CENVAT CREDIT ON SET TOP BOX
Posted Date : 11-Jul-2016 , 06:10:04 pm | Posted By
CA. PIYUSH KAPOOR
CENVAT CREDIT ON SET TOP BOX INTRODUCTION
Service providers have at least a Telephone in their office. They are paying service tax on the telephone charges. The service tax on telephone charges becomes a part of the cost for the service provider. When he collects service tax from the c...
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Category : Service Tax |
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NO KRISHI KALYAN CESS ON DEBTORS AS ON 13th MAY’ 2016 (PART -2)
Posted Date : 01-Jun-2016 , 11:10:38 am | Posted By
Raman Singla
NO KRISHI KALYAN CESS ON DEBTORS AS ON 13th MAY’ 2016 (PART -2)
Read more at: http://www.casansaar.com/article-submit.htmlThe enabling provisions for KRISHI KALYAN CESS (KKC) are contained in Chapter – VI of Finance Act’ 2016. As per the provisions, KKC shall be applicable at 0.5...
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Category : Service Tax |
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Krishi Kalyan Cess w.e.f. 01/06/2016
Posted Date : 27-May-2016 , 05:35:23 pm | Posted By
Vishal Shah
As you are aware that the Finance Act, 2016 has increased the service tax rate to include a new cess, namely Krishi Kalyan Cess, which is applicable w.e.f. 01/06/2016. The effective rate of service tax for all new services provided after 01/06/2016 shall be as below:
Service Tax ...
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Category : Service Tax |
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Rule 6(3): Cenvat Credit Rules
Posted Date : 22-Apr-2016 , 10:44:07 pm | Posted By
Sunil Kumar
CENVAT CREDIT AVAILABLE VS CENVAT CREDIT TAKEN
ALARMING AMENDMENT IN RULE 6(3) OF CENVAT CREDIT RULES
(a) A manufacturer who manufactures two classes of goods namely:-
Non exempted goods removed
Exempted goods removed
Or
(b) a provider of output service who provides two c...
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Category : Service Tax |
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Service Tax RCM on Works Contract
Posted Date : 25-Mar-2016 , 12:27:55 pm | Posted By
Pankaj Jaiswal
Date : 19.03.2016
M/s. ABC LLP ( Service Provider )
M/s. XYZ Limited ( Service Recipient )
Ref: Service Tax on Works Contract and RCM
Opinion
Before giving opinion on the issues it will be useful to refer the questions related with this transaction. Assume ABC is...
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Category : Service Tax |
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Know about Service Tax
Posted Date : 15-Feb-2016 , 10:48:41 am | Posted By
Service tax is an indirect tax levied by the Central Government on taxable services provided. The concept of service tax in India has been introduced in 1994 by making provisions in the Finance Act, 1994. Service tax registration is mandatory for every person or business providing taxable services o...
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Category : Service Tax |
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Margin earned by franchisees on sale of SIM cards/recharge coupons not liable to Service tax
Posted Date : 10-Feb-2016 , 11:15:33 am | Posted By
CA Bimal Jain
Chotey Lal Radhey Shyam Vs. Commissioner of Central Excise & Service Tax, Lucknow [2015 (64) taxmann.com 399 (Allahabad – CESTAT)] Facts: Chotey Lal Radhey Shyam (“the Appellant”) was appointed as a franchisee for Lucknow by Bharat Sanchar Nigam Limited (“BSNL”), ...
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Category : Service Tax |
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Charges and taxes levied on the foods served in the Restaurant
Posted Date : 06-Jan-2016 , 12:00:33 pm | Posted By
POOJA
Charges and taxes levied on the foods served in the Restaurant: Service Charges: This is the charges levied by the restaurant as the payment for the services rendered like serving the foods etc. This charge is not levied by the government and is collected by the owner themselves. Levyi...
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Category : Service Tax |
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REASONS FOR SERVICE TAX RETURN GETTING REJECTED...!!!
Posted Date : 29-Dec-2015 , 11:47:02 am | Posted By
Raman Singla
Some Service Tax returns gets rejected after uploading of the XML file for the ST3 return, mainly due to the following reasons:-
Incorrect selection of return type – whether it is Original or Revised return.
When the Financial Year and the Period of Return are different in the XML file a...
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Category : Service Tax |
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Cenvat credit is admissible even though the Appellant was not registered with the Service Tax Department at the time of availing input services
Posted Date : 08-Dec-2015 , 09:33:23 pm | Posted By
CA Bimal Jain
Cenvat credit is admissible even though the Appellant was not registered with the Service Tax Department at the time of availing input services
India Housing Vs. Commissioner of Central Excise, Lucknow [2015 (11) TMI 1422 – CESTAT NEW DELHI]
Facts:
India Housing (“the Appellant&...
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Category : Service Tax |
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Services Which is exempt from Service Tax (Symbiosis Society Vs. Commissioner of Central Excise, Pune III)
Posted Date : 27-Nov-2015 , 10:20:29 am | Posted By
CA Bimal Jain
Courses in : (i) Mass Communication, (ii) International Business Management, (iii) Telecom Management, (iv) Information Technology, (v) Management Studies, (vi) Geo-informatics and (vii) Operational Management are 'vocational courses' and therefore, exempt from Service tax.
Symbiosis Soci...
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Category : Service Tax |
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Free warranty services provided by vehicle-dealers to vehicle-buyers out of their dealer's margin/handling charges is not liable to Service tax
Posted Date : 26-Nov-2015 , 01:35:06 pm | Posted By
CA Bimal Jain
Free warranty services provided by vehicle-dealers to vehicle-buyers out of their dealer's margin/handling charges is not liable to Service tax
Chowgule Industries (P.) Ltd. Vs. Commissioner of Central Excise, Pune-III [2015 (63) taxmann.com 6 (Mumbai - CESTAT)]
In the instant case, Chowgu...
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Category : Service Tax |
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THREE NEW & MAJOR NOTIFICATIONS ISSUED FOR SWACHH BHARAT CESS
Posted Date : 13-Nov-2015 , 10:56:17 pm | Posted By
Raman Singla
We carried the article on our website titled “Swachh Bharat Cess – Not so Swachh” containing the issues that needs to be settled by the board relating to Swachh Bharat Cess (SBC). The Board acted proactively and responded even when we all our busy with our diwali celebration...
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Category : Service Tax |
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“SWACHH BHARAT CESS - NOT SO SWACHH”
Posted Date : 12-Nov-2015 , 07:27:11 pm | Posted By
Raman Singla
The thrust of Modi Government towards clean India has made the government to impose Swachh Bharat Cess. With the objective of financing and promoting Swachh Bharat initiatives, enabling provisions were made in the Finance Bill’ 2015 to empower the Central Government to impose a Swachh Bharat C...
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Category : Service Tax |
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Service Tax on SIM Cards
Posted Date : 05-Nov-2015 , 01:39:04 am | Posted By
VINAMAR GUPTA
In this article an attempt has been made to consolidate the important developments of service tax law on taxability of SIM card transactions
Amount received for subscription of SIM card is exigible to service tax only
The charges paid by the subscribers for procuring a SIM Card are gen...
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Category : Service Tax |
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TREATMENT OF EDUCATION CESS – DECENT NOTIFICATION FOR SERVICE PROVIDERS
Posted Date : 01-Nov-2015 , 08:11:46 pm | Posted By
Raman Singla
As per the amendment made by Finance Act’ 2015, the rate of service tax has been increased from 12.36% to 14% w.e.f. 01.06.2015. In this respect the issue which arise is that “Whether the cenvat credit of education cess which is available on 31st May’ 2015 and cannot be ful...
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Category : Service Tax |
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Credit of EC & SHEC can be used for payment of Service tax
Posted Date : 30-Oct-2015 , 02:15:39 pm | Posted By
CA Bimal Jain
Dear Professional Colleague,
Credit of EC & SHEC can be used for payment of Service tax
With the underlying theme of setting the stage for Goods and Services Tax (“GST”), the Union Budget, 2015 had proposed to do away with the Education Cess (EC) and Secondary and Higher Educatio...
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Category : Service Tax |
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GST KNOWLEDGE SERIES #5: TAXES TO BE SUBSUMED IN GST
Posted Date : 04-Sep-2015 , 12:47:11 pm | Posted By
Chitresh
GST is commonly described as indirect, comprehensive, broad based consumption Tax. The Dual GST which would be implemented in India will subsume many consumption taxes. The objective is to remove the multiplicity of tax levies thereby reducing the complexity and remove the effect of Tax Cascading. ...
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Category : Service Tax |
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Service Tax – Point of Taxation Rules, 2011
Posted Date : 15-Aug-2015 , 07:57:28 pm | Posted By
CA Jai Kishan
Service Tax – Point of Taxation Rules, 2011 By CA. Jai Kishan Introduction:
The Point of Taxation Rules, 2011 (hereinafter referred to as “the POT Rules”) were notified on March 1, 2011 and have been amended from time to time. As mentioned in my earlier Article, service tax is o...
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Category : Service Tax |
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Service Tax in India: Brief History and Meaning of “Service”
Posted Date : 15-Aug-2015 , 10:04:43 am | Posted By
CA Jai Kishan
Service Tax in India: Brief History and Meaning of “Service”
By CA. Jai Kishan
Brief History:
The Service Tax was introduced in India around 21 years back on July 1, 1994 at the recommendations of Dr. Raja Chelliah Committee on tax reforms. The introduction of this levy i...
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Category : Service Tax |
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