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Budget 2015-16

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Updated List of Exempt Services under Service Tax

Service Tax : In this Article we have prepared a List of Services which are exempt from Service Tax as on date from Service Tax after considerin...

September 7, 2016 629495 Views 56 comments Print

TDS on EPF and Submission of Form 15G & 15H

Income Tax : Simplification of Tax Deduction at Source (TDS) mechanism for Employees Provident Fund Scheme (EPFS) Under the Employees Provident...

October 28, 2015 20040 Views 1 comment Print

Services covered under Reverse Charge Mechanism from 01.06.2015

Service Tax : Shivani Mangla Services covered under Reverse Charge Mechanism from 01.06.2015 (with % and type of person) S.No. Description of se...

July 11, 2015 13227 Views 7 comments Print

Recent Changes In Service Tax Appellate Provisions

Service Tax : Amendments shall have the following effect w.e.f. 14.05.2015– (1) The remedy of appeal to Tribunal u/s 86 is not available in e...

July 7, 2015 12378 Views 0 comment Print

Summary of Amendments in Indirect Taxes by Budget 2015

Excise Duty : AMENDMENTS IN CENTRAL EXCISE ACT, 1944-1. Factors of Production for Tobacco Related Products – Explanation 3 to Section 3A- This...

July 6, 2015 6727 Views 1 comment Print


Latest News


Download Finance Bill 2015 approved by President of India

Income Tax : Finance bill, 2015 has received the presidential assent on 14th May 2015 and has now become Finance Act, 2015 (NO. 20 OF 2015) . A...

May 18, 2015 23914 Views 0 comment Print

Rajya Sabha passes Finance Bill, 2015

Income Tax : After being passed by the lower house of Parliament, the Rajya Sabha on Thursday, May 7, 2015 has passed the Finance Bill, 2015. T...

May 9, 2015 8690 Views 0 comment Print

PM Letter to Farmers on Budget 2015

Finance : India is a country of farmers. As a nation, our roots lie in our villages and farms, which have been providing sustenance to our p...

May 1, 2015 964 Views 0 comment Print

PM Letter to youth of the country on Budget 2015

Finance : Prime Minister 31 March 2015 My Dear Young friends, With 65% of our population under the age of 35, India is the youngest nation i...

May 1, 2015 607 Views 0 comment Print

PM Letter to Industrial Workers on Budget 2015

Finance : A Shrama Yogi like you fulfills many of our nation1s needs. You build India through your sweat and toil. You support the economy w...

May 1, 2015 558 Views 0 comment Print


Latest Notifications


Clarification on rate of service tax on restaurant service

Service Tax : Circular No. 184/3/2015-ST Dated the 3rd June, 2015 It is further clarified that exemption from service tax still continues to ser...

June 3, 2015 34861 Views 0 comment Print

TDS on withdrawal from PF wef 1st June 2015

Income Tax : The Finance Act, 2015 (20 of 2015) has Inserted a new section 192A regarding the payment of accumulated provident fund balance due...

May 21, 2015 39539 Views 32 comments Print

Reg. Refund of Unutilized Cenvat Credit and on supply of manpower services

Excise Duty : Notification No. 15/2015-Central Excise (N.T.) Dated: May 19, 2015- Amends notification no. 12/2014 CE(NT) - Refund of Unutilized ...

May 19, 2015 1640 Views 0 comment Print

Cenavt Credit reversal rate increased to 7% under rule 6 wef 01.06.2015

Excise Duty : Notification No. 14/2015-Central Excise (N.T.)), Dated: May 19, 2015 Amends Rule 6 of the Cenvat Credit Rules, 2004 - Rate of amo...

May 19, 2015 8151 Views 0 comment Print

Service Tax Changes applicable from 01.06.2015

Service Tax : The Finance Bill, 2015, has received the assent of the Honorable President and has been notified. In the Budget, 2015, certain ame...

May 19, 2015 104462 Views 0 comment Print


Service Tax on services provided by Govt not yet been notified

May 20, 2015 1794 Views 1 comment Print

Yesterday CBEC has issued Notification no, 13/2015 to 17/2015 which enables various proposals of Finance Act,2015 which has received the assent of President on 14.05.2015 but we noticed that CBEC has not yet notified the date from service tax will be applicable on services provided by the Government or local authority to a business entity.

Service Tax & CENVAT Changes w.e.f. 1st June’15

May 20, 2015 3330 Views 0 comment Print

CA Sumit Grover Post enactment of Finance Act’15, trade was waiting for the Finance Ministry to notify the date for enhancement of service tax. Finally, the same has been notified as 1st June’15. Following is the gist of changes applicable w.e.f. the said date: 1) Abolition of EC & SHEC and effective rate of service […]

Reg. Refund of Unutilized Cenvat Credit and on supply of manpower services

May 19, 2015 1640 Views 0 comment Print

Notification No. 15/2015-Central Excise (N.T.) Dated: May 19, 2015- Amends notification no. 12/2014 CE(NT) – Refund of Unutilized Cenvat Credit under Rule 5B of Cenvat Credit to the Service Provider – No refund in respect of supply of manpower for any purpose or security services w.e.f. 1-6-2015

Cenavt Credit reversal rate increased to 7% under rule 6 wef 01.06.2015

May 19, 2015 8151 Views 0 comment Print

Notification No. 14/2015-Central Excise (N.T.)), Dated: May 19, 2015 Amends Rule 6 of the Cenvat Credit Rules, 2004 – Rate of amount of reversal of Credit increased from 6% to 7% with effect from 1st of June, 2015.

Service Tax Changes applicable from 01.06.2015

May 19, 2015 104462 Views 0 comment Print

The Finance Bill, 2015, has received the assent of the Honorable President and has been notified. In the Budget, 2015, certain amendments in the Finance Act, 1994 have been incorporated through the Finance Act, 2015, which will come into effect from a date to be notified. In this regard, 1st June, 2015 is being notified as the date on which the provisions as specified in paragraph 2 below will come into effect. Certain provisions in some notifications already issued, will also come into effect from 1st June, 2015.

Service Tax Exemption on taxable services provided under Power System Development Fund Scheme of Ministry of Power

May 19, 2015 2791 Views 0 comment Print

NOTIFICATION No 17/2015-ST, Dated: May 19, 2015 Exempts taxable services provided under the Power System Development Fund Scheme of the Ministry of Power

Amendment in Mega Exemption Notification effective from 1-6-2015

May 19, 2015 8202 Views 1 comment Print

NOTIFICATION No 16/2015-ST, Dated: May 19, 2015 Amendment in the Mega Exemption Notification relating to (i) Job work (alcoholic liquors for human consumption) and (ii) Services by way of right to admission shall be effective from 1-6-2015

Revised rates of compounded levy of service tax effective from 1.6.2015

May 19, 2015 10209 Views 0 comment Print

NOTIFICATION No 15/2015-ST, Dated: May 19, 2015 Revised rates of compounded levy of service tax under Rule 7, 7A, 7B and 7C shall be effective from 1.6.2015 Central Government hereby appoints the 1st day of June, 2015 as the date on which the provisions of sub-clauses (a), (b) and (c) and item (A) of sub-clause (d) of clause (ii) of sub-paragraph (e) of paragraph 2 of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 05/2015 – Service Tax, dated 1st March, 2015, published in the gazette of India, Extraordinary, vide number G.S.R. 159(E), dated 1st March, 2015 shall come into force.

CBEC Notifies change in service tax rates wef 01.06.2015

May 19, 2015 78811 Views 29 comments Print

NOTIFICATION No 14/2015-ST, Dated: May 19, 2015 In exercise of the powers conferred by clauses (a), (c) and (f) of section 107, section 108, sub-sections  (2), (3) and (4) of section 109, section 153 and section 159 of the Finance Act, 2015 (No. 20 of 2015), the Central Government hereby appoints the 1st day of June, 2015 as the date on which the provisions of clauses (a), (c) and (f) of section 107, section 108, sub-sections (2), (3) and (4) of section 109, section 153 and section 159 of the said Act shall come into force.

Service Tax- Removal of definition related to Chits

May 19, 2015 2852 Views 1 comment Print

NOTIFICATION No 13/2015-ST, Dated: May 19, 2015- Amends Abatement Notification no. 26/2012 ST dated 20-6-2012 – Removes the entry related to Chits in the definition part

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