Service Tax code verification online
Posted Date : 13-Aug-2015 , 02:24:40 pm | Posted By
Nimisha
Service tax code verification can be done online using simple 3 steps. It is helpful to determine the genuineness of the party whom we are paying service tax. Here, we have explained the manner of verification of service tax number and basics of service tax number.
SERVICE TAX CODE VERIFICA...
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Category : Service Tax |
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2 | Hits : 2407 |
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Revenue Neutrality
Posted Date : 30-Jul-2015 , 12:29:22 pm | Posted By
Puneet Gupta
Piramal Healthcare Ltd Vs CCE&ST, Indore -2015(38)STR 1162(Tri-Del)
In this case, the appellant was required to pay Service Tax under reverse charge mechanism. After that they have paid the Service Tax in time, same was available to them as Cenvat Credit. By not paying the Service T...
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Category : Service Tax |
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0 | Hits : 573 |
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GST Knowledge Series #3: GST Rate; An Unresolved Issue
Posted Date : 29-Jul-2015 , 03:20:00 pm | Posted By
Chitresh
One of the crucial issue for successful implementation of GST relates to the determination of the GST rate. Since the GST is primarily intended as an exercise in reforming the consumption tax in India and not an exercise for additional resource mobilisation through discretionary changes, the CGST an...
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Category : Service Tax |
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0 | Hits : 619 |
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CBEC issues guidelines for detailed manual scrutiny of ST-3 Returns w.e.f. August 1, 2015
Posted Date : 08-Jul-2015 , 06:00:47 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, CBEC issues guidelines for detailed manual scrutiny of ST-3 Returns w.e.f. August 1, 2015 Background: The Central Board of Excise and Customs (“CBEC” or “the Board”) vide Circular No. 113/07/2009-ST dated April 23, 2009 had laid down the proced...
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Category : Service Tax |
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0 | Hits : 903 |
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Rejection Order passed by Designated Authority under VCES is appealable
Posted Date : 01-Jul-2015 , 03:14:19 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Rejection Order passed by Designated Authority under VCES is appealable We are sharing with you an important judgement of the Hon’ble High Court of Madras in the case of the Narasimha Mills Pvt. Ltd. Vs. the Commissioner of Central Excise (Appeals) and the Assist...
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Category : Service Tax |
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0 | Hits : 581 |
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Service Tax - Some Important judgment of Service Tax
Posted Date : 18-Jun-2015 , 11:55:21 am | Posted By
CA Bimal Jain
Dear Professional Colleague, We are sharing with you some important judgment of Service Tax on the following issue: 1. Refund admissible even when services were not notified on the date of export but were duly notified on the date of claiming refund ​Fazlani Expor...
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Category : Service Tax |
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0 | Hits : 936 |
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Service Tax - Some Important judgment of Service Tax
Posted Date : 11-Jun-2015 , 07:32:12 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, We are sharing with you some important judgment of Service Tax on the following issue: 1. Method of computation of value U/R 6(3A) of the Credit Rules in respect of Input services used for trading cannot be applied for period prior to April 1, 2011 – Value ...
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Category : Service Tax |
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0 | Hits : 1719 |
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ANALYSIS OF RCM FOR MANPOWER SUPPLY SERVICES OR SECURITY SERVICES 31.05.15
Posted Date : 31-May-2015 , 11:14:34 pm | Posted By
Puneet Goyal
ANALYSIS OF REVERSE CHARGE MECHANISM IN RESPECT OF MANPOWER SUPPLY SERVICES OR SECURITY SERVICES DATED 31.05.2015 (Before proceeding further please read the disclaimer at the bottom of this write up) As we all know that after introduction of negative list approach, in respect of above ...
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Category : Service Tax |
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1 | Hits : 1739 |
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Export condition fulfilled even if payment is received in Indian Rupees
Posted Date : 29-May-2015 , 03:16:26 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Export condition fulfilled even if payment is received in Indian Rupees We are sharing with you an important judgment of the Hon’ble Mumbai Tribunal, in the case of Sun-Area Real Estate Pvt. Ltd. Vs. Commissioner of Service Tax, Mumbai-I [2015-TIOL-956-CESTA...
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Category : Service Tax |
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0 | Hits : 615 |
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Taxability of newly taxable services from June 1, 2015
Posted Date : 21-May-2015 , 02:20:29 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Taxability of newly taxable services from June 1, 2015 The Ministry of Finance, Department of Revenue vide Notification No. 14/2015-ST dated May 19, 2015 has notified that the following changes in relation to the Negative List of services contained under Section 66D of...
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Category : Service Tax |
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0 | Hits : 1889 |
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How change in Service Tax rate should be tackled?
Posted Date : 20-May-2015 , 08:55:08 pm | Posted By
Vimmi
How change in Service Tax rate should be tackled? Please keep in mind the following and prepare yourself accordingly:
1. Service Provision is complete till 31.05.2015 and Invoice raised till 31.05.2015 but Payment received on or after 01.06.2015- 12.36% applicable....
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Category : Service Tax |
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0 | Hits : 1593 |
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Analysis of Service tax rate increase from 12.36% to 14% (Subsuming EC and SHEC) effective from 01.06.2015
Posted Date : 20-May-2015 , 06:01:35 pm | Posted By
Chitresh
Analysis of Service tax rate increase from 12.36% to 14% (Subsuming EC and SHEC) effective from 01.06.2015
By CA. Chitresh Gupta, B.Com(H), FCA, IFRS (Certified), IDT (Certified)
Author of Book “An Insight Into Goods & Service Tax”
After the Hon’ble President h...
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Category : Service Tax |
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0 | Hits : 1194 |
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Service tax rate of 14% shall come into effect only from a date to be notified - Finance Bill, 2015 enacted
Posted Date : 16-May-2015 , 01:21:19 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Service tax rate of 14% shall come into effect only from a date to be notified – Finance Bill, 2015 enacted The Hon’ble President has given assent to the Finance Bill, 2015 on Thursday, May 14, 2015. Accordingly, the Finance Bill, 2015 now becomes Finance A...
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Category : Service Tax |
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0 | Hits : 836 |
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No Service tax liability arise on loans and advances, if it is revealed in the audited balance sheet
Posted Date : 16-Apr-2015 , 01:14:42 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, No Service tax liability arise on loans and advances, if it is revealed in the audited balance sheet We are sharing with you an important judgment of Hon’ble CESTAT, Mumbai, in the case of Reliance Infratel Ltd. Vs. Commissioner of Service tax, Mumbai – II...
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Category : Service Tax |
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0 | Hits : 761 |
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No interest and/ or penalty can be levied just because the Assessee had paid Service tax, which was actually not payable
Posted Date : 13-Apr-2015 , 12:23:22 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, No interest and/ or penalty can be levied just because the Assessee had paid Service tax, which was actually not payable We are sharing with you an important judgment of Hon’ble High Court, Madras, in the case of Commissioner of Central Excise, Tirunelveli Vs. Su...
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Category : Service Tax |
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0 | Hits : 657 |
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Larger Bench of Tribunal held that Works Contracts are exigible to Service tax even before June 1, 2007
Posted Date : 08-Apr-2015 , 04:02:25 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, We are sharing with you an important judgment of Hon’ble CESTAT, Delhi, in the case of Larsen and Toubro Ltd, Kehems Engg Pvt Ltd Vs. CST, Delhi/ CCE & ST, Indore/ CCE/ Rajkot and CCE & ST, Indore Vs. Kehems Engineering Pvt Ltd. on the ...
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Category : Service Tax |
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0 | Hits : 713 |
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Service Tax - Increase in time limit for availing Cenvat credit on Input services and Inputs
Posted Date : 06-Apr-2015 , 11:48:30 am | Posted By
CA Bimal Jain
Dear Professional Colleague, Increase in time limit for availing Cenvat credit on Input services and Inputs – Whether applicable on invoices issued prior to March 1, 2015? Till September 1, 2014, there was no time limit prescribed under the Cenvat Credit Rules, 2004 (“the Credit R...
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Category : Service Tax |
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0 | Hits : 1061 |
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Service tax rate of 14% is not effective immediately and shall come into effect only from a date to be notified later
Posted Date : 01-Apr-2015 , 06:34:39 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, New Service tax rate of 14% is not effective immediately and shall come into effect only from a date to be notified later: The Union Budget, 2015 has proposed an increase in the rate of Service tax from 12.36% to flat 14% with abolishment of Education cess and Sec...
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Category : Service Tax |
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0 | Hits : 1379 |
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Taxability of newly made
Posted Date : 31-Mar-2015 , 03:42:03 pm | Posted By
CA Bimal Jain
Taxability of newly made ‘taxable services’
The Finance Bill, 2015 vide Clause 107 has proposed certain amendments in the Negative List of services given under Section 66D of the Finance Act, 1994 (“the Finance Act”) thereby removing certain services from the Negative List...
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Category : Service Tax |
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0 | Hits : 725 |
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Posted Date : 27-Mar-2015 , 12:44:24 pm | Posted By
CA Bimal Jain
Impact of Change of Service tax liability structure from partial reverse charge to full reverse charge on manpower Supply and Security Services in transition period
As Notification No. 30/2012-ST dated 20-06-2012 has been amended vide Notification No. 7/2015-ST dated 01-03-2015, there by shifting...
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Category : Service Tax |
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0 | Hits : 528 |
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