Articles by Manoj Agarwal

Union Budget 2015 - Clarifications regarding increase in ST rate

Posted by Manoj Agarwal 04 March 2015 19968 Views

Amid huge expectations and challenges facing the economy, the Honble Finance Minister Shri Arun Jaitley has presented his 1st Full-year Union Budget for the year 2015-16 on 28th February, 2015. In his Budget Speech, he has proposed to increase

Service Tax Compliance under Reverse Charge - Proprietorship

Posted by Manoj Agarwal 14 October 2014 25141 Views

1. Freight paid/payable to Goods Transport Agency (GTA)1.1 When does an individual/proprietorship firm is liable to pay service tax under reverse charge?An Individual or a proprietorship firm is liable to take service tax registration and pay servi

Ultra Vires! Rule 5 of Point of Taxation Rules, 2011

Posted by Manoj Agarwal 05 August 2014 19507 Views

1. Levy Vs. Collection of Service Tax - Concept 1.1 In any taxing statute, the statutory provision imposing levy of tax (i.e. the charging section) is of foremost importance. The parliament has levied service tax by enacting the Finance Act, 1994

Service Tax on Rent-A-Cab Service - A Guide

Posted by Manoj Agarwal 21 March 2014 65024 Views

1. Definition and Scope of Rent-A-Cab Service 1.1 What is Rent- A-Cab Service?Rent-A-Cab Service means renting of any motor vehicle designed to carry passengers!!! 1.2 What? I havent heard or read such a definition anywhere?Correct, but let me

Service Tax on GTA - A Guide

Posted by Manoj Agarwal 26 November 2013 187237 Views

1. Service Tax - Introduction It is quite surprising to know that unlike other central taxation laws like Central Excise Act, 1944; Customs Act, 1962; Income Tax Act, 1961; Central Sales Tax Act, 1956; etc; there is no specific act like Service Tax A

Basic Exemption/Rebate under Income Tax - Budget 2013 FAQ's

Posted by Manoj Agarwal 03 March 2013 147002 Views

Income Tax Credit/REBATE of Rs. 2,000 - Detailed Analysis / FAQs Frequently Asked Questions (FAQs) Q1. Whether basic exemption limit for Individuals, HUFs, AOP & BOI under the Income Tax Act, 1961 has been raised

Service tax on CA - Contrary view on Delhi HC decision

Posted by Manoj Agarwal 08 February 2013 20717 Views

Contrary View to Honble Delhi High Court decision quashing Circular No. 154 & 158 with reference to Point of Taxation Rules, 2011 In a recent judgment dated 01-02-2013, the Honble High Court of Delhi, in the case of Delhi Chart

Section 67A - Analysis with respect to Point of Taxation

Posted by Manoj Agarwal 05 February 2013 37762 Views

Section 67A Analysis with respect to Point of Taxation Rules, 2011 Clause 143(H) of Chapter V of the Finance Act, 2012 reads as under: (H) after section 67, the following section shall be inserted, namely:- 67A. The rate of servic