Lawyers, Law firms must pay service tax to biz clients - Bombay HC
Posted Date : 17-Dec-2014 , 09:17:57 am | Posted By CASANSAAR
The Bombay High Court has upheld the levy of service tax on services provided by lawyers and law firms, to their business clients. Thus, business entities who hire lawyers and law firms will have to continue to pay service tax and also deposit it with the government.&nb...
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Service Tax |
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Service Tax rules for Audit of companies have been tightened
Posted Date : 11-Dec-2014 , 08:46:04 am | Posted By CASANSAAR
The service tax rules for audit of companies have been tightened by making the access to registered premises of the assesses and reports more rigid and discretionary for the tax officers.
In a recent amendment made by the department, the time limit given for the assesses to submit i...
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Service Tax |
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Court warns Service Tax dept against filing Frivolous Pleas
Posted Date : 02-Dec-2014 , 08:33:32 am | Posted By CASANSAAR
A Delhi court has warned Service Tax department against filing "frivolous" and "vexatious" petitions against individuals and wasting the precious time of court and money of common people.
Additional Sessions Judge Lokesh Kumar Sharma pulled up the department while rejecting its...
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Service Tax |
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No service tax on food sold at air-conditioned restaurants: HC
Posted Date : 09-Nov-2014 , 08:05:57 am | Posted By CASANSAAR
You won't have to pay extra tax for food and beverages you consume from either an air-conditioned restaurant or from an air-conditioned restaurant run alongside a bar.
Bringing relief to customers, who otherwise would've had to pay 12.36% service tax on 40% of the total bill amount, a division benc...
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Service Tax |
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CBEC extend due date for filing of S.Tax Return from 25th October to 14th November, 2014
Posted Date : 24-Oct-2014 , 09:16:04 pm | Posted By CASANSAAR
F.No.137/99/2011-Service Tax
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
***
New Delhi, the 24th October, 2014
ORDER NO. 02/2014-SERVICE TAX
In exercise of the powers conferred by sub-rule (4) of rule 7 of the Se...
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Formation of new Commissionerates following the implementation of Cadre Restructuring in CBEC
Posted Date : 16-Oct-2014 , 07:45:47 am | Posted By CASANSAAR
The Central Board of Excise and Customs has implemented the cadre restructuring of the Indirect Taxes formations, with effect from 15th October 2014. The restructuring of formations is aimed creating larger number of compact commissionerates, by reorganizing the existing commissionerates.
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Service Tax |
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0 | Hits : 484
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Money transfer from abroad in Service Tax Net
Posted Date : 15-Oct-2014 , 08:56:04 am | Posted By CASANSAAR
The Centre on Tuesday decided to garner revenue by indirectly levying service tax on NRI remittances, a move that will eat into the earnings of lakhs of NRIs who regularly send money back home.
In a circular issued by the Central Board of Excise and Customs (CBEC), the government said banks and fin...
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Service Tax |
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Tax Department to publish list of Service Tax defaulters
Posted Date : 06-Oct-2014 , 08:54:29 am | Posted By CASANSAAR
The revenue authority plans to prepare a list of service tax defaulters and publish it. This is part of the arrear recovery plan for all indirect taxes, such as customs duty, excise duty and service tax.
“In service tax law, provision is available for publication of the names of defau...
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Service Tax |
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SC's coal verdict: Banks to approach RBI for restructuring assets
Posted Date : 30-Sep-2014 , 08:18:15 am | Posted By CASANSAAR
Acknowledging that the Supreme Court order on mass cancellation of coal block licences may impact banks' asset quality, Financial Services Secretary G S Sandhu said yesterday that banks will approach RBI for restructuring such assets. Speaking to media persons in Mumbai yesterday Sandhu said, e...
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Service Tax |
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FinMin clears the air on service tax levy on joint ventures
Posted Date : 26-Sep-2014 , 07:41:13 am | Posted By CASANSAAR
The Finance Ministry has made it clear that 'taxable services' provided by members of a joint venture to a JV and vice-versa will attract service tax.
This will be the case when the 'taxable services' are provided for consideration, the Finance Ministry had said in a circular on Wednesday.
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Service Tax |
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Kerala High Court upholds service tax on overseas remittances
Posted Date : 07-Sep-2014 , 10:11:37 am | Posted By CASANSAAR
The Kerala High Court has held that service tax can be levied on the fees and commissions charged by banks for converting overseas remittances into rupees, a ruling that is seen as a setback for exporters. While dismissing a writ petition filed by Palm Fiber, a Kerala-based manufacturer and exp...
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Service Tax |
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0 | Hits : 489
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Service tax dept may spoil your grand Party
Posted Date : 13-Aug-2014 , 07:48:54 am | Posted By CASANSAAR
The next time you organise a grand function, be ready to face the taxman. The Central Board of Excise & Customs (CBEC) has directed its officers to check for tax evasion by keeping an eye on events which receive wide media coverage, such as an ostentatious wedding or other such functions.
Usual...
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Service Tax |
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0 | Hits : 927
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New intelligence units, 800 personnel to check Service Tax evasion
Posted Date : 07-Jul-2014 , 08:19:31 am | Posted By CASANSAAR
The Finance Ministry has cleared creation of new intelligence units across the country and appointment of over 800 personnel to check any leakage in its earnings from the indirect tax.Anticipating increase in service tax revenue, the ministry has also decided to restructure Directorate General of Ce...
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Service Tax |
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Service tax could be hiked to 14% from 12% in Union Budget
Posted Date : 04-Jul-2014 , 11:22:55 am | Posted By CASANSAAR
Service tax could be hiked to 14 per cent in the forthcoming Budget from 12 per cent in order to mobilise more resources to curtail the fiscal deficit, according to sources.
If the government passes the proposal , all services, with the exception of the 40-odd that figur...
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Service Tax |
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Download ST3 Return Utility for Oct to Mar 14 Service Tax Return Filing
Posted Date : 01-Apr-2014 , 08:18:34 am | Posted By CASANSAAR
Service Tax Return (ST-3) for the period Oct,13 -March,14 is now available for e-filing by the assessees in both offline and online version. The last date of filing the ST-3 return for the said period is 25th April, 2014. However, to avoidcongestion and inconvenience in the last ...
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Service Tax |
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ACES Service Desk to work for extended hours on all Saturdays till 25th April 14 and on on last Sunday i.e. 20-04-2014
Posted Date : 01-Apr-2014 , 07:59:26 am | Posted By CASANSAAR
In case of any difficulty in accessing the ACES Application or in filing the ST-3 returns, the assessees can seek help of the ACES Service Desk by sending e-mail to aces.servicedesk@icegate.gov.in or calling up National Toll-free number 1800 425 4251.
In general, the Service Desk...
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Service Tax |
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Tulip Telecom’s CMD arrested for alleged service tax evasion
Posted Date : 22-Mar-2014 , 09:32:12 am | Posted By CASANSAAR
The Chairman-cum-Managing Director (CMD) of a telecom firm here has been arrested for allegedly evading service tax of about Rs 32 crore.
A case has been registered against Tulip Telecom Ltd for non-payment of service tax, official sources said.
Investigations by Delhi Service Tax ...
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Service Tax |
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0 | Hits : 682
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CBEC Denies any Holding of Customs, Excise Duty and Service Tax Refunds/Drawbacks
Posted Date : 12-Mar-2014 , 08:35:21 am | Posted By CASANSAAR
The Central Board of Excise and Customs (CBEC) has denied the report that the Customs, Excise Duty and Service Tax refunds/drawbacks are being held-up by the Department. This was mentioned in a certain section of media attributing to a statement by President, Federation of India Export Organisa...
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Service Tax |
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0 | Hits : 482
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Rs 3.5 crore service tax evasion charge against 'Nirmal Baba'
Posted Date : 24-Feb-2014 , 08:34:00 am | Posted By CASANSAAR
'Daswand' — or the receiving of donations of one-tenth of a devotee's earning — has landed self-styled spiritual guru Nirmal Babain trouble with a notice having been slapped on him for alleged service tax evasion of Rs 3.5 crore.
The central excise department issued the notice on t...
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Service Tax |
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Central Excise Deptt.asks BJP to Pay service tax on Modi rally tickets
Posted Date : 18-Feb-2014 , 10:34:23 pm | Posted By CASANSAAR
In a curious notice to BJP, the Central Excise Department has demanded payment of service tax by BJP on tickets for entry to its Prime Ministerial candidate Narendra Modi’s rallies.
Directorate General of Central Excise Intelligence (DGCEI), Ludhiana wing, has shot off a letter to BJP...
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Service Tax |
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SC asks Centre to explain service tax on Tirupati trust
Posted Date : 15-Feb-2014 , 08:13:04 am | Posted By CASANSAAR
The Supreme Court on Friday decided to examine whether the services rendered by the Tirumala Tirupati Devasthanams to pilgrims, including accommodation and sevas, would come within the purview of service tax.
Issuing notice on a writ petition filed by the TTD, a Bench of Justices A.K. Patna...
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Service Tax |
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Delhi Service Tax Commissionerate Arrests CFO of an Aviation Company for Evasion of Service Tax
Posted Date : 20-Jan-2014 , 07:57:39 pm | Posted By CASANSAAR
A Chief Financial Officer (CFO) of a Delhi-based aviationcompany has been arrested for allegedly evading service tax of over Rs 1 crore.
The firm, which was providing helicopter chartering services, had not paid its service tax liabilities for 2012-13 and 2013-14. It has ...
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Service Tax |
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Service tax applicable on transport, storage of Rice, Cotton
Posted Date : 20-Jan-2014 , 08:43:58 am | Posted By CASANSAAR
The prices of rice and cotton that's ginned and baled are likely to rise as their transport and storage have been deemed ineligible for exemption from service tax by the finance ministry. They are not on the negative list of items on which 12.36% service tax doesn't have to be paid, finance min...
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Service Tax |
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0 | Hits : 800
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Service tax amnesty scheme yielded around Rs 7,700 Cr
Posted Date : 16-Jan-2014 , 09:17:36 pm | Posted By CASANSAAR
The service tax amnesty scheme has yielded around Rs 7,700 crore to the exchequer, a top finance ministry official said.
The Voluntary Compliance Encouragement Scheme (VCES) that was launched on May 10, 2013 to enable service tax defaulters to pay dues without penalty or late payment charge...
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Service Tax |
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Service tax department finds several banking services taxable on scrunity
Posted Date : 16-Jan-2014 , 08:57:08 am | Posted By CASANSAAR
The Department of Service tax has found several banking services taxable on scrutiny following the negative list of services.
According to officials close to the development, some of the contentious issues are availing tax credit for payment of premium for insuring deposits...
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Service Tax |
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Law making, fraud fighting marks 2013 as a watershed year for MCA
Posted Date : 01-Jan-2014 , 08:27:21 am | Posted By CASANSAAR
After fighting numerous frauds in 2013 and changing the way lakhs of corporates function and are regulated, the Corporate Affairs Ministry is looking at the new year to ensure right execution of new companies law and initiatives aimed at safeguarding interest of investors.
"The real challenge...
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Service Tax |
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Govt. says no extension of VCES, warns of stern action against service tax evaders
Posted Date : 30-Dec-2013 , 02:00:01 pm | Posted By CASANSAAR
The Finance Ministry has warned stern action against service tax evaders from January 1 since the service tax Voluntary Compliance and Encouragement Scheme (VCES) is coming to end on December 31.
“I would like to advise that from January 1, 2014, stern action will be taken against ser...
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Service Tax |
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Service tax offices to remain open on Dec 28-29
Posted Date : 27-Dec-2013 , 10:13:13 pm | Posted By CASANSAAR
All offices handling service tax will remain open tomorrow as well as the day after (Sunday) to avoid last minute for rush those who want to avail the benefit of one time service tax amnesty scheme.
The last date for filing declaration under Voluntary Compliance Encouragement Scheme (VCES...
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Service Tax |
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Over 300 times increase in service tax revenue in two decades
Posted Date : 25-Dec-2013 , 06:34:19 pm | Posted By CASANSAAR
Revenue from service tax, which has become a new focus area for Finance Ministry, has grown up substantially by over 300 times in past about two decades. The Finance Ministry has earned revenue of about Rs 1.32 lakh crore in 2012-13 (provisional figures) compared to Rs 407 crore in 1994-95, acc...
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Service Tax |
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0 | Hits : 303
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Chandigarh Housing Board declares highest service tax under VCES
Posted Date : 24-Dec-2013 , 08:35:05 am | Posted By CASANSAAR
Government owned Chandigarh Housing Board (CHB) has declared highest service tax of Rs 9.6 crore under Centre's VCES, with total tax of Rs 68 crore being declared by defaulters in Punjab, Chandigarh and Himachal Pradesh. As Service Tax Voluntary Compliance Encouragement Scheme (VCES) gives an o...
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Service Tax |
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