pl join in the discussions for service tax.
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 16 October 2013
Joined....please d
start with any topic...
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 19 October 2013
Ok let's start discussion ...
Let us discuss the various Amendements made by FA, 2012
1.
For the first time the Act now defines the term “Service” which was not defined earlier.
As per Sec 65B Service “means any activity carried out by a person for another for consideration
and includes a declared service but does not include transfer or sale of goods and immovable property and provision of service by employee to employer. All activities other than these will be considered as a “service” liable for service tax
Declared Service means an activity which will amount to service even though the same may not apparantly seems to be a service
Following 9 services have been specfied as Declared Services in Sec 66E
1.Renting of immovable property
2.Construction activity
3.Intellectual Property Rights
4.Information Technology software
5.Non-compete arrangements
6.Supply of goods on hire
7.Hire purchase
8.Works contract
9.Catering
Madhavi
(CA - FINAL)
(1342 Points)
Replied 20 October 2013
what is the sec 73 and sec 78 what is the diff.
CAclubindia
