Posted Date : 11-Jun-2013 , 05:33:17 pm | Posted By Gaurav Dhamija

  Form of application Settlement Commission - Form of application for settlement of a case under section 32E   GAR 7 Challan (Front  ||Reverse) G.A.R.-7 Proforma for Central Excise Tax Payments (Receipt & Payment Rules 26) FORM A-1 New Central Exc...

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Category : Service Tax | Comments : 0 | Hits : 295

Posted Date : 03-Jun-2013 , 12:43:40 pm | Posted By Gaurav Dhamija

Brief Note on Service Tax on Work Contract Service 1. After the Finance Act 2012 enacted, Clause 54 of the newly introduced section 65B provides definition to works contract, which means, “a contract wherein transfer of property in goods involved in the execution of such contract is le...

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Category : Service Tax | Comments : 1 | Hits : 2406

Posted Date : 30-May-2013 , 12:46:14 pm | Posted By Gaurav Dhamija

  Q. What is the Date of implementation of Service Tax Voluntary Compliance Encouragement Scheme, 2013 ?   After receiving the assent from President of India to the Finance Bill 2013-14. Q. Scheme to whom it is applicable?      The person who has not paid the ...

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Category : Service Tax | Comments : 0 | Hits : 1731

Posted Date : 29-May-2013 , 04:04:08 pm | Posted By Gaurav Dhamija

  Section 68 of Finance Act, 1994 • Sec 68 (2) provides legal backing for the levying of Service Tax under reverse charge mechanism. Sec 68 (2) is worded as follows:- - “In respect of such taxable services as may be notified by the Central Government in the Official Gazette, ...

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Category : Service Tax | Comments : 0 | Hits : 8333

Posted Date : 13-May-2013 , 10:01:19 pm | Posted By CA Pardeep Chanana

A Handy Referencer on Reverse Charge Mechanism   Relevant Notifications:-    Notification no. 30/2012 dated 26.06.2012 later updated by notification no. 45/2012 dated 07.08.2012 w.e.f.  01/07/2012   Dual System of Service Tax Payment   A.&nb...

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Category : Service Tax | Comments : 0 | Hits : 2494

Posted Date : 12-May-2013 , 10:35:14 pm | Posted By Vishal Jain

With the Introduction of Point of Taxation Rules (herein referred as POT Rules), 2011, the government has primarily shifted the policy of collection of service tax on the realization of value of taxable services to the point when the service is deemed to have been provided. The Rule 3 of&n...

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Category : Service Tax | Comments : 0 | Hits : 448

Posted Date : 11-May-2013 , 04:41:15 pm | Posted By Vishal Jain

  Service tax has always been regarded as a tax of the future and is emerging as one of the major source of revenue for the Government. At the same time, the service tax law has been regarded as most complicated law and generated huge litigation. Due to its complexity, there had been lot...

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Category : Service Tax | Comments : 0 | Hits : 509

Posted Date : 19-Mar-2013 , 03:21:38 pm | Posted By Harshit Gupta

Service Tax Applicability on Restaurants, Hotels   Applicabilty before 1st April 2013 All kind of restaurant whether big ,small should pay service taxonly if : -Services Provided in relation to serving of food restaurant or beverages by a restaurant, eating joint or a mess having the faci...

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Category : Service Tax | Comments : 0 | Hits : 1951

Posted Date : 19-Mar-2013 , 01:14:40 am | Posted By Mayank Singla

Beware if you are the one illicitly holding the government revenue!!! Government is all set to severely punish the people contravening the provisions of Finance Act, particularly, when one collect theservice tax and fails to deposit the same to government exchequer. Where the amount involved ...

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Category : Service Tax | Comments : 0 | Hits : 515

Posted Date : 12-Mar-2013 , 04:05:19 pm | Posted By Harshit Gupta

Service Tax Applicability on Real Estates(Developers and Contractors) Service Tax: All services are made taxable execpt: 1.       Negative List Based Services 2.       Mega Notification Based Service 3.     &...

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Category : Service Tax | Comments : 0 | Hits : 4615

Posted Date : 01-Mar-2013 , 10:20:13 am | Posted By Nikhil Mohan Jhanwar

  Budget 2013-14- An Analysis of Service Tax Proposals   By CA. Nikhil M. Jhanwar   Budget 2013-14 has been introduced today by Mr. P. Chidambaram, Finance Minister. Budget has come at a time where it has been almost one year in introduction of negative list bas...

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Category : Service Tax | Comments : 0 | Hits : 776

Posted Date : 28-Feb-2013 , 10:19:34 pm | Posted By Vinay Sharma

             A BIRD'S EYE VIEW ON CHANGES MADE IN SERVICE TAX LAW BY THE FINANCE BILL, 2013                                             &nbs...

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Category : Service Tax | Comments : 0 | Hits : 2674

Posted Date : 13-Jan-2013 , 09:18:30 pm | Posted By Puneet Goyal

ANALYSIS OF REVERSE CHARGE MECHANISM IN RESPECT OF MANPOWER SUPPLY SERVICES OR SECURITY SERVICES   (Before proceeding further please read the disclaimer at the bottom of this write up)   Now after introduction of negative list approach, in respect of above services, serv...

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Category : Service Tax | Comments : 1 | Hits : 13790

Posted Date : 13-Jan-2013 , 04:24:10 pm | Posted By CA Vinod Kumar

  BACKGROUND OF RULES I will start my article with the wordings of Finance Minister while presenting the Budget proposal for the financial year 2011-12, the Finance minister said that in order to “achieve a closer fit between the present service tax regime and its GST successor...

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Category : Service Tax | Comments : 0 | Hits : 1314

Posted Date : 18-Dec-2012 , 05:49:43 pm | Posted By Sourabh Jain

Service tax on Supply of food at Restaurants   It is said that some things which seem to be very authentic may not be always correct. This is same which is happening with issue of Service tax on supply of food in restaurants. Internet is equal for both whether you are correct or fact...

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Category : Service Tax | Comments : 1 | Hits : 903

Posted Date : 08-Dec-2012 , 10:56:09 am | Posted By ASP

    Director General of Audit, New Delhi has prepared Service Tax Audit Manual, 2010.  As per the guidelines, tax payers whose annual service tax payment (including cash and CENVAT) was Rs.3 crore or more in the preceding financial year may be subjected to mandat...

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Category : Service Tax | Comments : 0 | Hits : 1391

Posted Date : 08-Dec-2012 , 10:44:25 am | Posted By ASP

  Accounting Codes For The Taxable Services Introduced Vide The Finance Act, 2011(8 of 2011)           Heads of Account under the Major Head “0044-Service Tax” in respect of the new taxable services have been allo...

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Category : Service Tax | Comments : 0 | Hits : 398

Posted Date : 08-Dec-2012 , 10:43:33 am | Posted By ASP

  PROCEDURE FOR E-PAYMENT   1.   To pay Excise Duty and Service Tax online, the Assessee has to enter the 15 digit Assessee Code allotted by the jurisdictional Commissionerate. 2.   There will be an online check on the va...

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Category : Service Tax | Comments : 0 | Hits : 385

Posted Date : 20-Nov-2012 , 12:21:54 pm | Posted By CA Ramesh K Chhajer

  Abatement has been provided in Notification no. 26/2012 dated 20.6.2012effective from 1.7.2012 1.     Financial leasing services- 10% taxable Financial leasing includes hire charges but excludes operating lease 2.     Transport of pas...

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Category : Service Tax | Comments : 0 | Hits : 24622

Posted Date : 12-Oct-2012 , 03:27:33 pm | Posted By Ankit Bhutoria

  SERVICE TAX FOR AUTOMOBILE DEALERS   Brief Introduction   Generally Automobile Dealers are engaged in three main activities i.e. Selling of Vehicles, Selling of Spare parts of vehicle, and working as an Authorized Service Station on behalf of the principa...

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Category : Service Tax | Comments : 1 | Hits : 950