Service Tax Articles

Budget 2010. Highlights of Service Tax

Posted by MONISH BHALLA 28 February 2010 38807 Views

Budget Highlights – Service Tax Rate of tax on services retained at 10 per cent to pave the way forward for GST. Proposals relating to Service Tax are estimated to result in a net revenue gain of Rs 3,000 crore for the year. Proce

Port/Airport Services: At Great Expansion

Posted by Pradeep Jain 28 February 2010 6057 Views

PORT/AIRPORT SERVICES: AT GREAT EXPANSION Prepared By: CA Pradeep Jain, Monu Toshniwal The introduction of Budget 2010 has brought a drastic change in the definition of the Port/Airport services which will definitely expand t

1st Notification of ST - Pay and file electronically

Posted by Gautam Joshi 24 February 2010 6477 Views

New year was greeted by government with a circular on problems faced by Exporter in taking refund. Now they are came with a first notification requiring an assessee to pay ST and file return electronically if his total ST payment (including cash and

Tourism sector: Abatement a major component of service tax

Posted by MONISH BHALLA 18 February 2010 11293 Views

We are engaged in tourism and hospitality industry. We understand that point-to-point journey falls under a different category whereas long trip holidays are governed by another set of principles of service tax which creates confusion. Can we classi

Looking Beyond the Things: Mandap Keeper

Posted by Pradeep Jain 18 February 2010 10039 Views

Looking Beyond the Things: Mandap Keeper This Article is written by:CA Pradeep Jain andSiddharth Rutiya Visit

No entry for Service tax in clubs in certain scenarios

Posted by MONISH BHALLA 11 February 2010 10576 Views

Are all activities of a club or an association covered under the ambit of Service tax or there are certain exclusions to the same? Becoming a member of an elite club is looked upon as a prestige symbol or a style statement; however, the high price ta

Revisions in Service Tax by the Finance Act, 2009

Posted by Member (Account Deleted) 03 February 2010 12358 Views

According to the Finance Act, 2009 following quick sketches were introduced in Chapter V and VA of the Finance Act, 1994 3 new services brought under the service tax net [Section 65]: With effect from September, 2009, service tax has been levied o

Hard nut to crack -Service tax refund claim

Posted by Pradeep Jain 28 January 2010 12439 Views

Hard nut to crack -Service tax refund claim Prepared By:

One circular- many solutions

Posted by Pradeep Jain 14 January 2010 18029 Views

One circular- many solutionsPrepared By:-CA Pradeep JainSukhvinder Kaur, LLB (FYIC)& Siddharth RutiyaVisit us at www.capradeepjain.com Introduction: -The concept of service tax which was introduced in the year 1994 is still evolving. There are a

Service Tax Simplified: SCREENING OF TAXES FOR CINEMA GOERS

Posted by MONISH BHALLA 15 January 2010 11061 Views

As cinema theaters owner, are we liable to pay Service Tax on screening of film?The cost to a service recipient has increased in recent past on account of the tax burden which is passed on to the end-user. In a country where more than half the popula