Service Tax : Can Higher Education Courses be equated to ‘training and coaching’ in tax parlance? Taxing education sector has always...
Service Tax : From July 2012, Service Tax shall be levied on all services other than those enumerated in the negative list U/s. 66D of Finance A...
Service Tax : Services provided by an educational institution (as defined) to its students, faculty and staff are exempt under clause (a) of Not...
Service Tax : According to present clause 9(b) of exemption Notification No. 25/2012-ST dated 20-06-2012, exemption is provided from the levy of...
Service Tax : Notification No. 10/2017-Service Tax has been issued by Government so as to withdraw exemptions granted earlier to few specific Se...
Service Tax : Central Government has clarified that there is NO proposal in the Union Budget 2017-18 to levy 5% Service Tax on Healthcare Servic...
Service Tax : Availment of Exemptions Under section 93 of Finance Act, 1994, the Government is empowered to exempt generally or subject to such ...
Service Tax : Railway Minister Mamata Banerjee has sought an extension for the waiver on service tax on railway freight. Finance Minister Pranab...
Service Tax : The Labour and Employment Ministry has requested the Finance Ministry to keep Employees’ State Insurance (ESI) and Employees’ ...
Service Tax : Post the finance ministry's move to include eight new services such as domestic air travel and health under the ambit of service t...
Service Tax : whether the commissioner is correct in denying the benefit of SEZ unit on the basis that the registered office is situated in DTA ...
Service Tax : There is a considerable gap between the turnover on account of services as per the ITR/TDS data and the value of services declared...
Service Tax : Service Tax on Services provided by the specified organisations in respect of a religious pilgrimage facilitated by the Ministry o...
Service Tax : Circular No. 133 /2/2011 – ST A clarification has been sought as to the scope and meaning of the description namely ‘Janata Pe...
Service Tax : Notification No. 42/2009-Service Tax Govt. exempts the taxable service specified in sub-clause (zzb) of clause (105) of section 6...
Service Tax : Notification No.1/2009 – Service Tax Central Government, on being satisfied that it is necessary in the public interest so to d...
whether the commissioner is correct in denying the benefit of SEZ unit on the basis that the registered office is situated in DTA i.e. outside the SEZ?
There is a considerable gap between the turnover on account of services as per the ITR/TDS data and the value of services declared in the corresponding Service Tax returns (above threshold of Rs. 1o lakhs). For FY 2015-16 alone, the mismatch is to the tune of of approx. Rs. 12 Lakh Crores.
Can Higher Education Courses be equated to ‘training and coaching’ in tax parlance? Taxing education sector has always been a tricky issue. For the first time in 2003, under Service Tax regime, service tax was imposed on ‘commercial training and coaching’ service. The term which was used in charging provision of tax is ‘training or […]
From July 2012, Service Tax shall be levied on all services other than those enumerated in the negative list U/s. 66D of Finance Act 1994 or those provided in the Mega Exemption Notification No. 25/2012. Thus after an act fulfills the conditions of the definition of the term service, it shall be verified if the service falls under the Negative List or the Mega Exemption List.
Services provided by an educational institution (as defined) to its students, faculty and staff are exempt under clause (a) of Notification Number ST-25/2012 dated 20/06/2012.
According to present clause 9(b) of exemption Notification No. 25/2012-ST dated 20-06-2012, exemption is provided from the levy of Service Tax in relation to services provided to an educational institution, by way of:
Notification No. 10/2017-Service Tax has been issued by Government so as to withdraw exemptions granted earlier to few specific Services provided to an Education Institutions.
Now the education institution other than institution providing pre-school education and education up to higher secondary school or equivalent will have to pay service tax on all the services received.
Recently Government of India has withdrawn the exemption granted to transportation of goods through vessel upto custom station of clearance in India (Inbound Cargo transportation or Import Cargo services)
Central Government has clarified that there is NO proposal in the Union Budget 2017-18 to levy 5% Service Tax on Healthcare Services, as reported in certain Social Media circles.
