Service Tax Articles

Service Tax on Education - Scope enhanced, confusion reduced

MONISH BHALLA 25 July 2014 at 12:37

The ambiguous drafting of a legal provision defeats the purpose of a law. It is the job of the law makers to address the concerns of people at large and remove air of uncertainty over its interpretations. The Finance Minister, in his maiden budget sp

Service Tax Amendments - Budget, 2014

Lalit Kumar Gupta 18 July 2014 at 13:02

AMENDMENTS IN SERVICE TAX BUDGET, 2014Service Tax changes and proposals are categorized in below manner:-1. Negative list of services2. Mega Exemptions Notification No. 25/2012-ST3. Notification No. 26/2012-ST4. Notification

Past Year Cenvat Credit - Last Chance?

Madhukar N Hiregange 18 July 2014 at 13:02

Revenue Augmentation by Way of Cenvat Credit Restrictions[ Past Credit Availment Last Chance? CE/ ST]CA Madhukar N HiregangeExcise duty collections are expected to be about Rs. 2 Lakhs crores and Service Tax collections about 2.2 Lakh

Time limit on Claiming CENVAT Credit: Major Implication

Ankit Bidasaria 18 July 2014 at 13:02

Rule 4 of the CENVAT Credit Rules, 2004 (CCR) provides the conditions for availment of credit. Amendment rules inserted a new proviso after the second proviso in Rule 4(1). The new proviso shall be inserted with effect from first day of

Proposed Effects of Finance Bill 2014 on Service Tax

Ankit Bidasaria 17 July 2014 at 15:49

Over the last decade the service tax collections have shown tremendous growth, thus it is becoming more important to the Government Exchequer. After the introduction of Negative List based Service Tax regime, to broaden the tax base of service tax, o

Service Tax Exemption for Environmental Cause

Pradeep Jain 16 July 2014 at 12:08

Introduction:- The government led by Narendra Modi has made certain amendments that aim to streamline both social and environmental objects with a view to gain confidence of the public at large that supported them whole heartedly. One of such amendm

A Close Watch on Service Tax Defaulters

Pradeep Jain 14 July 2014 at 15:07

The Government has enhanced the rate of interest to be charged on delayed payment of Service tax under Section 75 of Finance Act, 1994. This increase in the rate is based on period of delay rather a single increased rate for any period of delay. Thus

Impact of 'Budget of Hope' on 'Service Tax'

Nagendra Hegde 14 July 2014 at 11:53

Impact of Budget of Hope on Service Tax By Nagendra HegdeThe debate is still on ' on

Non Commercial entities- Still not in Service tax ambit

Pradeep Jain 11 July 2014 at 15:50

With the coming up of new government led by Mr. Naredndra Modi, came new hopes. The hopes for a better India once again dawned in the hearts of the people. The much talk

New Government, New hopes: Excise & Service Tax law needs to be MODIfied

Pradeep Jain 01 July 2014 at 11:34

Introduction:- Whole country witnessed historic win of BJP lead NDA in recently concluded general elections. New government in the leadership of Mr. Narendra Modi is all set to prove its mettle of governance. With oath taking ceremony on 26.05.2014 a