Service Tax Articles

Analysis of Education Guide 2012- Part II - "Service"

Madhukar N Hiregange 03 December 2012 at 11:26

Understanding the Educational Guide-2012 Part -II Service We examine in this article, the guide in detail and have provided our comments in italics. At this stage they represent only thoughts or questions which r

Composition Scheme for on-going works contract prior and post 1st July, 2012

Bimal Jain 03 December 2012 at 11:26

We are sharing with you FAQ on Works Contract Composition scheme w.e.f 1st July, 2012 and analysis of an important recent judgment of the Honble Supreme Court in

Service Tax on Commission from MNC

Ankit Gupta 01 December 2012 at 12:10

Gupta and team (argtaxconsultants@gmail.com) Facts: M/s. XYZ India Pvt. Ltd (100% subsidiary of a MNC) receives commission Income from the MNC(Parent Company) on account of booking orders

Service Tax on Real Estate: A Practical Perspective (Part A & Part B)

CA Ankit Gulgulia (Jain) 30 November 2012 at 12:28

Service Tax on Real Estate A Practical Perspective (Part A & Part B) This article aims to discuss few essential issues that require to be addressed in light to the changes brought by negative list provisions, the jeopardy created b

Service Tax on Parking Charges

Ankit Gupta 30 November 2012 at 12:26

Prior to 01.07.2012 Prior to Negative List concept, Renting of immovable property excluded land used for parking purpose. The

Analysis of Education Guide - Part I - Introduction

Madhukar N Hiregange 28 November 2012 at 12:26

Understanding the Education Guide 2012- An initial effort/ attempt Part I Introduction. The frequent changes in the service tax law is an ingredient of poor tax policy as in the certainty of laws lie the safety of the citizens.

Accounting Treatment of Service Tax under Reverse Charge Mechanism

CA Dileep Surya Kumar 20 November 2012 at 12:08

Accounting Treatment of Service tax and Cenvat Credit under New Service tax regime Note: The following are indicative accounting entries on the assumption that service receiver/manufacturer is eligible for taking Cenvat credit and service is an e

Service Tax on Construction Contracts

Madhukar N Hiregange 24 October 2012 at 12:59

Understanding Implication of Service Tax on Real Estate [Collation of Relevant Material] Table of Contents 1.1 Definition of term Service Section 65B(44). 3 1.2 Declared Service Section 66E. 3 1.3 Negative List

Service Recipients obligations under reverse charge

MOHAMMAD SALIM 16 October 2012 at 12:39

The Ministry of Finance (Department of Revenue), Government of India has made certain changes and brought certain additional items of services under the ambit of reverse charge mechanism where the service recipient is liable to pay tax. Till 30th

Point of Taxation Rules, 2011 - An Overview

Member (Account Deleted) 16 October 2012 at 12:38

Why we determine Point of Taxation ? point of taxation mean the point of time when a service shall be deemed to have been provided. so service provider can pay service tax by the 5th day & 6 th day of month/ quater as thecase may be Rule1 :