service providers

Service Receiver to Pay Service Tax under New reverses charge mechanism (Must Read)

Service Tax - The Finance Bill, 2012 has massively rattled the provisions related to service tax enshrined in the Finance Act, 1994. A New reverse charge mechanism has been proposed by the Finance Bill, 2012. And by the latest Finance Bill, Section 68 (2) of the Finance Act, 1994 has been put under amendment to put the onus of payment of service tax on...

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One circular- many solutions

Service Tax - In these CHA services, during the import or export of goods, apart from the service of CHA there are various other services which are involved like the port services, terminal handling service, cargo handling service, cleaning or fumigation of containers services etc. In most cases, it is the CHA who is dealing with the service providers ...

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Oil & gas service providers not been provided benefit of presumptive taxation in DTC

Service Tax - Under the existing provisions of Section 44BB of the Act, which has non-obstante clause overriding the other provisions of the Act, non-resident service providers to oil & gas industry enjoy a tax regime wherein 10% of the gross receipts are deemed to be their income and tax is levied at the rate of 42.23% on […]...

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Service Tax – GTA muddle – receipt of goods into factory is input service; clearance of goods from factory is output service? – Consignee factory eligible

Service Tax - THE jinxed tax that is Service Tax on GTA , is haunting the tax administration, courts and the hapless assessees for more than a decade. While the net collection from this tax would be less than peanut, the amount of litigation it has generated, must have cost the nation heavily – the Government should seriously consider doing away with...

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How C.A. can bring improvement in working

Service Tax - By adopting practice of early and timely work disposal and for that purpose adopting some time saving practices, one can find lot of extra time for reading, writing, thinking and relaxation. Pending work causes lot of burden on your mind and heart- it is not good for health and wealth both. Reminders from clients should not be considered ...

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Government proposes to extend benefits of SEZ to food parks

Service Tax - Government proposes to extent benefits of Special Economic Zones (SEZ) to food parks so that the country could quickly emerge as a regional hub for food processing and SEZ benefits are available only to SEZ Developers and units. Mega Food Park Scheme presently operates under different set of guidelines framed by the Government....

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Government is likely to exempt the services provided inside the Special Economic Zones from service tax

Service Tax - The government is likely to exempt the services provided inside the Special Economic Zones from service tax, a move for which it is expected to seek approval from the Election Commission. Hitherto, service providers were paying taxes first and than claiming refunds, an issue on which the Commerce Ministry has written to the Ministry of Fi...

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Circular No. 16/2009-2014, Dated: 13.11.2009

Circular No. 16/2009-2014 - (13/11/2009) - A representation has been received from Zonal Joint Director General of Foreign Trade, Mumbai Office seeking clarification regarding calculation of Foreign Exchange earned for redemption of EPCG Authorizations issued to Service Providers in terms of provisions ofCircular No. 25 dated 01.01.2008....

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Cenvat credit of excise duty/CVD paid on goods used in providing Supply of Tangible Goods service

Trade Notice No. 12/2009 - (13/03/2009) - Supply of tangible goods including machinery, equipments and appliance for use, without transferring right of possession and effective control of such tangible goods is a taxable service in terms of provision of Section 65 (105) (zzzzj) of the Finance Act, 1994. In some case, vehicles, aircrafts, ve...

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Recent Posts in "service providers"

Service Receiver to Pay Service Tax under New reverses charge mechanism (Must Read)

The Finance Bill, 2012 has massively rattled the provisions related to service tax enshrined in the Finance Act, 1994. A New reverse charge mechanism has been proposed by the Finance Bill, 2012. And by the latest Finance Bill, Section 68 (2) of the Finance Act, 1994 has been put under amendment to put the onus of payment of service tax on...

Read More
Posted Under: Service Tax |

One circular- many solutions

In these CHA services, during the import or export of goods, apart from the service of CHA there are various other services which are involved like the port services, terminal handling service, cargo handling service, cleaning or fumigation of containers services etc. In most cases, it is the CHA who is dealing with the service providers ...

Read More
Posted Under: Service Tax |

Government proposes to extend benefits of SEZ to food parks

Government proposes to extent benefits of Special Economic Zones (SEZ) to food parks so that the country could quickly emerge as a regional hub for food processing and SEZ benefits are available only to SEZ Developers and units. Mega Food Park Scheme presently operates under different set of guidelines framed by the Government....

Read More
Posted Under: Service Tax |

Circular No. 16/2009-2014, Dated: 13.11.2009

Circular No. 16/2009-2014 (13/11/2009)

A representation has been received from Zonal Joint Director General of Foreign Trade, Mumbai Office seeking clarification regarding calculation of Foreign Exchange earned for redemption of EPCG Authorizations issued to Service Providers in terms of provisions ofCircular No. 25 dated 01.01.2008....

Read More

Oil & gas service providers not been provided benefit of presumptive taxation in DTC

Under the existing provisions of Section 44BB of the Act, which has non-obstante clause overriding the other provisions of the Act, non-resident service providers to oil & gas industry enjoy a tax regime wherein 10% of the gross receipts are deemed to be their income and tax is levied at the rate of 42.23% on […]...

Read More
Posted Under: Service Tax |

Government is likely to exempt the services provided inside the Special Economic Zones from service tax

The government is likely to exempt the services provided inside the Special Economic Zones from service tax, a move for which it is expected to seek approval from the Election Commission. Hitherto, service providers were paying taxes first and than claiming refunds, an issue on which the Commerce Ministry has written to the Ministry of Fi...

Read More
Posted Under: Service Tax |

Cenvat credit of excise duty/CVD paid on goods used in providing Supply of Tangible Goods service

Trade Notice No. 12/2009 (13/03/2009)

Supply of tangible goods including machinery, equipments and appliance for use, without transferring right of possession and effective control of such tangible goods is a taxable service in terms of provision of Section 65 (105) (zzzzj) of the Finance Act, 1994. In some case, vehicles, aircrafts, vessels etc., are also supplied in the abo...

Read More

Service Tax – GTA muddle – receipt of goods into factory is input service; clearance of goods from factory is output service? – Consignee factory eligible

THE jinxed tax that is Service Tax on GTA , is haunting the tax administration, courts and the hapless assessees for more than a decade. While the net collection from this tax would be less than peanut, the amount of litigation it has generated, must have cost the nation heavily – the Government should seriously consider doing away with...

Read More
Posted Under: Service Tax |

How C.A. can bring improvement in working

By adopting practice of early and timely work disposal and for that purpose adopting some time saving practices, one can find lot of extra time for reading, writing, thinking and relaxation. Pending work causes lot of burden on your mind and heart- it is not good for health and wealth both. Reminders from clients should not be considered ...

Read More
Posted Under: Service Tax |

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