Service Tax Articles
Cenvat Credit on Construction, Repairs & Works contract Services
IntroductionCenvat Credit is a beneficial scheme wherein the duty paid at earlier stage on inputs and input se
Service Tax Implications of Plotted Development
CA Madhukar N. Hiregange&CA Roopa Nayak In this article we would examine what would be the effect of some services activity conducted in the course of a sale of immovable property in general and development of plots in particular. Conse
No Service Tax Audit by the Service Tax Department or CAG
We are sharing with you an important judgement of the Hon�ble Delhi High Court in the case of Mega Cabs Pvt. Ltd. Vs. Union of India And Ors [2016-TIOL-1061-H
Facing Summons under Central Excise / Service tax
CA Madhukar N.Hiregange & CA Roopa Nayak BackgroundThe issuing of summons under central excise or service tax is viewed with a lot of fear due to lack of awareness and uncertainty by assesses. Under Section 14 [applicable in service tax vide sect
New Taxes Imposed by Indian Government - Krishi Kalyan Cess
Krishi Kalyan CessThis June, the cost of services is going up. Govt. of India on 30th of May 2016, announced a new tax on all the taxable services. The new tax is Krishi Kalyan Cess of 0.5 percent which will be applicable from 1st June. This will mak
Krishi Kalyan Cess - FAQs
FAQ on Krishi Kalyan Cess KKC to be levied at 0.5% on the value of all taxable services w.e.f June 1, 2016
No Krishi Kalyan Cess on debtors as on 13th May 2016 - Part 2
The enabling provisions for KRISHI KALYAN CESS (KKC) are contained in Chapter � VI of Finance Act� 2016. As per the provisions, KKC shall be applicable at 0.5% on all taxable services and the proceeds of KKC would be exclusively used for
Rates of service tax in case of Reverse Charge w.e.f. 01.06.2016
Service Tax under reverse Charge On or After 01.06.2016 CA M ASIF FAROOQUI Sl. No. Service Abatement if any Effective ST Rate (including SWC & KKC) % payable by service provider
Krishi Kalyan Cess - Applicability & Open Issues
Pursuing with an objective to finance and promote initiatives to improve agriculture and farmer welfare, the Government announced a new cess namely �KrishiKal
Few aspects of Krishi Kalyan Cess (KKC)
New levy Krishi Kalyan Cess aka KKC applicable from 01.06.2016 @ 0.5% on value of all taxable service (thus effective rate of ST increases from 14.5% to 15%).
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