Service Tax Articles

Were Section 76 and 78 Always Mutually Exclusive?

Posted by CA Ankit Gulgulia (Jain) 07 March 2012 34927 Views

Where a person is liable to pay service tax u/s 68 and fails to credit the tax or any thereof to the account of the Central Government within the prescribed time limit then he shall be liable to pay taxes along with applicable interest under section

Maintenance of Records under Service Tax

Posted by srikanth 06 March 2012 87873 Views

MAINTENANCE OF RECORDS FOR SERVICE TAX - By Srikanth.Manne With the blessings of the God and my Gurus and inspiration from Bosses, Colleagues and my family members I am writing and posting this first article. Service tax assesses are gover

Analysis of Short Term Accommodation Service Introduced by Finance Act, 2011

Posted by PUNEET GOYAL 28 February 2012 30093 Views

Analysis of Short Term Accommodation Service Introduced by Finance Act, 2011 Taxable Service As per section 65 (105)(zzzzw) taxable service means any service provided or to be provided to a

Taxation on negative list of services

Posted by Venkatanarayana GM 27 January 2012 24108 Views

Introduction: Finally the ministry of finance in India is moving ahead in reducing ambiguous and unnecessary litigation in the field of service tax. Service tax is the major source of revenue to the government which is contributing nearly more tha

Analysis of Point of Taxation Rules, 2011 along with examples

Posted by PUNEET GOYAL 17 January 2012 71033 Views

ANALYSIS OF POINT OF TAXATION RULES, 2011 ALONGWITH SUITABLE EXAMPLES As we all are aware that earlier service tax was payable on receipt of payment in respect of taxable services provided. But with the introduction of Point of taxation Rules, 20

Supreme Court Partial Stay on Service Tax on 105(zzzz)

Posted by Yogesh Agarwal 17 November 2011 26851 Views

The service tax is dealt with the finance act and is the levy which is not having own act. The task of administartion is entrusted to the Central Board of Excise and Cutoms.When the service tax imposition was first ever started in India no body have

Rule 3 of Point of Taxation Rules, 2011

Posted by CA.Manindar Kakarla 09 November 2011 51592 Views

Background: Before making a study of Point of Taxation Rules, it is important to know the objective of introduction of these rules. Under any Indirect Tax, the process of levying tax is governed by two events. These a

A Step Closer to Goods and Service Tax

Posted by Nagesh Bajaj 24 October 2011 8670 Views

The central and state governments moved closer to ushering in a nationwide goods and services tax on April 1, 2011, that will simplify the manner in which corporates, small enterprises and traders will be levied taxes on goods and services. The re

Concepts in Indirect Taxation

Posted by Madhukar N Hiregange 20 October 2011 25872 Views

The tax is the price which we pay for a Civilised Society- Justice Holmes of US Supreme Court. In a civilised society a citizen demands law and

Taxation of works contract services under Service Tax

Posted by Amit Bajaj 18 October 2011 45884 Views

Works contract services were brought into service tax net by the Finance Act, 2007, w.e.f 01-06-2007 vide notification No. 23/2007-ST, dated 22-05-2007. Works contract in general terms can be understood as a contract which involves transfer of prope