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Service Tax & CBEC - Page 2

Centre mulls hike in service tax rate if GST rollout is delayed

January 11, 2017

[Source: www.thehindubusinessline.com] The Centre could consider increasing the service tax rate in the coming Budget as a fallback option in case the rollout of the Goods and Services Tax (GST) is delayed beyond April 1. “There is some thinking of an increase in the service tax rate in case the GST is not implemented from April. A higher rate will

GST·Income Tax·Service Tax & CBEC·Startup India

Equalisation Levy is going to create a huge problem for startups

[Source: www.forbesindia.com] Tax lawyer Nishith Desai believes the Equalisation Levy, also known as ‘Google Tax’, will have important repercussions for the Indian startup ecosystem As part of the continuing opposition from industry bodies to the ‘Equalisation Levy’ that came into effect earlier this year, the Internet and Mobile Association of

B2C music, e-books, cloud services from foreign portals will now attract service tax

[By Shaleen Shah (Partner), VNCA] If you download music or an e-book

GST Enrolment–Transition of existing tax payers to GST

[By Shaleen Shah (Partner), VNCA] The Government has started preparation for transition

Budget (No.2) of 2014–Service Tax Amendments

July 29, 2014

Service Tax & CBEC

[By Shaleen Shah (Partner), VNCA] Downloadable PDF File Amendments relating to service tax proposed in the Finance (No.2) Bill, 2014 as passed by the Lok Sabha on 25-7-2014, with relevant Notifications issued, are discussed as under. The date on which the amendments are effective are indicated against each clause. The

Common return for service tax, excise duty on back burner

January 7, 2014

Service Tax & CBEC

Common return for service tax, excise duty on back burner

Goods, Services Tax Bill unlikely to be passed in winter session

November 11, 2013

GST·Gujarat VAT & CST·Service Tax & CBEC

Goods, Services Tax Bill unlikely to be passed in winter session

L&T judgment opens a Pandora’s box

November 11, 2013

Gujarat VAT & CST·Service Tax & CBEC

Recently, the larger Bench of the apex court in the case of L&T vs state of Karnataka, held that any agreement to sell immovable property entered into prior to construction would fall within the purview of the term ‘works contract’, allowing state governments the power to levy value-added tax (VAT)

Service tax: Restaurants & Hotels see a ray of hope

July 23, 2013

Service Tax & CBEC

[By Shaleen Shah (Partner), VNCA] The Kerala High Court recently declared the imposition of service tax by the Centre on supply of food and beverages by restaurants and services of lodging provided by hotels as "unconstitutional". A single bench of Justice AM Shafique passed the order while allowing a batch

From Oct, service tax to make LIC policies pricier

July 13, 2013

Service Tax & CBEC

From October, LIC policies will cost more. Life Insurance Corporation, which accounts for 83 per cent of the market share, will levy service tax of around 3 per cent on all non-unit-linked products beginning October 1. This means if the annual premium for your money-back policy from LIC is Rs

Revised norms for service tax exemption / refund to SEZ developers / units

July 9, 2013

Service Tax & CBEC

Notification No.12/2013-ST dtd. 01-07-2013 The finance ministry has issued a new notification for grant of exemption or refund of tax on services received by developers and units in special economic zones (SEZ) and used for authorised operations. The idea seems to be to make it easier to claim exemption at

Service Tax Return for Oct-Mar 2013–Due Date Extended

April 23, 2013

Service Tax & CBEC

The Central Board of Excise & Customs vide Order No. 03/2013-Service Tax dated 23.04.2013 has extended the date of submission of the Form ST-3 for the period from 1st October 2012 to 31st March 2013, from 25th April 2013 to 31st August 2013. The Form ST – 3, for the

Recent Service Tax Updates

April 17, 2013

Service Tax & CBEC

Due date for filing ST-3 Return for the period July- Sept’12 extended till 30th April, 2013 Considering the difficulties in filing returns, causing inconvenience to the assessee, the CBEC has revised the due date of filing ST-3 Return. [Order No. 02/2013 ST dated 12.04.2013] Erection of pandal or shamiana is

Tax reforms: stage set for GST deal

January 28, 2013

GST·Gujarat VAT & CST·Service Tax & CBEC

Panel recommends states be allowed to time their entry; formula proposed for CST compensation The recommendation, largely in line with the demand from states, would be subject to a final nod from finance minister P. Chidambaram. Photo: AFP New Delhi: The centre and states are poised to strike a compromise

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Service Tax & CBEC - Page 2

Centre mulls hike in service tax rate if GST rollout is delayed

Equalisation Levy is going to create a huge problem for startups

B2C music, e-books, cloud services from foreign portals will now attract service tax

GST Enrolment–Transition of existing tax payers to GST

Budget (No.2) of 2014–Service Tax Amendments

Common return for service tax, excise duty on back burner

Goods, Services Tax Bill unlikely to be passed in winter session

L&T judgment opens a Pandora’s box

Service tax: Restaurants & Hotels see a ray of hope

From Oct, service tax to make LIC policies pricier

Revised norms for service tax exemption / refund to SEZ developers / units

Service Tax Return for Oct-Mar 2013–Due Date Extended

Recent Service Tax Updates

Tax reforms: stage set for GST deal

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