Service Tax News, Articles, Notifications and Forms

  • Aug
  • 18
  • 2014

Service Tax – Finance Act, 2014 makes Advertisements Costly

Added In Service Tax
The Finance Bill, 2014 received assent from Hon’ble President on 6th of August 2014. The main impact of this budget leads to make the advertisements costly. As per Section 66D(g) selling of space for advertisements in print media is only falls under Negative List. The definition of “print media”as per Section 65B(39a) states as follows:

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  • Aug
  • 18
  • 2014

Lease Rent When Vat Is Charged, Not Liable To Service Tax

Added In Service Tax
A. PERCEPTIVE OF TERMING IT AS SALE Article 366(29A)(c) of Constitution: Such delivery of goods on hire purchase or any system of payment on installment shall be deemed as “Sale of Goods” 2. Power to levy tax on sales is vested to State Governments under Entry 54 of List II and thus VAT has been […]

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  • Aug
  • 16
  • 2014

Cenvat Credit on GTA Service- A dilemma solved

Added In Service Tax
Goods Transport Agency (GTA) service is a misconception since its inception. The light of mess ignites more with its coverage under reverse charge mechanism. As per the provisions applicable for GTA Service, This service is covered under Reverse Charge Mechanism; therefore, the service tax liability is to be paid by the service recipient that being […]

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  • Aug
  • 15
  • 2014

The lament assessee asks “Kya yehi hai ache din?”

Added In Service Tax
The most awaited 2014-2015 Finance Budget was presented by Hon’ble Finance Minister, Arun Jaitley on 10th of July 2014. The sugar-coated budget did not aim at bringing any major change due to the reason that there was short time span but still changes in various issues have been introduced. The budget was both a shock […]

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  • Aug
  • 15
  • 2014

Domain registration fees paid to ICANN not liable to service tax as ‘franchisee service’

Added In Service Tax
Accreditation by ICANN cannot be treated as representing ICANN and ICANN accredited registries cannot be treated as  franchisee  of ICANN. Appellant is engaged in the activity of registration of website domain names i.e. appellant is a registrar. The appellant is also accredited by International Corporation for Assigned Names and Numbers (ICANN) for certain top level domains. […]

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  • Aug
  • 14
  • 2014

Does DTAA Overrides Service Tax in India?

Added In Service Tax
 Import of Service The Import of Service means that the Service which is being provided by a Service Provider who is located in Non-Taxable territory and the service recipient is located in taxable territory. In such circumstances, the Service Receiver is liable to pay service tax as per Sr. No. 10 of Notification 30/2012-ST dated […]

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  • Aug
  • 12
  • 2014

Works Contract Service Notifications at Glance

Added In Service Tax
Pradeep Sharma Works Contract Service Notifications at Glance: S. No. Notification No. Particulars Effective from Effective Till Amended by Notification No.  1 12/2003 20/06/2003 This notification provide exemption from service tax on equal value of goods and material transferred to recipient (restriction from cenvat and duty credit paid on such goods) 01/07/2014 30/06/2012 35/2012  2 […]

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  • Aug
  • 11
  • 2014

Arrests of service provider for failing to remit Service Tax

Added In Service Tax
Officers of the Commissionerate of Central Excise and Service Tax, Mangalore arrested the Managing Director of a private limited company providing storage and warehousing services at Karwar, for collecting the Service Tax of over Rs.60 lakhs from August 2011 to March 2014 and not remitting the same to the Government account.

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  • Aug
  • 09
  • 2014

Tour Operators: Cry Is Still On, Budget 2014 Partly Wiped Their Tears

Added In Service Tax
The budget 2014 has arrived and the Hon’ble Finance minister has bought in several, if not many, changes in the service tax regime. In his endeavour to put the indirect tax laws in road to GST, he has avoided major changes but for small. However, these small changes have somewhat failed to meet the expectations of few sectors.

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