Service Tax Articles

New Service tax rate of 14%(Subsuming EC and SHEC) to come into effect from 1st June and other changes

Bimal Jain 20 May 2015 at 10:20

Service tax rate increased from 12.36% 14% (Subsuming EC and SHEC) effective from June 1, 2015 and Other changesAfter the Hon�ble President has given assent to the Finance Bill, 2015 on Thursday, May 14, 2015, the Ministry of Finance, Departmen

Service Tax Amendments applicable w.e.f 14th May 2015

Alok Agarwal 19 May 2015 at 10:53

Service Tax Amendments applicable w.e.f 14.05.2015 On 14-05-2015, Finance Bill 2015 has become Finance Act 2015 as it received assent from the president. Let us analyse certain provisions which become applicable on enactment of the Finance Bill 2015

Amendment in reverse charge mechanism by Finance Bill 2015 and critical analysis of RCM

CA Vijaykumar Gutte 11 May 2015 at 10:25

Finance Budget 2015 Changes Included.Critical Analysis of Reverse Charge Mechanism in Service Tax Date 09/05/15 Earlier I had post

Service Tax on E-Commerce transaction under Aggregator Model

CA Vishal Bindal 08 May 2015 at 10:31

(Tax on Reverse Charge Notification No. 30/2012 as amended by Notification 7/2015) In the budget 2015, An aggregator has been made a person liable to pay service tax in case service i

Service Tax Rate - Section 67A vs point of taxation rules

CA.Manindar Kakarla 06 May 2015 at 10:42

Change in Service Tax Rate � Section 67A vs Point of Taxation Rules.CA. Manindar KakarlaIntroduction:The Finance Budget 2015, has proposed to increase the effective rate of service tax from 12.36% to 14% for all taxable services. The increased

N. No.12/2015-CE(NT) - Fate of Service Providers?

CA. C V SURYAM 04 May 2015 at 11:29

The most awaited notification on the fate of opening cenvat credit of Education Cess (EC) and SHE Cess (SHEC) lying as on 01/03/2015 has been notified on 30/04/2015. But this notification speaks about only excise duty payable by manufacturers but no

Utilization of CESS: Whether industry has been fooled?

Manoj Agarwal 04 May 2015 at 10:09

In a significant move towards Goods & Service Tax (GST), the Central Government had issued Notification No. 14/2015-CE and 15/2015-CE dated 01-03-2015 (as part of the Union Budget – 2015 Notifications) whereby it exempted all goods falling

Demand of Service tax on the amount credited/ debited to suspense

Bimal Jain 10 April 2015 at 10:29

Dear Professional Colleague,Demand of Service tax on the amount credited/ debited to suspense account for the period prior to May 10, 2008 is not exigible to Service taxWe are sharing with you an important judgment of Honble CESTAT, Chennai, i

Increase in time limit for availing Cenvat credit on Input services and Inputs

Bimal Jain 06 April 2015 at 18:09

Dear Professional Colleague,Increase in time limit for availing Cenvat credit on Input services and Inputs Whether applicable on invoices issued prior to March 1, 2015?Till September 1, 2014, there was no time limit prescribed under the Cenva

Analysis on Service Tax RCM for LLPs

CA Pankaj Kr Agrawal 06 April 2015 at 10:10

Introduction :-The Definition of Body Corporate is amended on 12-Sep-2013 vide circular issued by MCA on account of applicability of Companies Act 2013.So Can a LLP be Considered as Body Corporate as per the same for Service Tax and not liable to