Service Tax Articles

Service tax implication on AC Restaurants-Finance Bill, 2013

Posted by Bimal Jain 01 April 2013 48231 Views

With effect from July 1, 2012, Service is defined under Section 65B(44) of Chapter V of the Finance Act, 1994 (the Finance Act) means any activity carried out by a

Service Tax Return (ST-3) for July-Sep, 2012 now available

Posted by Bimal Jain 29 March 2013 42407 Views

Service Tax Return (ST-3) for July-September, 2012 now available in modified format for e-filing on ACES. Service Tax Return (ST-3) is now available in a modified format for e-filing on ACES website for the quarter July to September 2012, which req

Real Estate Sector and Union Budget 2013

Posted by Sonu 29 March 2013 17951 Views

As there was lot of expectations from this budget, that budget might be investors or common men friendly. However in reality it does not seems like that. If we talk about real estate and union budget 2013, there was two sided impact on it. I.e. DIRE

Assortment of amendments in Penal Provisions of Service Tax

Posted by Pradeep Jain 18 March 2013 11662 Views

INTRODUCTION:- Beware if you are the one illicitly holding the government revenue!!! Government is all set to severely punish the people contravening the provisions of Finance Act, particularly, when one collect the service tax and fails to deposi

Reverse Charge Mechanism: Clarifications still needed

Posted by Pradeep Jain 14 March 2013 49651 Views

Introduction:- Around a year back, the budget of previous year proposed the service tax by way of negative list which was implemented w.e.f. 1.7.2012. This is the milestone date which transformed the service tax law by implementi

Place of provision of Service Rules, 2012 (PPS Rules)

Posted by ankush 06 March 2013 38448 Views

Background Section 66B of Finance Act, 1994 levies service tax on value of all services provided or agreed to be provided in the taxable territory by one person to another. Section 66C grants powers to the Central Government to frame rules to

Critical reasoning of Notification no.03/2013 ST dated 01.03.2013

Posted by Pradeep Jain 04 March 2013 31041 Views

Introduction:- In previous budget, service tax law was shifted to negative list regime. Mega exemption notification no. 25/2012-ST dated 20.6.2012 was issued to prescribe the lis

Open Letter to FM- Budget 2013

Posted by Madhukar N Hiregange 04 March 2013 11130 Views

3rd March 2013. Dear FM Shri. P. Chidambaram, First of all thanks for your listening while taking the comments on the budget from all. We all understand that over a period of years there are some ills which have accumulated. However instead of voici

Service Tax on Restaurant

Posted by Pradeep Jain 04 March 2013 33854 Views

SERVICE TAX ON RESTAURANT: A SMALL AMENDMENT MAKES A BROADER SCOPE OF SERVICE TAX Introduction:- Under negative list regime, the service tax was introduced on restaurants, eating joints and mess which have licence to serve the liquor and fac

Service tax analysis of Budget 2013

Posted by Member (Account Deleted) 02 March 2013 32452 Views

SERVICE TAX ANALYSIS 1. HEADING-Scope of Negative List Widened SECTION- 65B (11) OF FINANCE ACT, 1994 MEMORANDUM EXPLAINING THE FINANCE BILL Definition of 'approved vocational education course' provided in section 65B (11) is bein