THUMB RULE to avail CENVAT Credit is that it can be availed on those eligible Inputs, Capital goods or Input Services which have been utilized for providing taxable services or manufacturing dutiable goods except the cases where it is restricted unde
READY RECKNOR SERVICE TAX CHANGES 01-04-2015 In this Ready to- Read Table, I have endeavored to encapsulate major changes in service tax that are effective from 01-04-2015 along with proposed changes in service tax rates consequent as enshrine
All about aggregatorThe Finance Bill, 2015 has sought the levy of service tax on e-commerce transactions under aggregator model effective from March 01, 2015.In the budget 2015, for the first time, a person other than the service provider or the serv
New Service tax rate of 14% is not effective immediately and shall come into effect only from a date to be notified later:The Union Budget, 2015 has proposed an increase in the rate of Service tax from 12.36% to flat 14% with abolishment of Education
IntroductionConstruction industry is one of the major sources of revenue to the government of India. It is very imperative for each and every entrepreneur to plan his service tax well in advance. Before starting any project professional consultation
SERVICE TAX: ANALYSIS OF AMENDMENTS APPLICABLE WITH EFFECT FROM 01ST APRIL 2015By CA. Chitresh Gupta, B.Com(H), FCA, IFRS (Certified), IDT (Certified)The Finance Bill, 2015 has proposed lot of changes in Service tax provisions. These changes will be
Impact of Change of Service tax liability structure from partial reverse charge to full reverse charge on manpower Supply and Security Services in transition periodAs Notification No. 30/2012-ST dated 20-06-2012 has been amended vide Notification No.
BUDGET V (SNAPSHOT OF CHANGES IN SERVICE TAX FROM 01.04.2015) Exemptions The exemption presently available on specified services of construction, repair, maintenance, renovation or alteration services provided to the government, a local auth
BUDGET III (New registration process) With effect from 01.03.2015 the new registration process shall come into force. The same has been ordered as:- Fill online form ST-1. PAN number is mandatory except for Government departments. E-mail an
BUDGET I (Service Tax Proposed dates) The budget has introduced several changes in Service Tax laws. These changes aimed at widening the tax base and to pave the path for smooth implementation of GST. The amendments are categorized a
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