Service Tax Articles

How to pass Cenvat credit on Imported goods by Importer

Bimal Jain 06 January 2014 at 12:51

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

Rishi 24 December 2013 at 13:21

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

CA Ankit Bhutoria 20 December 2013 at 15:40

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

Bimal Jain 12 December 2013 at 16:57

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

Advocate Neerav Mainkar 12 December 2013 at 11:10

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

CA Chirag Chauhan 12 December 2013 at 11:03

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

CA Chandrashekar L 11 December 2013 at 12:04

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?

CA Umesh Sharma 10 December 2013 at 17:58

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

Guest 29 November 2013 at 11:27

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

Service Tax on GTA - A Guide

Manoj Agarwal 26 November 2013 at 10:53

1. Service Tax - Introduction It is quite surprising to know that unlike other central taxation laws like Central Excise Act, 1944; Customs Act, 1962; Income Tax Act, 1961; Central Sales Tax Act, 1956; etc; there is no specific act like Service Tax A