We would like to bring to the attention of the Service Tax assessees that vide Notification No 16/2013 dtd 22nd Nov 2013, the e payment of Service Taxes has been made mandatory in case of asseesees with Service Tax liability of more than Rs. 1 Lakh. Previously the limit was fixed at Rs. 10 Lakhs.
E payment of Service Tax mandatory if total payment exceeds Rs. 1 Lakh. Read More »
The Service tax Department has released the offline excel utility for filing half-yearly Service Tax Return (ST-3) for the period 1st October 2012 to 31st March 2013. The following are the new features of the Oct-Mar 2013 Return :- A. Previously, the assessees were able to view the filed returns using the option, ‘View Original
Excel Utility for Service Tax efiling for Oct-Mar 2013 released Read More »
The Central Board of Excise and Customs has issued a new circular No 169/4/2013 dtd 13/05/2013 providing few clarifications with regard to the Service Tax Voluntary Compliance Encouragement Scheme , 2013. The following are the clarifications issued :- 1) A person who has not already registered with the Service Tax Department , he can first
The Central Government has issued a Notification No 10/2013 – Service Tax dtd 13 th May 2013 prescribing the rules for the Service Tax Voluntary Compliance Encouragement Scheme 2013. The Salient features of these forms are :- 1) It shall come into force on the date of its publication in the Gazette of India. 2)
Service Tax Voluntary Compliance Encouragement Scheme 2013 forms notified. Read More »
The Central Board of Excise & Customs vide its order No :- 1/2013-Service Tax dtd 06th March 2013 has extended the due date for filing the Service Tax returns for the period from July 2012 – Sep 2012. As per the earlier order, the due date was 25th March 2013. Now , this time limit
Due Date for Service Tax Returns (for July-Sep 2012) Extended Read More »
The Central Board of Excise and Customs has released a handbook on “Taxation of Services” under the new Service Tax regime. This hand book covers the entire provisions and important notifications with regard to new Service tax provisions under “Negative List” approach of taxation of services. For the benefit of our readers, we provide below
Taxation of Services – An Educational Guide Read More »
The value for the purpose of arriving at the Service portion in the amount charged at the restaurants (or) by outdoor caterers in their service provided will be determined as under :- Sl. No. Description Percentage of the total amount (1) (2) (3) 1. Service portion in an activity wherein goods, being food or any
New Valuation rules in respect of Services rendered in Restaurant / Outdoor catering Read More »
The Finance Act 2012 had proposed major changes in the Service Tax (including the negative list approach) provisions. As the Finance Act has received the assent of the President of India, the new provisions have come into effect. Accordingly, the Government of India has notified the dates from which these new provisions will be made
New Service Tax provisions to be applicable from 1st July 2012 Read More »
The Government of India vide its notification No 16/2012 dtd 29th May 2012 has notified the new Service Tax (Settlement of Cases) Rules, 2012. The extract of the Notification and the relevant rules are reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/05/st-16-2012.pdf”]
Service Tax (Settlement of Cases) Rules, 2012 notified Read More »
The Government of India has vide its Notification No 17/2012 notified the Service Tax (Compounding of Offences) Rules, 2012. The relevant notification is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/05/st-17-2012.pdf”]
Service Tax (Compounding of Offences) Rules, 2012 Notified Read More »
As per the Finance bill 2012, the rate of Service Tax has been increased from 10% to 12%. The effective rate of Service Tax to be charged has been increased from 10.3% to 12.36%. This will be effective from 1st April 2012.
Effective date for Increase in Rate of Service Tax Read More »
Travel by train, passport fee, capitation fees to education institutions and non-compete fees given by companies may come under tax net as the government considers a ‘negative list’ model to tax services, which will boost its tax revenues significantly. Most countries follow the negative list model-where a list of exempted services is specified and every
Train travel, passport fee, capitation fee may come under service tax net Read More »
