Service Tax Articles
TCS on sale of Goods and Services
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
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
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
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.
Tax Planning in Krishi Kalyan Cess
Tax Planning in Krishi Kalyan Cess as KKC would be levied @ 0.5% from 1st June 2016
Finance Bill, 2016 enacted: Significant changes in Service Tax effective from June 1, 2016
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
Pursuing with an objective to finance and promote initiatives to improve agriculture and farmer welfare, the Gover
Simplified approach to service tax - Krishi Kalyan Cess
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
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
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
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