Service Tax Articles

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

Posted by CA.Manindar Kakarla 06 May 2015 41321 Views

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?

Posted by CA. C V SURYAM 04 May 2015 19033 Views

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?

Posted by Manoj Agarwal 04 May 2015 9828 Views

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

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

Posted by Bimal Jain 06 April 2015 37673 Views

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

Posted by CA Pankaj Kr Agrawal 06 April 2015 15675 Views

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

Decoding rule 6 of Cenvat Credit Rules, 2004

Posted by Ashish Gupta 03 April 2015 18385 Views

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

Service tax on e-commerce transactions under aggregator model

Posted by Manasa 02 April 2015 34476 Views

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

Changes in service tax from 1st April 2015

Posted by Bimal Jain 01 April 2015 126640 Views

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

Service tax on the amount credited/ debited to suspense

Posted by praveen 30 March 2015 8903 Views

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 effective from 01.04.15

Posted by CA Chitresh Gupta 30 March 2015 46407 Views

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