Service Tax Articles

Relief for Pvt Co - Advance Ruling Mechanism made available

Posted by Nikhil Kaushik 26 July 2014 17126 Views

Established under Section 245-O of the Income-tax Act, 1961, Authority of Advance Ruling has served as one of the most stable mechanism for tax planning and compliance for Non-re

Applicability & procedure of service tax under reverse charge

Posted by CA Navin Jain 26 July 2014 176362 Views

CA Navin JainEmail:- cajainnavin@gmail.com We have a attempt to prepare synopsis on applicability & procedure of service tax under reverse charge. Hope it would be helpful for you. If any clarification is required, please fell free to contact me

Service Tax on Education - Scope enhanced, confusion reduced

Posted by MONISH BHALLA 25 July 2014 12582 Views

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

Posted by Lalit Kumar Gupta 18 July 2014 188730 Views

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?

Posted by Madhukar N Hiregange 18 July 2014 19682 Views

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

Posted by Ankit Bidasaria 18 July 2014 25866 Views

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

Posted by Ankit Bidasaria 17 July 2014 5957 Views

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

Posted by Pradeep Jain 16 July 2014 7884 Views

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

Posted by Pradeep Jain 14 July 2014 30739 Views

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