Service Tax Articles

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

Posted by Bimal Jain 03 December 2012 69107 Views

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

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

Posted by Madhukar N Hiregange 03 December 2012 10294 Views

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

Reverse Charge Mechanism In Service Tax- An Overview

Posted by CA bhargava 03 December 2012 1006786 Views

REVERSE CHARGE MECHANISM OF SERVICE TAX (RCM) With effect from 1-7-2012 , the central government has notified the new partial reverse charge mechanism for the payment of service tax in respect of certain taxable services.

Service Tax on Commission from MNC

Posted by Ankit Gupta 01 December 2012 41969 Views

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 Parking Charges

Posted by Ankit Gupta 30 November 2012 42093 Views

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

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

Posted by CA Ankit Gulgulia (Jain) 30 November 2012 55377 Views

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

Analysis of Education Guide - Part I - Introduction

Posted by Madhukar N Hiregange 28 November 2012 9347 Views

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

Posted by CA Dileep Surya Kumar 09 May 2021 243829 Views

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

Posted by Madhukar N Hiregange 24 October 2012 230281 Views

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

Point of Taxation Rules, 2011 - An Overview

Posted by Member (Account Deleted) 16 October 2012 19553 Views

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 :