"16 March 2011" Archive

Cost Accounting Standard 13 – Cost of Service Cost Centre

The Council of the Institute in its meeting held on 25th Feb, 2011 has approved the release of Cost Accounting Standards 13. Cost Accounting Standards 13- Cost of Service Cost Centre ...

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Posted Under: CA, CS, CMA | ,

Cabinet clears GST Constitution Amendment Bill

The Union Cabinet has approved Constitution Amendment Bill to pave the way for implementation of Goods and Services Tax, a new indirect tax regime that will subsume various levies such as excise and service tax. ...

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Posted Under: CA, CS, CMA |

Service Tax on Electricity Exchange services

Electricity Exchange services means any service provided or to be provided to any person, by an electricity exchange, by whatever name called, approved by the Central Electricity Regulatory Commission constituted under Section 76 of the Electricity Act, 2003 (36 of 2003), in relation to trading, processing, clearing or settlement of spot ...

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Posted Under: CA, CS, CMA |

Service Tax on Design services

Design services includes services provided in relation to designing of furniture, consumer products, industrial products, packages, logos, graphics, websites and corporate identity designing and production of three dimensional models....

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Posted Under: CA, CS, CMA |

Service Tax on Custom house agent’s services

Custom house agent’s services - means any service provided or to be provided [to any person], by a custom house agent in relation to the entry or departure of conveyances or the import or export of goods;...

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Posted Under: CA, CS, CMA |

Service Tax on Credit rating agency’s services

Credit rating agency’s services means any service provided or to be provided to any person, to a client, by a credit rating agency in relation to credit rating of any financial obligation, instrument or security;...

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Posted Under: CA, CS, CMA |

Service Tax on Credit card, debit card, charge card or other payment cards related services

“Credit Card, Debit Card, Charge Card or Other Payment Card Service” includes any service provided,— (i) by a banking company, financial institution including non-banking financial company or any other person (hereinafter referred to as the issuing bank), issuing such card to a card holder; (ii) by any person to an issuing bank ...

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Posted Under: CA, CS, CMA |

Service Tax on Courier Services

Courier Services-Courier Agency means a any person engaged in the door-to-door transportation of time –sensitive documents, goods or articles utilising the services of a person, either directly or indirectly, to carry or accompany such documents, goods or articles....

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Posted Under: CA, CS, CMA |

Service Tax on Cost accountant’s (practising) services

Cost accountant’s services means any service provided or to be provided [to any person], by a practicing cost accountant in his professional capacity, in any manner; "Practicing Cost Accountant" means a person who is member of the Institute of Cost and Works Accountants of India and is holding a certificate of practice granted under the...

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Posted Under: CA, CS, CMA |

Cosmetic or Plastic Surgery Service-Tax Rate, Accounting code, Classification, Valuation, Exemption, and Clarification

Cosmetic or Plastic Surgery Service means any service provided or to be provided to any person, by any other person, in relation to cosmetic surgery or plastic surgery, but does not include any surgery undertaken to restore or reconstruct anatomy or functions of body affected due to congenital defects, developmental abnormalities, degener...

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Posted Under: CA, CS, CMA |

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