Services such as transportation, catering, security, cleaning or house-keeping, admission or conduct of examination, etc., provided to educational institutions are exempt from service tax till 31st March 2017 From 1st April, 2017 except services to pre-school education and education up to higher secondary school or equivalent will attract service ...Read More »
Mr.Sudarshana is a Partner of Top Class Services, a service provider in photocopier, scanners, etc. They take up Annual Maintenance Contract (AMC) of photocopier machines. While providing the service (AMC), apart from their labour, they also change or replace parts. They want to know the applicability of VAT and Service ...Read More »
CBEC on 6th November notified that Swachh Bharat Cess would be applicable @ 0.5% on value of all taxable services with effect from 15th November 2015. To know details of notification and impact on Swachh Bharat Cess read: Service tax rate goes up from 14% to 14.5% w.e.f 15th Nov 2015 ...Read More »
Scheme formulated for Speedy grant of refund of accumulated and unutilised CENVAT credit to help in ease of doing business by unlocking the accumulated credit. Exporters of services today accumulate CENVAT credit on both input services and input goods as they are unable to set-off their input levies. Speedy grant ...Read More »
Service tax levy on services provided by a Goods Transport Agency – Clarification by the department vide circular no. 186 dated 5th Oct 2015.
The All India Transport Welfare Association (AITWA) has represented regarding the difficulties being faced by the Goods Transport Agencies (GTAs) in respect of service tax levy on the services of goods transport. Doubts has been raised by the All India Motor Transport Congress (AIMTC) regarding treatment given to various services provided by GTAs ...Read More »
Trust me, this government is confused. In that way, UPA government was better. We knew for sure that their approach to taxpayers was close to ‘harassments’. Contrarily, NPA government talks about ease of doing business, trusting the people, transparency, digitization, less human intervention, etc. But when it comes to action, ...Read More »
Service tax is, as the name suggests, a tax on Services. It is a tax levied on the transaction of certain services specified by the Central Government under the Finance Act, 1994. It is an indirect tax (akin to Excise Duty or Sales Tax) which means that normally, the service ...Read More »
The service tax rate stands increased from 12.36% to 14% with effect from 1st June, 2015. All services including phone, travelling, professional fees, ecommerce, etc. will cost more from next month. So, citizens, let us warm up to cough up more money! This apart, the service providers may have some ...Read More »
Finance Bill 2015 gets President’s Assent but Service Tax rate remains at 12.36% till the date is notified.
The rate of Service Tax is being increased from 12.36% to 14%. The new Service Tax rate shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015. On 14th May 2015, the Finance Bill got the assent of ...Read More »
Every assessee who has register for service tax is required to file a service tax return on a half yearly basis and for the half year ending 31-3-2015, due date of filing service tax return is 25th April 2015. Here is a small quiz to test your knowledge on ...Read More »