Service Tax Articles

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 24629 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 124351 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 33534 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 5306 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 23345 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

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

Posted by Bimal Jain 20 May 2015 22620 Views

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

Posted by Alok Agarwal 19 May 2015 36404 Views

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

Posted by CA Vijaykumar Gutte 11 May 2015 263366 Views

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

Posted by CA Vishal Bindal 08 May 2015 17873 Views

(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