Service Tax Articles

Analysis of amendments in service tax by finance bill 2016

Posted by PUNEET GOYAL 24 June 2016 12722 Views

Important Note 1. This analysis covers amendments made by Finance Bill 2016 in Finance Act, 1994 only. 2. Amendments made in STR, CCR, POT Rules and in various notifications are not covered under this analysis

Relevant date for export of service

Posted by SHILPA GUPTA 24 June 2016 8972 Views

What is relevant date for claiming refund for export of service??A 100% exporter of service is generally unable to utilise the CENVAT Credit balance of inputs, input service and capital goods lying in his books and accordingly claims refund as per Ru

Service Tax RCM on works contract

Posted by Pankaj Gandhi Jaiswal 24 June 2016 105185 Views

Date : 19.03.2016M/s. ABC LLP ( Service Provider )M/s. XYZ Limited ( Service Recipient ) Ref: Service Tax on Works Contract and RCM Opinion Before giving opinion on the issues it will be useful to refer the questions related with this transaction. A

Mobile accessories turns expensive

Posted by Pradeep Jain 24 June 2016 5852 Views

Introduction:-With the hype created regarding implementation of revolutionary taxation reform, i.e., GST in the financial year 2016-17, the government attempted to mentally prepare the assessees as regards substantial reduction in the exemptions avai

No KKC if invoice is raised and services are rendered on or before May 31, 2016

Posted by Bimal Jain 24 June 2016 11801 Views

Central Government vide Notification No. 35/2016-ST dated June 23, 2016, has exempted taxable services

Reverse Charge Mechanism under Service Tax

Posted by Shubham Gupta 17 June 2016 35312 Views

This reverse charge mechanism was first introduced from 01-01-2005 on 4 services namely telecommunication service, general insurance business, insurance auxiliary service, Goods Transport Agency services Reve

Any services provided by Government to a Business Entity chargeable to ST

Posted by Bimal Jain 17 June 2016 10601 Views

The Central Government has issued 3 important Notifications, dated April 13, 2016 to limit the scope of the Governmental services, which have been brought to Service tax under Reverse Charge w.e.f. April 1, 2016.

Few aspects of Krishi Kalyan Cess (KKC)

Posted by Bavesh Kumar Jain 16 June 2016 23793 Views

New levy Krishi Kalyan Cess aka KKC applicable from 01.06.2016 @ 0.5% on value of all taxable service (thus effective rate of ST increases from 14.5% to 15%).

Impact of Krishi Kalyan Cess - Service tax

Posted by CA Roopa Nayak 16 June 2016 32551 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.