Eligibility of Cenvat Credit on Input Service Debit Notes – An Analysis of Relevant...
Cenvat Credit is always subjected to many queries, restrictions and ambiguities regarding its eligibility on both the legal and documentary (physical) end. In such...
Success of VCES? … Way Forward!!
Indeed if you believe by the recent press release of Ministry of Finance, VCES has been a mega success. Upto 29-12-2013 the revenue had...
Levy of service tax on services provided by a Resident Welfare Association (RWA) to...
Service tax on ‘club or association service’ which covers Resident Welfare Association (RWA) was introduced with effect from 16.06.2005, vide section 65(105)(zzze) read with...
TDS not to be deducted on the amount payable on account of Service Tax:...
No TDS on Service tax Component If Seperately Charged on Invoice. - CBDT Circular 1/2014 dated 13.1.2014
CBDT has come home after 6 Yrs of Circular...
Works Contract Service v. Technical Assistance :- Service Tax
Works Contract Service v. Technical Assistance :- Service Tax
In case of MRS SHOBHA P BHOPATKAR Versus COMMISSIONER OF CENTRAL EXCISE, PUNE-III 2014 (4) TMI 956...
Service Tax and VAT on Software
Softwares due to its very inherent nature of intangibility & deliverability have always been a matter of grey area for tax professionals and trade....
Budget 2014:- Service Tax & Cenvat (Changes & Proposals)
The hon’ble Finance Minister has, while presenting the Union Budget 2014-15,introduced the Finance (No.2) Bill,2014 in the Lok Sabha on the 10th of...
ADVERTISEMENT WILL SOON BE A COSTLY AFFAIR – Impact of Service Tax Changes
ADVERTISEMENT WILL SOON BE A COSTLY AFFAIR – Impact of Service Tax Changes
The government has got a new source of revenue now. Advertisement is...
6 Months Cenvat Limitation Era– Begins from 1.9.2014–Few Important Alerts you must Know
Notification No. 21/2014-C.E. (N.T.), dated 11-7-2014 issued pursuant to recent budget provides for inserting proviso under Rule 4 of the Cenvat Credit Rules, 2004 ...
Service Tax Exemption for Specified Religious Pilgrimage Services
In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being...
Delhi International Airport Private Limited faces alleged service tax evasion charge of Rs 60...
It is alleged that DIAL, operator of Indira Gandhi International Airport (IGIA), evaded service tax on the licences fee and development charges collected by...
Events, Parties & Assessees–Currently under Service Tax Scanner..
The next time you organise a grand function, be ready to face the taxman. The Central Board of Excise & Customs (CBEC) has directed...
GST – Amma wants Independent compensation mechanism for revenue losses suffered by States
P.R. No. 461, Date:11.09.2014
PRESS RELEASE
Text of the D.O. letter dated 10.9.2014 addressed by Selvi J Jayalalithaa, Hon’ble Chief Minister of Tamil Nadu to Shri Arun...
New Annual Tax Return proposed to PLUG Excise, Service Tax Evasion
"The new return will not in any way increase the burden on the assessee”
The government plans to introduce a new annual tax return that...
Updates that Matters – UTM #14
Dear all,
Please find below the “Updates that Matter (UTM # 14)”,
Ø Central Excise: - CBEC clarificatory circular on quantum of pre-deposit for appeal. A sigh of...
Service tax on online order for eatables is illegal’
Service tax is supposed to be levied when someone uses the services while eating or drinking in a restaurant or hotel.
But what if you order...
Service tax might push school fees up
CHENNAI: School fees are likely to rise further if the institutions pass on the 12.36% service tax burden charged by third parties that provide content aids to schools.
The...
Refunds Under Central Excise & Service Tax–Only by ECS (NEFT/ RTGS)–Accounts Payee Cheque Scrapped
CLARIFICATION ON PAYMENT OF SANCTIONED REBATE/REFUND TO SERVICE PROVIDER/MANUFACTURER UNDER ELECTRONIC CLEARING SYSTEM THROUGH RTGS/NEFT FACILITY
TRADE NOTICE NO.4/2014-ST,DATED 29-7-2014
The present system of issuing account...
Service tax: Pre-Deposit of penalty under Section 35F is Required only if penalty order...
Section 35 F Deposit, pending appeal, of duty demanded or penalty levied under Chapter VIA Appeals of the Central Excise Act, 1944 says that:
“Where...
Google Paying Service Tax, How Come Facebook Exempt ??
Delhi High Court has asked the Centre why Facebook was not paying service tax when Google was and, unsatisfied with the government’s response, asked...
Service Tax on Transfer of Development Rights of Land – A Detailed Legal Analysis
Service Tax on Transfer of Development Rights of Land – A Detailed Legal Analysis
by CA Ankit Gulgulia (Jain)
Service tax legislation has seen a lot...
Service Tax Delhi Commissionerate is Now Split up to Four Commissionerates, 20 Divisions and...
Service Tax Commissionerate (Delhi) has been split up into 4 Commissionerates , 20 Divisions and 100 Range Offices. The locations of these is yet...
CBEC :- Recredit of Cenvat not covered under 6 Months Limitation
Attention is invited to the Notification of the Government of India in the Ministry of Finance, Department of Revenue No. 21/2014-CE (NT) dated 11.07.2014,...
Central Excise & Service Tax Summons not to be issued to Senior Management Officials...
Central Excise & Service Tax Summons not to be issued to Senior Management Officials in Ordinary Instance
By CA Ankit Gulgulia (Jain)
In what could...
New Procedure for Service Tax Registration–ST Circular dated 28.2.2015
The legal provisions for registration in service tax are contained in section 69 of the Finance Act, 1994, rule 4 of the Service Tax...
What’s Changing in Service Tax & Cenvat Credit w.e.f 1.4.2015–by CA Ankit Gulgulia (Jain)
1. Rationalization of exemptions at S. Nos. 12, 14, 16, 20, 21 and 29 of notification No. 25/2012-ST
Service Tax rate shall remain to be at...
CBEC Clarification on Increased Rate of Service Tax on Restaurants
Subject: Clarification on rate of service tax on restaurant service - regarding.
The Service Tax rate has been increased to 14% with effect from 1st ...
Guidelines regarding detailed scrutiny of Service Tax Returns (ST-3) w.e.f. 01/08/2015
1.1 In the era of self-assessment, the need for a strong compliance verification mechanism cannot be over emphasized. Such a mechanism has three important...
Digital India and Indirect Taxes
By Sujeet Sehgal | sujeetshegal@gmail.com
With the advent of Digital India, as and when our PM talks about to make a digital India, the pace...
Revised Guidelines on Conducting Manual Scrutiny of Service Tax Returns to come into Operation...
The Central Board of Excise and Customs had issued detailed guidelines in 2009 to its field formations on conducting detailed manual scrutiny of service...