Service Tax Articles

Works Contract under Service Tax- How to make it work?

Posted by CA Pradip Shah 05 July 2008 17635 Views

[This article appeared in “Taxmann’s Service Tax Today” Vol. 8 Part 8 dt. 22-6-2007] Works Contract under Service Tax- How to make it work? By CA. Pradip R Shah e-mail: pradip_shah@vsnl.com Overlapping of Services1.0 One of th

Clinical Trial - From Frying Pan to ....

Posted by CA Pradip Shah 04 July 2008 14311 Views

[This article appeared in Taxmann’s “Service Tax Today” Vol. 7 Part 4 dt. 23-3-2007] Budget 2007-08: Clinical Trial - From Frying Pan to ……CA. Pradip R Shah[Executive Summary: Is proposed exemption to clinical trial o

Cenvat credit on mobile phones

Posted by CA Praveen Chopra 26 March 2008 11697 Views

CENVAT Credit on Mobile Phones[Submitted by CA Praveen Chopra,Gandhidham,Gujarat]March 25, 2008Cenvat Credit is allowed to output service provider in respect of service tax paid on input services, which are consumed in providing output service.It is

Rights in Raid

Posted by CA Praveen Chopra 26 March 2008 19220 Views

DREADING A SEARCH: KNOW YOUR RIGHTSFor the revenue intelligence agencies, search is a powerful instrument to gather evidence against tax evaders. In fact, given the magnitude of tax evasion in the country, searches are conducted almost everyday by on

FAQ ON CENVAT

Posted by CA Praveen Chopra 26 March 2008 22686 Views

CENVAT FAQWhat is CENVAT Credit?Cenvat Credit is a scheme where the manufacturers or the output service providers are allowed a set off of the taxes paid on the inputs or the input services that are used while manufacturing the final products or prov

Story of riches and revenue sharing

Posted by Ritesh.D.jain 28 February 2008 3916 Views

WITH two years to go for the introduction of a common goods and services tax (GST) in the country, the UPA government may not have sweeping changes in the service tax regime in the coming Budget. Ideally, the government ought to bring the tax rate on

service tax amendments

Posted by harinath 22 February 2008 10089 Views

AMENDMENTS TO THE CENTRAL SALES TAX ACT,1956 BYTHE TAXATION LAWS (AMENDMENT) ACT, 2007The Taxation Laws(Amendment) Act, 2007 which has made several changes in the CST Act, 1956, came into force on 1st April, 2007. The rate of CST hasbeen reduced from

Valuation under service tax

Posted by CA Praveen Chopra 17 February 2008 24937 Views

Valuation under Service Tax[Submitted by CA.Praveen Chopra.,B.com, ACA,Gandhidham,Gujarat]February 18, 2008The issue of valuation is important and critical factor for every taxing law. Since the tax or duty is payable on the value adopted with the ef

FAQs ON SERVICE TAX

Posted by Garima 23 January 2008 10154 Views

F. A. Qs on Service TaxQ.1) What is Service Tax ? Ans. The Service Tax is an indirect tax levied on certain services provided by certain categories of persons/firms/agencies. Service Sector which had represented nearly 35-40% of GPD had remained unta

Liability of Service Recipient- An overview

Posted by Supreme Kothari 21 January 2008 13091 Views

Liability of Service RecipientAn overview The birth of Import of Services under the Finance Act, 1994 has been rather a silent incursion. The liability imposed on the receiver of a taxable service, in certain cases, where the provider of ta