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CAG report on non/short-payment of service Tax

Section 67 of the Finance Act, 1994, envisages that where the provision of service is for a consideration in money, value of taxable service shall be the gross amount charged for such service. During the course of this performance audit we observed 145 cases of non/short-payment of service tax of Rs.  44.74 crore. Out of […]...

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Posted Under: Service Tax |

Workshop on Swachh Bharat Cess and Cenvat Credits

We are happy to inform that the eighth Workshop in the above series is being organised on the Theme Swachh Bharat Cess and Cenvat Credits under Excise and Service Tax and their relevance in GST on Thursday, 26 November, 2015 from 09:30 am till 01:20 pm at PHD House, New Delhi. The Workshop will be followed by lunch...

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Posted Under: Service Tax |

CBEC Clarifications on Swachh Bharat Cess

Swachh Bharat Cess will come into effect from 15th November 2015, at the rate of 0.5% on all services, which are presently liable to service tax. This will translate into a tax of 50 paisa only on every one hundred rupees worth of taxable services. The proceeds from this cess will be used for financing and promoting Swachh Bharat initiati...

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Posted Under: Service Tax |

Mere transfer of title in immovable property is exempted from Service Tax

No Service Tax on Transfer of Immovable Property if entire consideration received after issue of Occupancy Certificate. In order to resolve a long standing issue relating to levy of Service Tax on sale of flats/dwellings etc. after issue of occupancy certificate but before issue of completion certificate in areas under the jurisdiction of...

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Posted Under: Service Tax |

Advisory on Service Tax Return filing for April – September 2015

 1. (a) Assessee can e-file Service Tax Return (ST-3) for the period April, 2015 to September, 2015 now through offline or online version. The last date of filing the ST-3 return, for the return period April, 2015 to September, 2015 is 25th October, 2015. However, to avoid congestion and inconvenience in the last minute, assesses [&helli...

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Posted Under: Service Tax |

Revised Guidelines on Conducting Manual Scrutiny of Service Tax Returns to come into Operation from 1st August, 2015

The Central Board of Excise and Customs had issued detailed guidelines in 2009 to its field formations on conducting detailed manual scrutiny of service tax returns. In view of the legal changes brought about by the Negative List based taxation of services and administrative changes like creation of separate Commissionrates for Audit etc,...

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Posted Under: Service Tax |

Service Charges Collected by Restaurants/Hotels is not Service Tax

It is clarified that these ‘service charges’ collected by the restaurants/hotels/eateries are retained by the restaurants/hotels/eateries and are not ‘service tax’ imposed by the Government. ...

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Posted Under: Service Tax |

PHD Workshop on Mega Exemption under Service Tax and Point of Taxation Rules, 2011 – Relevance in GST Regime

Mega Exemption under Service Tax and Point of Taxation Rules, 2011 – Relevance in GST Regime  We are happy to inform that the Fourth Workshop under the series is being organised on the theme “Mega Exemption under Service Tax and Point of Taxation Rules, 2011 – Its relevance in GST Regime on Friday,  17 July, 2015 [&hellip...

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Posted Under: Service Tax |

Only Air-Conditioned or Air-Heated Restaurants to Pay Service Tax

Clarification Issued in the Matter of Service Tax; Only Air-Conditioned or Air-Heated Restaurants to Pay Service Tax; Restaurants, Eating-Joints or Messes Which Do Not Have the Facility of Air-Conditioning Or Central Air-Heating in Any Part of the Establishment are Exempt from Service Tax. At present, Service Tax is chargeable on services...

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Posted Under: Service Tax |

Service Tax Penalty norms encouraging voluntary compliance

He said, the second significant change is in respect of penalty provisions vide Sections 73, 76 and 78. These provisions have been rationalised and harmonized to encourage voluntary payments. In case of voluntary payments along with interest, the quantum of penalties have been rationalized by reducing the percentage of penalty depending u...

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Posted Under: Service Tax |