Service Tax Articles
Points of taxation rules pre and post amendment - analysis
Amended Rule Point of Taxation Rules Pre Amendment Point of Taxation Rules Post Amendment 7 This rule provided for determination of point o
Issues in proposed new services for tax by Budget 2011
Service Tax Budget Updates 2011 Proposed New Services Restaurant Service The service provided by a restaurant in relation to serving of food and beverages (including alcohol) to any person has been bought into the tax net. The service tax wo
Point of Taxation Rules - Pain of Taxation? Part - I
Point of Taxation Rules Pain of Taxation? Part - I By CA. Pradip R Shah pradip@pradiprshah.com Introduction 1.0 In the arena of Central Excise (CE) and Value Added Tax (VAT), principles regarding levy of tax has been settled since
Existing scheme for levy, assessment & collection Service Tax
Existing scheme for levy, assessment & collection of Service Tax in India Levy and assessment Service tax is levied on specified services and the responsibility of payment of the tax is generally cast on the service provider but for
Point of Taxation - Illustration
Determination of Point of Taxation in accordance with Rule 3 of the Point of Taxation of Rules , 2011 Date of Providing Service Date of Invoice Date of Payment Status
Budget 2011 It is Taxing
BUDGET 2011 It is Taxing The Finance Minister Mr. Pranab Mukherjee presented the Union Budget for the Financial Year 2011-12 on 28th February 2011. Many changes such as payment of service tax on accrual basis, making new services t
Point of Taxation Rules - An example
I have a dry cleaning business. I pay service tax. So far I have been paying service tax on the amounts collected in a particular month by 5 th of next month. It was easy and going on smoothly. I was told that this method of payment of service tax h
Ups and Downs of Service Tax on Goods Transport Operators
Ups and Downs of Service Tax on Goods Transport Operators Prepared By: CA Pradeep Jain and CA Preeti Parihar INTRODUCTION:- Though no one can go back and make a brand new start, anyone can start from now and make a brand new ending&
Cenvat Credit - Budget Impact
Cenvat Credit- Budget Issues and Impact By Madhukar.N.Hiregange, FCA Cenvat Credit Rules Amendment in Finance Act 2011 The definition of &lsq
Pay or Die!
Pay or Die! (Service Tax on Medical Care): Sweets are dead against for diabetics hence the budget 2011 has brought bitters so that nothing to worry except of paying more tax. Any service provided or to be provided to any person by a clinic
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