Kerala HC rules service tax on AC restaurants invalid
Posted Date : 04-Jul-2013 , 08:13:00 am | Posted By CASANSAAR
The Kerala High Court on Wednesday held that the Centre’s decision to impose service tax on food and beverages supplied by air-conditioned restaurants with licences to serve alcoholic beverages in the 2011-12 budget was beyond the legislative competence of Parliament.
Justice A.M. Sha...
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Services Provided to Special Economic Zone (SEZ) Authorised Operations Exempted From Service Tax
Posted Date : 03-Jul-2013 , 08:11:51 am | Posted By CASANSAAR
The Central Government has decided to exempt the services on which service tax is leviable under section 66B of the said Act, received by a unit located in a Special Economic Zone (hereinafter referred to as SEZ Unit) or Developer of SEZ ( hereinafter referred to as the Developer) and used for the a...
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Service Tax |
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Service tax on film distribution, sale of rights to TV upheld
Posted Date : 29-Jun-2013 , 11:29:47 am | Posted By CASANSAAR
The Madras High Court has upheld the levy of service tax on income generated from temporary transfer of rights to use cinematographic films. This means that service tax has to be paid for distribution of films and selling of rights to television. Such “temporary transfer” or permission t...
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Service Tax |
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Selling ice-cream is Service, must be taxed more: Tax authorities
Posted Date : 26-Jun-2013 , 08:19:53 am | Posted By CASANSAAR
Is an ice-cream a product or a service? Well, you are in for a surprise if you think that it's a product. The tax authorities feel that the ice-cream served by the likes ofAmul, Vadilal, Kwality Walls, Baskin Robbins and a host of others retail vends or parlours constitute a ...
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Service Tax |
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Service tax defaulters to pay dues sans penalty?
Posted Date : 21-Jun-2013 , 07:56:52 pm | Posted By CASANSAAR
The service tax department of the Government of India is coming up with a one-time amnesty scheme called Voluntary Compliance Encouragement Scheme (VCES), to benefit service tax defaulters from July this year.
In this scheme, the professionals will have to pay their due without any penalty or...
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Service Tax |
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Food from McDonalds, Dominoes & Pizza Hut to get cheaper as FinMin may cut service tax on takeaway, home-delivery
Posted Date : 20-Jun-2013 , 05:50:08 am | Posted By CASANSAAR
The finance ministry may soon clarify that takeaway and home delivery of food will not attract service tax, a move that will be welcomed by the likes of McDonalds, Dominoes and Pizza Hut."The ministry is examining the issue. There is a strong view that takeaways and home deliveries should ...
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Service Tax |
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Fin Min detects tax evasion of over Rs 4,500 cr
Posted Date : 10-Jun-2013 , 08:30:27 am | Posted By CASANSAAR
Increased efforts to check revenue leakage by the Finance Ministry have resulted in detection of over Rs 4,500 crore in service tax, excise and customs duty evasion during last year.
Out of the total Rs 4,744.92 crore of indirect tax evasion detected during April and December last year, officials m...
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Service Tax |
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Fin Min to mail 'polite letters' to service tax defaulters
Posted Date : 26-May-2013 , 04:30:08 pm | Posted By CASANSAAR
Service tax, customs and excise duty defaulters will get "polite letters" seeking information about their pending liability and any suspicious dealings carried out by them possibly with black money.
The novel method of non-intrusive letters will be sent to seek clarifications from an entity...
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Service Tax |
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0 | Hits : 806
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Superintendent of Service Tax & An Income Tax Inspector jailed in Bribery case
Posted Date : 26-May-2013 , 09:09:43 am | Posted By CASANSAAR
The special Judge for CBI Cases, Bangalore has convicted Sri A. Vanangamudi, then Superintendent ofService Tax, Service TaxCommissionerate, Bangalore to undergo two years Simple Imprisonment with fine Rs.20,000/- in a bribery case.
The investigation revealed that Sri A. Vanangamudi, Su...
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Service Tax |
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Service Tax can't be levied from Aircraft Engg Institutes: Delhi High Court
Posted Date : 22-May-2013 , 08:24:26 am | Posted By CASANSAAR
The Delhi High Court held that Service Tax cannot be levied from Aircraft Engineering Institutes which award aircraft maintenance engineering licences. A bench comprising Chief Justice D Murugesan and Justice Rajiv Sahai Endlawalso quashed show cause notices issued to M...
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Service Tax |
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How to view ST-3 for the period July -Sept, 2012
Posted Date : 21-May-2013 , 08:51:33 pm | Posted By CASANSAAR
Service Tax Returns (ST 3) for the period July -Sept, 2012,e-filed in ACES, can now be viewed by the Assesses under ‘View Original ST3′ and ‘View ST3′ options under the RET module of ACES with a facility to revise it, if required. TheRevised return can be filed by t...
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Service Tax |
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Fin Min implements amnesty scheme for service tax defaulters
Posted Date : 19-May-2013 , 04:14:01 pm | Posted By CASANSAAR
Aimed at widening revenue from indirect tax, the Finance Ministry has implemented one-time amnesty scheme for service tax defaulters to pay their due without any penalty or late payment charges.
The ‘Voluntary Compliance Encouragement Scheme’, which came into force after passage...
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Service Tax |
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0 | Hits : 1049
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Govt gets power to arrest service tax defaulters
Posted Date : 19-May-2013 , 03:59:45 pm | Posted By CASANSAAR
Service tax evaders beware! Failing to deposit this tax may attract arrest and imprisonment upto seven years. With the passage of Finance Bill 2013 last week, the revenue department officials can now arrest a person for non-payment of collected service tax.
Ea...
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Service Tax |
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0 | Hits : 980
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Pay more service tax on house costing over Rs 1 crore
Posted Date : 10-May-2013 , 08:45:56 am | Posted By CASANSAAR
The finance ministry has tightened norms for application of lower rate of service tax on construction, dealing a blow to buyers purchasing houses above a certain size or value. The Central Board of Excise and Customs, the apex indirect taxes body, has issued new norms t...
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Service Tax |
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ICICI prudential gets over Rs 130 cr service tax notice
Posted Date : 02-May-2013 , 08:51:35 am | Posted By CASANSAAR
The Finance Ministry has asked private sector insurer ICICI Prudential to cough up over Rs 130 crore for alleged evasion through non-payment of service tax.
The Directorate General of Central Excise Intelligence (DGCEI) has issued a show-cause-cum-demand-notice recently to the firm alleging irregul...
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Service Tax |
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No service tax can be levied on chit business: Delhi HC
Posted Date : 28-Apr-2013 , 08:07:58 am | Posted By CASANSAAR
The Delhi High Court has quashed the Centre's notification to levy service tax on chit-fund business, saying the act of a foreman, who conducts auction of chit amount among contributors, does not fall under the definition of "service" provided in the Finance Act.
"We have come to the conclusion tha...
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Service Tax |
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Details of Service Tax Evasion Cases
Posted Date : 26-Apr-2013 , 07:55:18 pm | Posted By CASANSAAR
The cases of service tax evasion have increased during the recent time. The details are as under:
Year
No. of cases detected
Service tax evasion involved (Rs. in crores)
2010-11
8399
14291
2011-12
8710
14608
2012-13 (upto...
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Service Tax |
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0 | Hits : 1087
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Hotels to remain closed on April 29 to protest service tax
Posted Date : 25-Apr-2013 , 08:32:18 am | Posted By CASANSAAR
All hotels and restaurants throughout the country will be closed on April 29 in protest against the levy of service tax on air-conditioned restaurants announced in the Union Budget for 2013-14. A decision to this effect was taken at a meeting of the hotel associations of all States held in Mumbai on...
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Service Tax |
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Airtel asked to pay Rs 80 crore service tax dues
Posted Date : 12-Apr-2013 , 08:55:53 am | Posted By CASANSAAR
Telecom major Bharti Airtel has been asked to pay Rs 80 crore as service tax under a Customs, Excise and Service Tax Appellate Tribunal (CESTAT) order issued on Thursday.
According to the order, the telecom company has to pay the amount for period up to 2009 with regard to the free telephon...
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Service Tax |
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High court exempts buses hired by road transport corporation from paying service tax
Posted Date : 11-Apr-2013 , 09:07:49 am | Posted By CASANSAAR
A two-judge bench of the AP high court on Tuesday stayed the collection ofservice tax from private buses hired by AP State Road Transport Corporation (APSRTC), the state-owned carrier.
The bench comprising Justice G Rohini and Justice C Praveen Kumar made the interim order after hearin...
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Service Tax |
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FinMin mulls new intel wing to check service tax evasion
Posted Date : 07-Apr-2013 , 10:50:46 pm | Posted By CASANSAAR
Concerned over mounting cases of service tax evasion, the Government is mulling to create a separate intelligence unit to check the menace and stop leakage of revenue.
The proposed Directorate of Anti Evasion to check service tax evasion is likely to be set up by the Finance Ministry close ...
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Service Tax |
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Indian Railways to open all services for service tax registration
Posted Date : 05-Apr-2013 , 06:38:37 am | Posted By CASANSAAR
This was something that the country's largest employer had been reluctant to do ever Lalu Prasad took over as its boss. But the Indian Railways has now relented and has agreed to open services other than ticketing, that are offered by its various arms, to service tax.
The Central Railway and Wester...
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Service Tax |
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FAQs on ST3 return for July-September 2012
Posted Date : 03-Apr-2013 , 09:15:44 am | Posted By CASANSAAR
I got ST registration on/after 01.07.2012 with the service description, ‘Other Than in the Negative List’. Can I file the return now?
Assessees registered / amended their registration on or after 01.07.2012 with the service description, ”All Taxable Services &n...
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Service Tax |
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Govt warning yields results, Feb service tax mop up jumps 44%
Posted Date : 31-Mar-2013 , 07:26:40 pm | Posted By CASANSAAR
Government's stern warning to service tax evaders appears to have yielded results with the realisation rising to Rs 10,453 crore in February, 44 per cent more than collections in the previous month.
The revenue department had collected only Rs 7,255 crore as service tax in January.
...
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Service Tax |
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Service tax amnesty scheme likely to be relaxed
Posted Date : 31-Mar-2013 , 09:52:59 am | Posted By CASANSAAR
The scope of service tax amnesty scheme - Voluntary Compliance Encouragement Scheme (VCES) may be relaxed and expanded to include current assesses.
According to officials, the scheme as announced in the Union Budget 2013 was only for non-filers who are currently out of the service tax net. Bu...
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Service Tax |
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0 | Hits : 1203
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Service tax evasion runs up to Rs. 188 crore
Posted Date : 27-Mar-2013 , 05:36:25 pm | Posted By CASANSAAR
A number of companies in the real estate sector, hotel industry, security services and recruitment services operating from Bangalore have been found to be evading payment of service tax. The audit and anti-tax evasion teams of the Department of Service Tax have detected these evasions running up to ...
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Service Tax |
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0 | Hits : 801
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Service Tax NEW ST-3 for July to September 2012 made Available
Posted Date : 26-Mar-2013 , 11:35:51 am | Posted By CASANSAAR
Modified version of the Service Tax Return (ST-3) for the quarter July-September, 2012 is now available for uploading to ACES . Only offline version is available and there is no online version.
The utility needs to be downloaded afresh from ‘DOWNLOADS’ section of ACES ...
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Service Tax |
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0 | Hits : 2188
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Caterers in Service Tax Department's net
Posted Date : 16-Mar-2013 , 06:54:24 pm | Posted By CASANSAAR
The Service Tax Department officials have conducted searches at the offices and residential premises of five outdoor caterers here and unearthed tax evasion of about Rs 3 crore, department sources said on Saturday.
The searches were conducted at the premises of Lakhani Caterer, Trupti Cater...
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Service Tax |
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0 | Hits : 991
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Indirect tax collections rise by 20% to Rs 4.17 tn in Apr-Feb
Posted Date : 14-Mar-2013 , 09:05:48 am | Posted By CASANSAAR
Indirect tax collections has registered growth of 20 per cent to Rs 4.17 lakh crore in April-February period of the ongoing fiscal. The Budget targetted 27 per cent growth in the indirect tax collections in 2012-13 financial year. The excise duty collection during April-February ...
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Service Tax |
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0 | Hits : 757
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Spanco gets notice for service tax evasion of Rs 27 crore
Posted Date : 13-Mar-2013 , 02:02:15 pm | Posted By CASANSAAR
The service tax department has detected a case of tax evasion running into nearly Rs 27 crore. A senior official of the service tax department said the case is murkier, considering that it is an issue in which the company has defaulted on depositing service tax after collecting i...
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Service Tax |
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