Service tax
This query is : Resolved
RENGARAJ R.K
(Expert)
26 June 2012
Lot of changes have come with effect from 01.07.12. First of all
1) All services are taxable except that is listed in the negative list
2) You have to see the abatement available for your serices
3) There is reverse charge mechanism, that is- certain services are brought for payment of service by service provider and service receiver % wise.
4) Monthly payment for those who paid tax more than Rs.25 lacs in last year
5) One page Monthly return for companies
and more changes........
1) All services are taxable except that is listed in the negative list
2) You have to see the abatement available for your serices
3) There is reverse charge mechanism, that is- certain services are brought for payment of service by service provider and service receiver % wise.
4) Monthly payment for those who paid tax more than Rs.25 lacs in last year
5) One page Monthly return for companies
and more changes........
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Import of Software Service.
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- TDS on Fixed Assets purchased
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- GST on Renting godown to KFCSC for Storage of Raagi
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
