Service Tax Articles

Govt exempts certain services from purview of Service Tax

MONISH BHALLA 03 July 2010 at 13:26

The Service Tax department has come out with an exemption bonanza for various sectors ranging from air travel to construction industry. These exemptions will come in effect from July 1, 2010. The services related to air transport of passe

Unending saga of painful journey of litigations

MONISH BHALLA 30 June 2010 at 12:48

With the Goods and Service tax round the corner, the absorption of cascading effect of taxes on input services and goods becomes all the more important. The scope of meaning of the terminology used in the statutory laws creates a major hurdle is s

FAQ on Service Tax on Construction of Residential & Commercial Premises

CA Pradip Shah 30 June 2010 at 12:37

Introduction:1.0 What changes have been effected by the Finance Bill, 2010 with respect to construction of commercial / industrial premises and residential complexes?Following changes have been carried out by the Finance Bill, 2010.1) Del

Service Tax on Healthcare Service

CA. SRIKANTHA RAO T 30 June 2010 at 12:04

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Service Tax on Job Work

deepak K Gujrati 25 June 2010 at 11:04

As per section 65(105)(zzb) of Chapter V of Finance Act 1994 as amended from time to time, taxable service means any service provided or to be provided to a client by any person in relation to business auxiliary service.

Service tax wrongly levied on Interest/Finance charges

Seetharaman K C 24 June 2010 at 10:52

It has come to my notice that several banks are charging service tax on interest and finance charges on credit card payments. In certain cases although the nomenclature is clearly mentioned as “Interest” still the bank has charged servic

Sequence to Uniqueness for Associated Enterprises

Pradeep Jain 23 June 2010 at 11:42

Prepared By:CA Pradeep Jain,CA Ridhi Anchalia andSukhvinder Kaur, LLB [FYIC]Introduction: - Every Finance Act brings with it some new services under the purview of the Service Tax. The Associated Enterprises were also a part of those services that we

Basic understading of service tax

Renuka 21 June 2010 at 13:11

Basically Taxes are of two types those are direct and indirect taxes.

Packaged softwares - Are they completely out of service tax?

CA S.SAIRAM 16 June 2010 at 10:58

PACKAGED SOFTWARES –ARE THEY COMPLETELY OUT OF SERVICE TAX? After a lot of deliberations and conclusions the Service tax department finally issued a circular (No.17/2010 dt.27.2.2010) exempting the packaged or canned software from Service t

Service Tax on GTA - Good deal to the Government?

CA S.SAIRAM 14 June 2010 at 11:31

SERVICE TAX ON GTA: GOOD DEAL FOR THE GOVERNMENT? For quite some time until now, the Government has made the Courts and Tribunal extremely preoccupied ever since the levy of Service tax on Goods Transport Agency. The Intention of the Government