Service Tax Articles

Service Tax Liability on Sub-Brokers

CA Prateek Kr. Agarwal 09 July 2012 at 12:05

Please note that Sub-Brokership and service as an authorised person to a member of a commodity exchange is not covered under negative list, instead it is covered under Mega Exemption notification 25/2012 dt 20-06-12. Hence, one need to first get re

Analysis of Declared Services, Exemptions, Abatements

Madhukar N Hiregange 06 July 2012 at 13:01

Foreword With Effect From 1st July 2012, the CBEC has proposed and the Parliament has passed the switch from an ad hoc system of selecting services to tax, to a negat

Valuation & Reverse Charge for Construction Industry

CA.Manindar Kakarla 05 July 2012 at 13:05

NEW VALUATION & REVERSE CHARGE MECHANISM RELATING TO CONSTRUCTION INDUSTRY INTRODUCTION: We have discussed in my previous article about the changes in the applicability of service tax relating to construction industry. In this article,

Negative List - Impact on Construction Industry

CA.Manindar Kakarla 25 June 2012 at 12:05

Introduction: As you all are aware, Government has proposed to introduce Negative list taxation of services in Finance Budget 2012, it has been notified that this new scheme will come int

Latest on Negative List

sumit bhatia 25 June 2012 at 12:04

Negative List of Service Tax In the Existing List ,only the services specified in clause (105) of section 65 of the Finance Act ,1994 are taxed under the charging section 66.In the new system ,all serv

Additional services exempted under Service Tax

CA Siddhartha Bhardwaj 22 June 2012 at 12:16

The Central Government had issued N/N 12/2012 dated 17-03-2012 exempting certain taxable services from the whole of the service tax. Now, the Central Government has issued N/N 25/2012 (called the Mega Notification) dated 20-06-2012 in supersession o

Deemed Sale v/s Declared Service-Controversy C/F to negative list

Pradeep Jain 21 June 2012 at 12:58

DEEMED SALE V/S DECLARED SERVICE CONTROVERY C/F TO NEGATIVE LIST An article by:- CA. PRADEEP JAIN CA. PREETI PARIHAR Introduction:- Deemed sale it is a critical aspect of the Sales Tax law and it is going to

Procedural changes in Rule 5 of Cenvat Credit Rules, 2004

CA Vijay Sony 21 June 2012 at 12:57

It may be noted that, the department has issued Notification 27-2012 dated 18.06.2012 substituting earlier Notification No.5/2006 in respect of procedure for claiming refund claim under Rule 5 of CENVAT Credit Rules, 2004. The important procedural c

Why service tax is payable on raising of invoice

Arun Jain 21 June 2012 at 12:57

A rule under service tax got changed on 1 July 2011 that was an important rule, rule of Service Tax liability. When does service provider's liability arise to submit service tax to government. Earlier Practice : - Service Tax Payable wh