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...
Any service provided by Government or a local authority to a business entity has been made taxable w.e.f. 1St April 2016. Post Budget 2016, representations have been received from several quarters including business and industry associations in respect of various aspects pertaining to the taxation of such services. Accordingly, few clarifications are issued vide circular No. 192/02/2016-Service Tax dated 13th April 2016 issued by Government of India, Ministry of Finance, Department of Revenue (Tax Research Unit), F.No. 334/8/2016-TRU.
Section 66D of Finance Act, 1994 specifies the Negative list of services i.e the Services on which Service Tax is not leviable. Negative List of Services are different from the exempt Services as exempt services are although taxable but government has exempted them from service tax, while service in Negative list are not taxable at all.
Vide Notification No, 9/2016-ST dated 1.3.2016, w.e.f. 1.3.2016, following services provided by Indian Institutes of Management (IIMs) shall be exempt –Services provided by the Indian Institutes of Management, as per the guidelines of the Central Government, to their students, by way of the following educational programmes, except Executive Development Programme, –
Service Tax on Services provided by the specified organisations in respect of a religious pilgrimage facilitated by the Ministry of External Affairs of the Government of India, under bilateral arrangement not required to be paid for the period commencing on and from the 1st day of July, 2012 and ending with the 19th day of August, 2014.
Prior to 2014, Digital Ads were specifically exempted from the levy of service tax in India and were specifically mentioned in the Negative List of Services. However, this exemption has now been withdrawn and Digital Ads are no longer part of the Negative List of Services. As this exemption has now been withdrawn, Service Tax on digital ads in India on Website and Mobiles would be liable to service tax @ 14.50%.
1. Threshold Exemption- A Small service provider whose value of taxable service from one or more premises did not exceeds Rs.10 lakhs in previous financial year will be exempt from tax in next financial year upto first consecutive payment of Rs. 10 lakhs received. However, if taxable turnover in current year exceeds the specified limit, there will be no exemption from service tax in next financial year.
Service Tax New Exemptions and Exemptions Withdrawn immediately with effect from 1st March, 2016 (Budget 2016) Subject Present Position Budgetary Change Condition if any Reference Effective From Restoration of exemption on services provided to the Government, a local authority or a governmental authority. Exemption from Service Tax on services provided to the Government, a local […]
1st April 2016 onwards- Through Notification no. 6/2016-ST dated 18.2.2016, Central Government appoints 1.4.2016 as the date from which the provisions of Section 107(1) of Finance Act, 2015 shall come into effect.
Serial No 21 of the Notification No 25/2012 dated 20.06.2012 provides for an exemption for services provided by Goods Transport Agency, by way of transport of goods carriage. The extract of clause, providing exemption as per Original Notification No 25/2012 dated 20.06.2012 (Applicable with effect from 01.07.2012) is narrated as under:-
Availment of Exemptions Under section 93 of Finance Act, 1994, the Government is empowered to exempt generally or subject to such conditions as may be specified in the notification, taxable service of any specified description from the whole or any part of the service tax leviable thereon. During the course of this performance audit we […]
