. This article is intended to provide you with insights of how to deal with change in rate and which scenarios old rate shall prevail and when a new rate has to be applied. Few of the practica

Analysis of Service tax rate increase from 12.36% to 14%

Posted by CA Chitresh Gupta 21 May 2015 33529 Views

ANALYSIS OF SERVICE TAX RATE INCREASE FROM 12.36% TO 14% (SUBSUMING EC ANDSHEC) EFFECTIVE FROM 01.06.2015By CA. Chitresh Gupta, B.Com(H), FCA, IFRS (Certified), IDT (Certified)Author of Book �An Insight Into Goods & Service Tax�Managi

Changes by way of notifications issued on 19th May'2015

Posted by Shivani 21 May 2015 5299 Views

Changes by way of notifications issued on 19th May�2015 to beeffective from 1st June�2015 13/2015 Omits the definition of 'chit' from the abatement notification 26/2012.�chit� means a transaction whether called chit,

Service Tax Rate 14% with Point Of Taxation Rules,2011

Posted by Gaurav Arya 21 May 2015 23341 Views

Dear All Central Government has enhanced the rate of Service Tax Rate from 12.36% to 14% vide Notification 14/2015-ST dated 19th May, 2015. New rate of 14% is effective from 01st June,2015. Pursuant to the above stated increase, the rate of tax that