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
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: 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 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
Finance Bill, 2013 has been submitted to Parliament by the Union Finance Minister, Mr.
VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME, 2013 (VCES) Background of the Scheme Service tax is a new emerging law and there has been lack of clarity on the applicability o
Budget 2013-14- An Analysis of Service Tax Proposals By CA. Nikhil M. Jhanwar Budget 2013-14 has been introduced today by Mr. P. Chidambaram, Finance Minister. Budget has come at a time where it has been almost one year in introduction of nega
Dear Professional Colleague, We are sharing with you important changes in Indirect Taxes - Union Budget 2013:-
SUBJECT: SERVICE TAX HEADING: HONBLE DELHI HIGH COURT CONTRARY VIEW ON POINT OF TAXATION RULES, 2011 BREIF SUMMARY OF THE JUDGEMENT:- The judgment has stated that Circular No.154 when it states that invoices issued on or before 31.3.20
FAQ on GTA - Goods Transport Agency QUE. What is the effective date of levy? ANS. 01-01-2005 QUE. Any goods based exemption? ANS. Transportation of fruits, vegetables, eggs and milk, pulses and cereals (33/2004) QUE. Any value based exemption? AN
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