Service Tax Articles

Eligibility of Input Service Credit - Sales Commission

Posted by Madhukar N Hiregange 09 January 2014 63923 Views

The cenvat credit scheme is a beneficent legislation and allows for credits used for manufacture or service. Sales commission is paid for the following reasons: market creation/development, advertisement, sales promotion activities, identifying poten

How to pass Cenvat credit on Imported goods by Importer

Posted by Bimal Jain 06 January 2014 60003 Views

Dear Professional Colleague,Amendments in the Cenvat Credit Rules, 2004 and the Central Excise Rules, 2002The Finance Minister had constituted a Forum under the Chairmanship of Dr. Parthasarathy Shome and the Forum had received certain difficulties f

SSI Exemption Vs. Co- Owners of Immovable Property

Posted by Rishi 24 December 2013 24760 Views

There are many cases coming for consideration regarding eligibility of SSI exemption to all co-owners of immovable property individually. The department is of the view that all co-owners fall under the definition of Person under Section

Service Tax & Cenvat Provisions For Automobile Dealers

Posted by CA Ankit Bhutoria 20 December 2013 62601 Views

SERVICE TAXCenvat For Automobile DealersBrief Introduction Automobile Dealers are normally engaged in Selling of Vehicles, Selling of Spare parts of vehicle, and working as an Authorized Service Station on behalf of the principal. In the course of se

Rejection Order under VCES is appealable & recent clarifications

Posted by Bimal Jain 12 December 2013 24465 Views

Dear Professional Colleague, Rejection Order under VCES is appealable & recent clarifications issued pertaining to VCES We are sharing with you an important judgement of the Honble Punjab & Haryana High Court in the case of M/s Barnala

Voluntary Compliance Encouragement Scheme 2013

Posted by Advocate Neerav Mainkar 12 December 2013 31957 Views

VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME, 2013- ENGOURAGING ENOUGH? The Budget of 2013-14 ushered in a new gift for a multitude of service tax payers; or rather non-payers by announcement of the Voluntary Compliance Encouragement Scheme, 2013 or the

Last Month for Service Tax VCES 2013 - Highlights

Posted by CA Chirag Chauhan 12 December 2013 53970 Views

LAST MONTH FOR SERVICE TAX VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME, 2013 (VCES)Readers, this is last month to take the opportunity under VCES (Service Tax Voluntary Compliance Encouragement Scheme). Through this scheme government wants to act tough

ST on Works Contract Service under Reverse Charge Mechanism

Posted by CA Chandrashekar L 11 December 2013 650463 Views

Date :10/12/2013An Overview of Service Tax on Works Contract Service under Reverse Charge Mechanism 1.Reverse Charge?As per Section 68(1) of the Finance Act, liability to pay service tax is of the service provider. However there is exception to the

Karniti Part-14: Why, Carrot to Service tax defaulters and sticks to followers?

Posted by CA Umesh Sharma 10 December 2013 18693 Views

Why, Carrot to Service tax defaulters and sticks to followers? Arjuna (fictional character): O Lord Krishna, Why Honble Finance Minister is promoting the Voluntary Compliance Encouragement Scheme of Service Tax so much? Lord Krishna (fictional

Service Tax implication on Real Estate transactions

Posted by Guest 29 November 2013 135310 Views

APPLICABILITY: With the introduction of the negative list concept since July, 2012, the scope of applicability of Service tax has increased manifold. Today, there is Service tax implication on almost every sector, and real estate is no exception. A s