service tax articles - Page 3

Call Centre’s/BPO’s viz-a-viz Rule 6A of STR, 1994

Every service w.e.f from 01.07.2012 can be considered as Export only if, it fulfills all conditions of Rule 6A(1) of the STR, 1994 which stipulates in relation to call centre’s/ BPO’s as under:...

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How to adjust excess service tax payment

Where an assessee has paid to the credit of Central Government service tax in respect of a taxable service, which is not so provided by him either wholly or partially for any reason, the assessee may adjust the excess service tax so paid by him (calculated on a pro rata basis) against his service tax liability for the subsequent period, i...

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Imposed Service tax on AC-restaurants creates confusion

Indian Budget is one of the most imperative parts of the country’s administration because it ensures the systematic revenue for government which is used in economic growth by carrying out several activities, transactions and projects. As usual, new budget is prepared every year in order to suit the present condition of the country. Tax ...

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Taxable Service Category to be changed from CICS/CCS to WCS by contractors or builders

CA Ashish Gupta With the introduction of Negative List Approach under Service Tax Regime, the significance of categorization of taxable services was done away and all the services were grouped under two heads i.e. Taxable & Non-Taxable. Consequently, the payment of service tax was to be made under the Head – All Taxable Services. Ho...

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FAQ on Service Tax & Excise Payment Challans Paid Manually

Which challans are to be used for payment of Excise and Service Tax? Ans. Two new challan forms GAR-7 have been introduced by PR. CCA's office. From April 7, 2007, GAR-7 - Proforma for Central Excise Tax Payments is to be used for payment of Excise and GAR-7 - Proforma for Service Tax Payments is to be used for payment of Service Tax. Th...

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How to Know Status of Service Tax & Excise payment Challan

Challan Status Enquiry for Assessee- Using this feature, assessee can track online the status of their challans deposited in banks. a) CIN based view : On entering Challan Identification Number (CIN i.e. details such as BSR Code of Collecting Branch, Challan Tender Date & Challan Serial No.) and amount (optional),the assessee can view...

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Union Budget 2013-14 – Income Tax & Service tax Highlights

We have hereby attempted to elucidate and analyze the major and important amendments proposed in the Direct Tax and Service Tax Laws, with their implications; and are sure that the same would be handy to you....

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Payment of Service Tax under Reverse Charge mechanism

As you would be aware that normally the service provider is the person liable to pay Service tax, except in certain notified cases where the service receiver is made liable to pay Service tax. This was popularly termed as Reverse Charge....

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Service tax on payment received through PayPal by Software Freelancer

In my earlier write up Applicability of Service Tax for Software Freelancer, I had mentioned that if the service is provided to non-taxable territory, Service Tax is not leviable. Receipt of payment in convertible foreign exchange is no more a pre-condition on and after 01.07.2012. ...

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Cut Down The Meals To Save Taxes?? Cascading Effect Really Out Of the Picture??

The posh restaurants these days have a highly priced menu for the varieties of cuisines offered by them. These high prices are a symbol of their quality and taste standards, and this is what they try to project. But how far is that true??? Let’s assess it. ...

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