Service Tax articles

POT for Krishi Kalyan Cess (KKC)

1. POT for determination of KKC liability for Service Provider (SP): Rule 5 is applicable for determination of KKC liability for Service Provider (SP) due to the amendment in Budget 2016-17 and Notification No. 35/2016 also clarifies the applicability of KKC. ...

Read More
Posted Under: Service Tax |

Services by Government to Business Entity- effect of changes

As per section 68(2) person liable to pay service tax shall be the person notified under rule 2(1)(d) of Service Tax Rules 1994. Rule 2(1)(d) specifies the cases where the service tax is required to be paid by service receiver under the reverse charge mechanism(either under full reverse charge or under partial reverse charge)....

Read More
Posted Under: Service Tax |

Exhaustive Analysis of Krishi Kalyan Cess (KKC)

A Cess is a tax which is collected by the government to be used for a specific purpose. Thus collections from levy of cess can be used only for the purpose for which it has been collected and not for any other purpose, Finance Minister has mentioned in his budget speech that proceeds of KKC would be exclusively used for financing initiat...

Read More
Posted Under: Service Tax |

Exemption from KKC to services prior to 01.06.2016

The concern of the industry that KKC shall be levied on the opening debtors i.e. remaining unpaid as on 31.03.2016 has been duly answered and no KKC shall be levied on such amounts. Though the notification is effective from 23.6.2016, payments of opening debtors as received between 01.6.2016 and 22.6.2016 can still be a cause of litigatio...

Read More

No KKC if invoice is raised and services are rendered on or before May 31, 2016

Central Government vide Notification No. 35/2016-ST dated June 23, 2016, has exempted taxable services with respect to which the invoice for the service has been issued on or before May 31, 2016, from the whole of KKC leviable thereon, subject to condition that the provision of service has been completed on or before May 31, 2016....

Read More
Posted Under: Service Tax |

20 FAQs On Krishi Kalyan Cess – A New Levy

The Central Government has decided to levy Krishi Kalyan Cess @ 0.5% on the value of taxable services from 01/06/2016. As a result, there are bound to be questions as to how this levy will get integrated into the existing dynamic structure of the Service Tax provisions....

Read More

Service Tax on Service Provided By Senior Advocate

Prior to Finance Bill 2016, Legal Services were covered under reverse charge mechanism as per Notification No 30/2012-ST dated 20.06.2012. In respect of services received by any Business Entity [whose turnover exceeds Rs 10 lakhs in the preceding financial year] from an Individual Advocate or Firm of Advocates was chargeable to tax unde...

Read More
Posted Under: Service Tax |

Amendment in Service Tax on Legal Services wef 06.06.2016

Since March, 2016 there has been number of amendments has been made in respect to service tax on legal services and the same has been discussed as under. Notification No. 18/2016-ST dated 01.03.2016 has amended Notification No. 30/2012-ST dated 20.06.2012 due to which, in respect of legal services which were covered under full reverse cha...

Read More

Services by Senior Advocates brought under Reverse Charge

Vide the Union Budget, 2016, Service tax on Senior Advocates providing services to a Business Entity was brought under ‘Forward charge’ w.e.f. April 1, 2016. However, Service tax on services provided by individual Advocates and firm of Advocates (other than Senior Advocates) to Business Entity continued to be under ‘Reverse charge...

Read More
Posted Under: Service Tax |

FAQs on Services provided by Senior Advocates – Rollback

Notification no. 32/2016-ST, 33/2016-ST and 34/2016-ST dated 6th June, 2016 has amended the position of senior advocates under Service Tax. The impact of these amendments is summarized as below:...

Read More

Browse All Categories

CA, CS, CMA (4,324)
Company Law (5,070)
Custom Duty (7,440)
DGFT (4,019)
Excise Duty (4,266)
Fema / RBI (3,862)
Finance (4,025)
Income Tax (30,976)
SEBI (3,213)
Service Tax (3,471)

Featured Posts