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Procedure for registration in ACES for NEW Central Excise or Service Tax Assessee
Procedure for Online Service Tax & Excise Registration Procedure for registration in ACES for NEW Central Excise or Service Tax Assessee as the case may be (User who is NOT already registered in erstw...
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Authentication of Invoice etc by Digital Signature
Vide Notification No. 5/2015-ST dated 1.3.2015, Rule 4C has been inserted in Service Tax Rules, 1994 whereby a provision for issuing digitally signed invoices has been introduced. New Rule 4C provides...
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File Service Tax registration amendment before 31/05/2015
All Service Tax registrants, except Government Departments, not having PAN based registration number shall file an amendment and obtain a PAN based registration on or before 31/05/2015. (refer Order n...
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Service Tax Exemption to Bima, Jan Dhan Yojna and to Atal Pension Yojana
Service Tax Exemption been extended vide Notification No. 12/2015-ST, Dated: April 30, 2015 to Pradhan Mantri Suraksha Bima Yojna, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Jan Dhan Yoga...
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Service Tax : Withdrawal of certain exemptions under Notification No. 25/2012-ST dated 20.06.2012
Service Tax Exemptions Withdrawn From 1st April, 2015 a) Withdrawal of certain exemptions under Notification No. 25/2012-ST dated 20.06.2012 (i) Construction services provided to Government etc (Entry...
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No Service tax liability arise on loans & advances, if it is revealed in audited balance sheet
Reliance Infratel Ltd. Vs. Commissioner of Service tax, Mumbai – II [2015 (4) TMI 129 – CESTAT MUMBAI] Reliance Infratel Ltd. (the Appellant or the Company) is a subsidiary of Reliance Communications...
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New rate of Service tax to come into effect only from a date to be notified after enactment of Finance Bill, 2015
The Union Budget, 2015 has proposed an increase in the rate of Service tax from 12.36% to flat 14% with abolishment of Education cess and Secondary & Higher Secondary Education cess. Further pursuing...
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CBEC clarifies on Applicability of 14% Service Tax Rate
Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Circular No. 183/02 /2015-ST , Dated 10th April, 2015 Dear Madam/Sir, Subject: Clarification on rate of service tax –...
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Service Export from India Scheme (SEIS) under FTP 2015-2020
ST-Service Export from India Scheme (SEIS) under FTP 2015-2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 11/2015 – Service Tax Dated- 8th April, 2015 G.S.R. 274...
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Merchandise Export from India Scheme (MEIS) under FTP 2015-2020
ST- Merchandise Export from India Scheme (MEIS) under FTP 2015-2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 10/2015 – Service Tax Dated- 8th April, 2015 G.S.R....
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Larger Bench of Tribunal held that Works Contracts are exigible to Service tax even before June 1, 2007
Works Contracts exigible to Service tax even before June 1, 2007 Larger Bench of Tribunal held that Works Contracts are exigible to Service tax even before June 1, 2007 Larsen and Toubro Ltd, Kehems E...
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Commerce Minister releases FTP 2015-2020
; Focuses on boosting manufacture & service exports and employment generation, in line with Central Govt's 'Make in India' initiative
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Central Govt announces 2 new schemes for Merchandise & Service exports
Central Govt announces 2 new Schemes - Merchandise Exports from India Scheme (MEIS) & Service Exports from India Scheme (SEIS); No conditionalities attached to the Scrips; Scrips as well as goods proc...
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No change in rate of Service Tax from 01.04.2015
Clarification- No change in rate of Service Tax Finance bill, 2015 has proposed to increase effective rate of Service Tax from 12.36% to 14%. It is wrongly reported in some quarters that the effective...
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e-filing ST-3 Return Utility for October 2014 to March 2015 available at ACES website
e-filing ST-3 Return Utility for October 2014 to March 2015 available Utility for e-filing Service Tax Return (ST-3) for the period October 2014 to March 2015 is now available in both offline and onli...
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Mondelez India slapped Rs 300-cr tax notice
It's a development that will leave a bitter taste in the mouth. Upholding a tax demand made by the central excise department in February 2013, the Chandigarh central excise office has issued an order...
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New Rate of Service Tax after Budget 2015-16
New Rate of Service Tax Budget 2015-16 The charge of Service Tax under the Finance Act, 1994 as amended so far is at the rate of 12 percent on the value of taxable services. This rate of Service Tax i...
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Applicability of Reverse Charge Mechanism on Service tax on distributor’s commission by Mutual Fund Industry
With the introduction of the Negative List of Services, all eyes, including those of the taxmen and the taxpayers were looking forward to a simplified tax regime. To add to the work of the taxmen and...
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PAN mandatory for service tax registration
Permanent Account Number (PAN) is now mandatory for private firms for getting service tax registration besides email and mobile number. The registration shall mandatorily require that the PAN number o...