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Service Tax & CBEC - Page 5

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

Service tax on commercial rentals to go

April 22, 2009

Service Tax & CBEC

In a major respite for retailers and businesses, the Delhi high court has struck down levy of service tax on renting of immovable property as "unconstitutional". The Delhi HC decision came on April 18, 2009, in a combined order while deciding on 26 writ petitions filed by petitioners from across

Commerce department backs tax exemption for SEZ services

March 19, 2009

Service Tax & CBEC

The finance ministry should exempt companies in special economic zones (SEZ) from paying tax on the services they consume instead of making them seek refunds, according to the commerce department. Earlier this month, the finance ministry had notified that instead of being exempt, companies within SEZs would have to claim

Clarification – What constitutes Export of Service

March 4, 2009

Service Tax & CBEC

The Central Board of Excise and Customs (CBEC) has, in a far-reaching measure, clarified on interpretation of Export of Services Rules, 2005. In a Circular dated 24-Feb-09, the CBEC has examined in detail Rule 3(1) & 3(2) of Export of Services Rules, 2005 and laid down the principles as to

Stimulus III – Tax Measures

February 25, 2009

Income Tax·Service Tax & CBEC

In the Interim Budget 2009-10, the hon’ble finance minister Mr. Pranab Mukherjee had quoted “constitutional propriety

Interim Budget 2009-2010 – the story of misses

February 18, 2009

Gujarat VAT & CST·Income Tax·Service Tax & CBEC

The interim budget presented on Monday by the acting finance minister Mr. Pranab Mukherjee lived up to its billing as a poll-eve document listing UPA government’s track-record on the economic front in the last five years. However, with propriety as his hackneyed watchword, the FM however, failed to address the

Special Economic Zones & Service Tax – Issues & Implications

February 5, 2009

Service Tax & CBEC

Since the provisions of the SEZ Act and the said notification No 4/ 2004-ST are inconsistent, the provisions of the SEZ Act would prevail in terms of section 51 of the SEZ Act. Accordingly, the services provided to SEZ developers or units shall be exempt from payment of service tax

Exporters can get service tax refunds in a month

December 16, 2008

Service Tax & CBEC

Exporters can now get their service tax refunds much faster thanks to simpler norms. The Central Board of Excise and Customs (CBEC) has further relaxed the procedures for refund of tax paid on specified services used for export of goods. The board has directed its field officials to pay refund

Revision of Excise and Customs Duty Rates and Service Tax Refund to exporters

December 12, 2008

Service Tax & CBEC

Through GOI – Press Release dtd. 7-Dec-08 To provide a fiscal stimulus to the economy through stimulation of demand and relief to the manufacturing sector, Government has carried out certain changes in Excise and Customs duty rates. Some changes have also been made in respect of Service tax refund scheme

Some transactions fall between service tax and VAT

September 26, 2008

Gujarat VAT & CST·Service Tax & CBEC

A recurring challenge in indirect taxes is that of double taxation of a single transaction. The challenge comes about because a particular transaction is both deemed to be a supply of goods, in terms of the State sales tax/value added tax definitions, as also a provision of services, under the

Third-party data to check duty evasion

September 26, 2008

Service Tax & CBEC

The Central Board of Excise and Customs (CBEC) will notify a mechanism next month for tapping third-party information to nail excise duty evasion by manufacturers. The department will collect the data from the VAT departments of states, electricity companies and raw material suppliers. “Third-party information is one of the measures

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Service Tax & CBEC - Page 5

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

Service tax on commercial rentals to go

Commerce department backs tax exemption for SEZ services

Clarification – What constitutes Export of Service

Stimulus III – Tax Measures

Interim Budget 2009-2010 – the story of misses

Special Economic Zones & Service Tax – Issues & Implications

Exporters can get service tax refunds in a month

Revision of Excise and Customs Duty Rates and Service Tax Refund to exporters

Some transactions fall between service tax and VAT

Third-party data to check duty evasion

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