Service Tax Articles

TCS on sale of Goods and Services

Posted by CA MOHIT SINGHAL 24 May 2016 23475 Views

Section 206CTax Collected at Source:�TCS is the Tax Collected at Source by the seller (collector) from the buyer(collectee)�. Every person, being a seller, shall collect tax at source (TCS) from the buyer of goods specified in section 206

Principles emerging from recent Advance Rulings on the term 'Intermediary' under Place of Provision of Services Rules

Posted by Rishabh 24 May 2016 3822 Views

The Place of Provisions of Service (POPS) Rules, 2012 is the thin line which divides taxability and non-taxability under the Service Tax Law. These rules were aimed to consolidate the endlessly dispute on the Export of Services and Import of Service

Cost sharing by companies and service tax

Posted by CA Roopa Nayak 24 May 2016 16934 Views

BackgroundA group company could procure resources such as server space, software licenses, office space and various other facilities from vendors. When a company say Co Aof Karnataka procures such

Impact of Krishi Kalyan Cess - Service tax

Posted by CA Roopa Nayak 23 May 2016 32545 Views

Krishi Kalyan Cess Service tax rate has been proposed to increase from 14.50% to 15% from 1st June to finance and promote initiatives to improve agriculture.

Finance Bill, 2016 enacted: Significant changes in Service Tax effective from June 1, 2016

Posted by Bimal Jain 17 May 2016 23310 Views

The Hon�ble Finance Minister Shri. Arun Jaitley presented the Union Budget for 2016-17 on February 29, 2016 in the Lok Sabha.

Effective Rate of Service Tax under Abatement, Reverse Charge and Valuation Rules after introduction of KKC

Posted by Bimal Jain 17 May 2016 17312 Views

Pursuing with an objective to finance and promote initiatives to improve agriculture and farmer welfare, the Gover

Tax Planning in Krishi Kalyan Cess

Posted by Karan Sahi 17 May 2016 22269 Views

Tax Planning in Krishi Kalyan Cess as KKC would be levied @ 0.5% from 1st June 2016

Simplified approach to service tax - Krishi Kalyan Cess

Posted by CA Raman Singla 17 May 2016 11810 Views

SIMPLIFIED APPROACH TO SERVICE TAX - KRISHI KALYAN CESS - CHAPTER VI OF FINANCE ACT� 2016BUDGET SPEECH(�152. I propose to impose a Cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services, proceeds of which would be exclusively

Pre-registration credit for manufacturers and service providers

Posted by CA Roopa Nayak 17 May 2016 7612 Views

BackgroundIn order to start new business operations in any sector, the project costing has to factor in the indirect taxes.Basic Customs Duty(BCD), Excise duty and Countervailing duty[CVD], 3% Customs Cess and 4% Special Additional duty(SAD)are paid

Service Tax - Settlement of cases

Posted by CA Neha Gupta 14 May 2016 10195 Views

Service tax which is an indirect tax is no more far from us. We all pay Service tax on services received. The scope has been widened by introduction of negative list and presently almost all services are covered under the tax provisions.Like, direct