Service Tax Articles

Service Tax v/s VAT on Renting/Hiring of Motor Cabs

Posted by Ravi Kumar Somani 16 December 2014 19741 Views

IntroductionRenting/Hiring of Motor vehicles has mostly been an unorganized sector with mainly individual business houses dominating the sector by operating with limited vehicles (mostly owned

Impact of Budget changes for Rent a Cab

Posted by Member (Account Deleted) 13 December 2014 65172 Views

Impact of amendments on Rent-A-Cab Service (A REVERSE GEAR)Rent-A-Cab Service is not defined under Negative list regime. However as per the earlier definition it means any service provided or to be provided to any person, by a re

CBEC clarifies that ST department can also conduct ST audit along with CA or CMA

Posted by Bimal Jain 13 December 2014 14935 Views

Dear Professional Colleague, Service Tax Dept can also conduct Service Tax Audit along with CA or CMA CBEC clarifies Background: The Honble High Court of Delhi in the case of Travelite (India) Vs. Union of India & Ors. (W.P. (C) 37

CBEC's race with service tax audits

Posted by Sumit Grover 11 December 2014 18411 Views

Less than a week ago, CBEC had empowered CAs & CMAs(nominated u/s 72A) to conduct service tax audits on behalf of service tax department, by setting aside the verdict pronounced by Hon'ble Delhi High Court in case of CAG Travelite (India) Vs.

CAs & CWAs empowered for service tax audits

Posted by Sumit Grover 06 December 2014 12208 Views

CBEC has authorised CAs & CWAs(nominated u/s 72A) to conduct service tax audits at behest of service tax department.Statutory provisions--Rule 5A(2) of Service Tax Rules, 1994 authorises department to conduct audit by CAG or any audit party deput

Threshold Exemption to SSP vide NN 33/2012-ST

Posted by CA. K S Chauhan 05 December 2014 11675 Views

Threshold Exemption to Small Service Providers under Notification No. 33/2012 - Service Tax Dt. 20/06/2012: CA. Kamlesh Singh ChauhanFCA, LL B, DISA(ICA)E-mail: k

Reverse charge and partial reverse charge mechanism in ST

Posted by CA. K S Chauhan 05 December 2014 15384 Views

REVERSE CHARGE AND PARTIAL REVERSE CHARGE MECHANISM IN SERVICE TAX CA. Kamlesh Singh ChauhanFCA, LL B, DISA(ICA)E-mail: ks_chauhans@yahoo.comMobile: +91 9839 094 094 Service Tax is levied under Section 66B[1] of the Finance Act, 1994 as amended up to

Value of materials not includible in the value of services

Posted by Bimal Jain 05 December 2014 12461 Views

Dear Professional Colleague,Value of materials not includible in the value of services where the Agreement quantifies the value of materials separately from the value of services renderedWe are sharing with you an important judgement of the Hon&rsquo

Inputs lost during manufacturing does not amount to receipt of Inputs in short quantity

Posted by Bimal Jain 04 December 2014 12589 Views

Dear Professional Colleague,Inputs lost during manufacturing does not amount to receipt of Inputs in short quantity and accordingly whatever tax has been paid by Assessee on Inward Transportation service is entitled for Input Service credit We are sh

Update on Indirect Tax - Service Tax and Excise for the month of Dec 2014

Posted by TARUN KUMAR GUPTA 02 December 2014 17823 Views

A. Service Tax 1. Service Tax payment for the month of November, 2014 is due for payment on 6th December, 2014 for assesses excluding Individual, Proprietary Firm, Partnership Firm or LLP. It is now mandatory for all assesses w.e.f. October 1, 2014,