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CAG Report on wrong Availment of Service Tax 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 descripti...
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CAG report on irregular Availment/Utilisation of Cenvat Credit
Availment/Utilisation of Cenvat Credit A provider of taxable services can, in terms of rule 4 of the Cenvat Credit Rules, 2004 avail credit of excise duty paid on inputs and capital goods and service...
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CAG report on non/short-payment of service Tax
Section 67 of the Finance Act, 1994, envisages that where the provision of service is for a consideration in money, value of taxable service shall be the gross amount charged for such service. During...
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Service Tax Payment due Date for November Month Extended to 20-12-2015 in Tamilnadu
For all Service Tax assessees in the State of Tamil Nadu, the date for payment of Service Tax for November 2015 is extended to 20th December 2015 vide Notification No. 26/2015-Service Tax dated 09th D...
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Levy of service tax on Seed Testing with effect from 01.07.2012
Circular No.189/8/2015-Service Tax F. No. 354/279/2015-TRU Government of India Department of Revenue Central Board of Excise & Customs New Delhi New Delhi, Dated- 26th November, 2015 To Principal Chie...
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Swachh Bharat Cess – Not Cenvatable But Whether Refundable?
Swachh Bharat Cess – Not Cenvatable But Refundable When the celebrations of Diwali was sounding high on bursting crackers, the Ministry of Finance lit a much higher sounding cracker in the name of Swa...
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Swachh Bharat Cess –Tax Provisions and Salient Features
When Finance Act, 2015 was enacted, rate of Service Tax was enhanced from 12% to 14% and both education cesses subsumed in the enhanced rate of Service Tax. Alongwith, a new cess called Swachh Bharat...
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Service Tax Rate effective from 15th November 2015
Service Tax Rate Chart effective from 15th November 2015 Sr. No. Taxable service Taxable Value Rate wef 15.11.2015 Rate w.e.f. 01/06/2015 to 14.11.2015 Old Effective Rate up to 31.05.2015 Condition 1...
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Govt notifies date of applicability of Swachh Bharat Cess
Swachh Bharat Cess @ 0.5% on value of all taxable services levied from November 15, 2015 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF IND...
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SC Invites Suggestions On Measures to Improve Collegium System for Appointment of Judges
Department of Justice Ministry of Law and Justice Public Notice As per the direction of the Supreme Court of India vide order dated November 5, 2015 in the matter of Supreme Court Advocates-on-Record...
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YOGA is now Tax Free Service
Baba Ramdev must be delighted!! In a welcome move to promote YOGA, the Central Government has exempted the activities relating to ‘advancement of yoga’ from the levy of service tax. The definition of...
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Amendment in Negative List of Service Tax
Government exempts the services provided by a business facilitator or a business correspondent to a banking company with respect to Basic Savings Bank Deposit Accounts covered by Pradhan Mantri Jan Dh...
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Levy of service tax on transportation of passengers by rail
GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (RAILWAY BOARD) ***** (Commercial Circular No. 32 of 2015) No. TCII/2910/2012/Service Tax New Delhi Dated- 26.05.2015 The General Managers, All Zonal Railways....
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Introduction of facility of payment of rebate / refund claims amount directly to the assessee / exporters’ Bank Account – Reg.
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE OFFICE OF THE COMMISSIONER OF CENTRAL EXCISE, CHENNAI – I COMMISSIONERATE 600034 26/1, MAHATMA GANDHI MARG, CHENNAI- 600 034 _____________...
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CBEC clarification on chargeability of Service tax on GTA explained
1. CBEC Clarification vide Circular No. 186/5/2015-ST dated October 5, 2015: (a) Various services provided by GTA in transportation of goods by road shall be treated as part of GTA service The service...
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70% abatement Eligible on services Ancillary to GTA service : CBEC
Circular No.186/5/2015-ST, F. No. 354 / 98 /20015-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ***** New Delhi, dated 5th October, 2015 To, Princ...
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Mega Exemption Notification 25/2012 – Service Tax dated 20th June, 2012 (Updated)
Mega Exemption Notification – Service Tax The Central Government has exempted many of the services from the levy of Service Tax vide Notification no. 25/2012 – Service Tax dated 20th June, 2012. This...
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Services Tax- Measures Taken for Ease of doing Business in India
In line with the objectives to facilitate trade and improve ease of doing business, the following measures have been taken by CBEC during last one year: A. SERVICE TAX Reduction in number of levies: E...
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CBEC - Waiver of issuance of SCN
CBEC clarifies on SCN issuance & proceedings conclusion as per amended penal provisions in Service Tax and Central Excise Background: The penal provisions under the Service Tax and the Central Excise...
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Mandatory pre-deposit for filing appeals under Service Tax, Excise and Customs prior to August 6, 2014
We are sharing with you an important judgement of the Hon’ble High Court of Allahabad in the case of Ganesh Yadav Vs. Union of India [2015 (59) taxmann.com 447 (Allahabad)] on the following issue: Iss...