- 4 new services has been brought in the tax net
a) Transport of goods through Water :- to any person, by any other person, in relation to transport of (i) coastal goods; (ii) goods through national waterway; or (iii) goods through inland water.
Explanation.— For the purposes of this sub-clause,—
(a) “coastal goods” has the meaning assigned to it in clause (7) of section 2 of the Customs Act, 1962;
(b) “national waterway” has the meaning assigned to it in clause (h) of section 2 of the Inland Waterways Authority of India Act, 1985;
(c) “inland water” has the meaning assigned to it in clause (b) of section 2 of the Inland Vessels Act, 1917;
b)Transport of goods by rail,
c) Cosmetic and plastic surgery service:- 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, degenerative diseases, injury or trauma;
Explanation.—For the purposes of this sub-clause, “business entity” includes an association of persons, body of individuals, company or firm, but does not include an individual;’;
d) Services in relation to Advice, Consultancy or assistance in any branch of law, provided by any business entity not being an individual
Service provided in the field of law except in case where service provider or service recipient is an individual. Thus tax would be limited to services provided by a business entity to anotherbusiness entity and services provided by an individual advocate either to an individual or even to a business entity and by a corporate legal firm to an individual would be outside the purview of taxable service. Further service of appearance before any court of law or any statutory authority is also outside this levy.
Proposed clause is
“(zzzzm) to a business entity, by any other business entity, in relation to advice, consultancy or assistance in any branch of law, in any manner:
Provided that any service provided by way of appearance before any court, tribunal or authority shall not amount to taxable service.
Explanation.—For the purposes of this sub-clause, “business entity” includes an association of persons, body of individuals, company or firm, but does not include an individual;”
2. Scope of following services is being enhanced or modified
a. Jobwork services creating an excisable product will only be exempt under business auxiliary – earlier if the proauct satisfied the definition of manufacture was also exempt.
b. Major relief to Sub-brokers of shares – they are tax free now.
3. Major changes have been brought about in the refund procedures for exporters of goods and the budget has tried to make it simpler – 2 services have been brought in the completely exempt category for exporters – this means that the exporter does not have to pay tax on these services if the goods are being exported.
(a) Good Transport by road
(b)Commission agents services – in cases where the agent is resident outside India – However, present cap of 10% on commission agency charges is retained.
Thus there would be no need for the exporter to first pay the tax and later claim refund in respect of these services.
4. Powers of the Commissioner Service Tax or the Chief Commissioner to review orders passed by their sub-ordinates have been curtailed – now all orders will have to be sent to Commissioner (Appeals) – this is a major procedural relief as the review powers were seen to be used a lot in assessee favoured cases.
5. In case of composition scheme of works contract – the developer will have to declare the value of goods – he cannot avail the benefit of the scheme if he does not so declare (details awaited).
6. CENVAT credit rules have been amended to reduce the rates of tax payable on exempted goods (from 10% to 5%) and exempted services (from 8% to 6%) if the assessee chooses to take entire credit.
7. The luxury bus operators who transported passengers either inter state or intra state will now be tax free – many cases have already been lodged against them in the past.
8. Authority for Advance Rulings for Income tax – will now also take application on service tax – (details awaited).
9. Exemption from service tax being provided to inter-State or intra-State transportation of passengers in a vehicle bearing ‘Contract Carriage Permit’ with specified conditions.
10. Exemption from service tax (leviable under Banking and other financial services or under Foreign exchange broking service) being provided to inter-bank purchase and sale of foreign currency between scheduled banks.
11. Export Promotion Councils and the Federation of Indian Export Organizations (FIEO) to be exempt from service tax on the membership and other fees collected by them till 31st March 2010.
12. For other services received by exporters, service tax exemption to be operated through the existing refund mechanism based on self-certification of the documents where such refund is below 0.25 per cent of FOB value, and certification of documents by a Chartered Accountant for value of refund exceeding the above limit.
please send the amendments, rules
Is Transport Charges is exempted from Service Tax in the financial year 2010-11 i.e we are importers of goods we are paying 10.30% tax on 25% of transport cost
please send the amendments
sir please send service tax slab with calculate excel formet with TDS Slab And format
SERVICE TAX: EXEMPTED TURNOVER LIMIT IS 10 LACKS.
sir send me latest ammendment in ST
regards
praveen
new amendments are clearly give me sec wise
What are present Rate of service tax charged By Transporter to Client in Freight Bill ? Kindly Help to Know Urgently
we are road transportation company and we would like to know whether we are eligilable for service tax or not according to the new amendment passed
we do wroks contrcats for railways,railway not pay service taxes,are they exempted,or contrcators have to pay the service tax?
we do railway works contrcats,railways not paying service tax,is it exempted or contrcators have to pay that tax,pl clarify.
Dear Sir,
We are paying local Freight Above Rs 3000.00 TO 7000.00 by way of delivery charges to local Transporter/s (all indiviuals)on despatch of material within town.
Pls advice me whether service tax on GTA will applicable or not on above freight payment/s.
We are releasing advance payment to Transporter. Please advice we have to process Service tax on advance payment or not, and the same can be adjust during bill booking.
if it is possible please send act for testing and certification service act with all new amendments and rules
thanking you for your supporting
how much turnover is exempted in a year and what are requirements for registration
please send the payment code nos
I Want what is the rules of Service Tax on Testing Analysis and certification
Service tax is applicable as the exemption is only for a gross amount of Rs 1500
Dear Sir,
We are paying local Freight Above Rs 1750.00 by way of delivery charges to local Transporter/s (all indiviuals)on despatch of material within town.
Pls advice me whether service tax on GTA will applicable or not on above freight payment/s.
dear sir
what is the last date of service tax returns and how to calculate service tax Agent Commission parties
we have tranport contract for trasnporting our employees from our township to our power station station seating capacity of 55 + 1 on a reqular trip. kindly furnish the service tax applicability and the abatement thereof to our mail id on priority basis. thanking you
If Railway contracts and railway consultancy jobs are service tax payable.but railway is not paying service taxes.How the company is responsible for service tax payment.Kindly help for the above said matter.we are a contractor and doing consultancy for railway for drawing, design and planing,survey for various projects including soil investigation.kindly help
railway contracts and railway consultancy under contract are servivce tax payable.railway is not paying service tax.how the company is responsible for service tax payment.
I am doing MBA from WLA and has been asked for the payment of service tax due to finance bill.
May i know that is there any changes by which i have been asked to pay service tax on MBA fees, if yes then its applicable from which date.
We are film distributors and suppling various films to various channels , does it cover service tax
Dear Sir,
We are fleet providers public transportation. We are tying up with a registered corporate employee transportation contractor. The contractor would collect the bill amount and servcie tax from the corporate, in turn do we need to collect the service tax from contractor whilesubmitting our monthly bill? Pls. clarify in this regard,
Dear Sir,
One of our clint charges freight in invoice before tax is it right way to charge or after tax freight will be charges as per karnataka vat
Plz clarify
advance thanks
Regards
Kariyappa
One of my client who is a custom house agent bills for certain exporters who are situated in the SEZ .
The biling component includes agency cahrges and transport. As per the changes in the budget 2009, kindly clarify whether we should charge Service tax on transportation charges billed to units in SEZ
Kindly clarify
R.SRIKANTH