Service Tax Articles
Service Tax on Director's Services in Private Companies
A Private Company has one Executive Director i.e. Whole Time Director and two Non-Executive Directors. The Whole Time Director holds 90% of the paid-up share capital in the company while the other 10% is held by five shareholders. A monthly fix
Waiver of Interest and Penalty under Amnesty Scheme
Service tax has always been regarded as a tax of the future and is emerging as one of the major source of revenue for the Government. At the same time, the service tax law has been regarded as most complicated law and generated huge litigation.
Service Tax Refunds - Exporters - Status Check
Refund of Cenvat Credit Service Exporters Background The service exporters have been enabled to get the cenvat credit on capital goods, inputs and input services incurred in providing the servic
No Service Tax Leviable on the issuance of Draft Invoices
With the Introduction of Point of Taxation Rules (herein referred as POT Rules), 2011, the government has primarily shifted the policy of collection of service tax on the realization of value of taxable services to the point when the service is de
FAQ Guide for Filling ST3 Returns
A Guide to e-filling of ST3 Returns By. CA. Kakarla Manindar Introduction: There are two types of e-filing of ST3 returns. One is filling of information in the downloaded excel utility then converting excel utility file into xml format and uploa
New Service Tax Returns
New Service Tax Return- Few Suggestions By CA Madhukar N Hiregange & CA Roopa Nayak A few years back we heard that the combined excise and service tax return would be 1 page. This was not to be as reform implementation have failed in the last
Understanding Point of Taxation Rules, 2011
Notification New Delhi, the 1st March, 2011 No. 18/2011 Service Tax as amended by Notification No. 25/2011, No. 41/2011, No. 4/2012 and No. 37/2012. G.S.R. (E).- In exercise of the powers conferred under clause (a) and clause (hhh) of subs
Some basics about Service Tax
Some basics about Service Tax Q. What is meant by Service? Ans. ‘Service’ has been defined in clause (44) of Section 65B and means – Any activity For consideration Carried out by a person for another And inc
Changes in Mega Exemption List w.e.f April 1, 2013
CHANGES IN MEGA EXEMPTION LIST W.E.F APRIL 1, 2013 VIDE NOTIFICATION NO. 3/2013-ST DATED. 1-3-2013 AMENDING NOTIFICATION NO. 25/2012-ST DATED. 20-6-2012: Under S. No. 9 - Exemption by way of auxiliary educational services and renting
Service Tax on Restaurants
Service Tax on Restaurant Industry By Ankit Gupta and team (argtaxconsultants@gmail.com) Prior to Negative List A new category of taxable service for levy of service tax on restaurants was introduced by insertion of sub-clause (zzzzv) in cl
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