Service Tax Articles

Imp Service tax changes in Budget applicable from 1st Oct

Bimal Jain 27 August 2014 at 13:40

Dear Professional Colleague, We are sharing with you certain amendments made vide recent Notifications dated August 25, 2014 issued by the Central Board of Excise & Customs (the CBEC): 1. Fixation of date of applicability of Clauses

Six months limit- Can it be extended?

Madhukar N Hiregange 27 August 2014 at 10:54

Revenue Augmentation 6 Month Restriction Can One Avail post 1st September?CA Madhukar N Hiregange& CA Roopa NayakExcise duty collections are expected to be about Rs. 2 Lakhs crores and Service Tax collections about 2.2 Lakhs cror

Indirect Tax & Other Laws Communique

Bimal Jain 27 August 2014 at 10:53

SERVICE TAX NOTIFICTIONS/CIRCULARS Religious pilgrimage services provided by specified organizations get exemption from Service tax In exercise of the powers conferred by Section 93(1) of the Finance Act, 1994, the CBEC vide its Notification No. 17/2

Cenvat Ready recknor

Venkatanarayana GM 25 August 2014 at 10:52

Present article is designed for discussion of eligibility or ineligibility of Cenvat Credit on input, input services and capital goods to manufacturers and service providers. Discussed provisions are general in nature for the help of readers and may

Interest under Service Tax

AKASH PHOPHALIA 20 August 2014 at 11:14

Interest Hammer on assessee- Illustrated Interest on Service Tax is charged in accordance with the provisions of Section 75 of Finance Act 1994. Rate of Interest up to 01/10/2014 is simple interest of 18% per annum on delayed payment of tax (3% conce

Service Tax on Truck Owners

AKASH PHOPHALIA 20 August 2014 at 11:12

Service Tax on Truck Owners Services provided by way of transportation of goods by road are in the negative list in clause (p) of Section 66D. However, such clause makes an exclusion of services provided by Goods Transport Agency. Thus, it can be inf

Does DTAA Overrides Service Tax in India?

CA Nischal Agarwal 14 August 2014 at 11:28

Import of Service The Import of Service means that the Service which is being provided by a Service Provider who is located in Non-Taxable territory and the service recipient is located in taxable territory. In such circumstances, the Service Receive

Auxiliary Educational Services - Butchered by Rationality

CA.Manindar Kakarla 09 August 2014 at 11:52

Introduction:Budget 2012 has extended a great benefit to educational institutions by providing exemption for renting and auxiliary educational services provided to or b

'General' audit under Service Tax Rules - Ultra Vires

CS Aditya Singhania 08 August 2014 at 11:02

General audit under Service Tax Rules Ultra Virus Delhi High Court 4th August, 2014 Rule 5A(2) of the ST Rules, 1994 provides that every assessee has to provide to the officer authorized by the commissioner or CA

Failure to deduct tax at source - disallowance restricted to 30%

rajat aggarwal 07 August 2014 at 11:23

As per the existing provision of section 40(a)(ia), any payment made by way of interest, commission, brokerage, rent, royalty, fee for professional services, fee for technical services, payment to a contractor or sub-contractor on which tax is ded