Service Tax Articles
Works Contract - Negative List - Unanswered Questions
Introduction:- Service tax on Works Contract was introduced on 1.6.2007. Starting with an attractive rate of 2% service tax on the co
The Bermuda Triangle mystery created by Negative List
Introduction:- After six years of uncertainties, finally section 66A of the Finance Act, 1994 has few more days to survive. 1.7.2012
Analysis of Declared Services, Exemptions, Abatements
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
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,
Latest on Negative List
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
Negative List - Impact on Construction Industry
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
Additional services exempted under Service Tax
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
New Law on Service Tax- -Gist of New Notifications
New System of Taxation - Service Tax Old Notification New Notification Particulars 11/2012- 17.03.2012 24/2012- 05.06.2012 ST Valuation Rules
Why service tax is payable on raising of invoice
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
Procedural changes in Rule 5 of Cenvat Credit Rules, 2004
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
sss
CAclubindia
