Service Tax Articles
Overview of Compounding of Offences under the Service Tax
The Central Government by exercising the power conferred by clause (i) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994) has made the Service Tax (Compounding of Offen
A Negative List in Service Tax Levy- Impact on Construction Industry
Introduction It was 18 years ago when the levy of service tax was introduced with a meagre three services which has now grown manifold to 119 services. The scope of services has
Analysis of Service Tax Rules, 1994
(Before proceeding further please read the disclaimer at the bottom of this write up) Service Tax Rules, 1994 are being amended as follows: A. As per Rule 2 (cd) of STR, 1994, now partnership includes a limited liability partnership. Now it wil
Point of Taxation Rules - Applicability of New or Old rate of Service Tax
Point of Taxation Rules - Clarification is New Fad for CBEC CENTRAL Board of Excise and Customs (CBEC) has issued clarification vides Circular No. 158/9/ 2012ST dated. 8th May, 2012 on the rate of service tax applicable w
Steps for E-Filing of Service Tax Return
W.e.f. 01.10.2011 vide Notification No. 43/2011 Service Tax, dated 25.08.2011 E-filing of Service Tax Returns (ST-3) made mandatory for all Assessees . Here is the steps for e-filing of service tax return Steps for E-Filing of Service Tax Re
Determination of Rate of Service Tax
As rate of Service Tax has increased to 12.36% from existing rate of service tax 10.30% from 01.04.2012 so here I am sharing the point of taxation (POT) in such circumstances which must be considered by assessee while issuing invoice. Service was
Determination of Date of which rate of service tax to be taken
PRECAUTION TO BE TAKEN FOR TAKING RATE OF SERVICE W.E.F 01.04.2012 (Either 10% or 12%) (Before proceeding further please read the disclaimer at the bottom of this write up) With effect from 01.04.2012, rate of service tax has been increased from 10%
Budget changes in service tax relating to Construction Industry
New Definition for Work Contract A new definition for the Work Contract has been introduced through Sec 65B (54) and is as follows: "Works contrac
Reverse Charge Mechanism in service tax-more clarifications
In the Budget-2012-13 under the new Reverse Charge Mechanism in certain services the recipient of the service has been made liable to pay tax instead of service provider. In three of services namely hiring of means of transport, construction and
Lump sum scheme for payment of service tax in works contract
In works contract service lump sum scheme for payment of service tax in a works contract has been introduced by amendment in Rule 2A of the Service Tax (Determination of Value) Rules, 2006 vide Notification No. 11/2012 - Service Tax dated 17-03
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