REVERSE CHARGE MECHANISH CHART IN SERVICE TAX – FY 2016-2017 AY 2017-2018 Effective rates of Service tax to be payable by Service Receiver (“SR”) under full Reverse Charge and by […]
Service Tax - 2. page
SERVICE TAX ABATEMENT CHART FOR FY 2016-2017 AY 2017-2018
SERVICE TAX ABATEMENT CHART FOR FY 2016-2017 AY 2017-2018 Sl. No. Description of taxable service Taxable per cent (%) Abatement per cent Effective rate of ST: 01.06.2015 to 14.11.2015 (%) […]
NEW SERVICE TAX RATE CHART FOR FY 2016-17 with SERVICE TAX RATE 15% from 1st June 2016
New Service Tax Chart with Service Tax Rate of 15% Service tax rate increased from 14.5% to 15% (increase by way of levying Krishi Kalyan Cess at 0.5% ). The Said change […]
Service Tax Return Due Date Extended to April 29 ,2016 from April 25,2016
The tax authority has extended last date till April 29 for filing of Service Tax-3 return in view of difficulties being faced by tax payers with regard to Automation of […]
Changes in Cenvat Credit Rules, 2004 (“the Credit Rules”) vide Notification No. 13/2016-Central Excise (N.T) dated March 1, 2016
Relevant Rule Particulars Rule 2(a) Definition of ‘capital goods’: Wagons of Sub Heading 8606 92 of the CETA and equipment and appliance used in an office located within a factory […]
CHANGE IN EXEMPTIONS FROM SERVICE TAX FROM 1ST APRIL, 2016
Exemption to senior advocate in respect of service to advocate or to partnership of advocates and a person represented on an arbitral tribunal to an arbitral tribunal is being withdrawn […]
CHANGE IN ABATEMENT RATE of SERVICE TAX FROM 1/4/2016
While claiming abatement 90% in relation to Services of solely booking accommodation of tours, it is made necessary to include accommodation cost in invoice along with service charges. Now there […]
CHANGES IN REVERSE CHARGE MECHANISM AFTER BUDGET 2016 FROM 1/4/16
Services of mutual fund agents/ distributor to a mutual fund or assets management company are being put under forward charge. The liability to pay service tax on any service provided […]
CHANGES IN SERVICE TAX RULES FROM 1ST APRIL, 2016
One person company ( OPC) whose aggregate value of services provided is up to Rs. 50 Lakhs can get benefit of quarterly payment of service ax and payment of service […]
Applicability of provisions of the Central Excise Act, 1944 to service tax [Section 83]
Applicability of provisions of the Central Excise Act, 1944 to service tax [Section 83] : The following provisions of the Central Excise Act, 1944 are made applicable to service tax vide section […]