We are sharing with you an important judgment of the Hon’ble High Court of Gujarat in the case of Commissioner of Income Tax-III Vs. Kaypee Mechanical India (P.) Ltd. [(2014) […]
Service Tax
Increase Basic Service Tax Exemption Limit to Rs. 25 Lakh
Basic Exemption Limit for Small Service Providers In Its pre-budget memorandum-2014 on Indirect taxes Institute of Chartered Accountants of India (ICAI) has suggested that Current Service Tax Exemption Limit of […]
Service Tax Mega Exemptions Notification -As amended by Notification No. 01/2017-ST dated 12-01-2017
Service Tax Mega Exemptions Notification [Notification No.25/2012-ST dated 20-06-2012] (As amended by Notification No. 01/2017-ST dated 12-01-2017) In exercise of the powers conferred by sub-section (1) of section 93 of […]
Service tax shall not be leviable on under construction flats if contract price includes value of land-Delhi HC rules
Delhi High Court (HC), wherein, the Court held that service tax cannot be charged under section 66 read with section 65(105)(zzzh) of the Finance Act, 1994, on sale of […]
Comparative Service Tax Chart with Service Tax Rate of 14 % ,14.5 % and 15%
Comparative Service Tax Chart with Service Tax Rate of 14 % ,14.5 % and 15% Service tax rate increased from 14.5% to 15% (increase by way of levying Krishi Kalyan Cess […]
SERVICE TAX ANNUAL RETURN
Annual Return under Service Tax (Applicable w. e. f. 01.04.2016): Rule 7, 7B and 7C of Service Tax Rules 1994 are being amended to provide for filing of annual return […]
Accounting code for KKC ‘Krishi kalyan cess’
CEBC Has issued circular (194/04/2016-ST, dt 26.05.2016) for accounting code for KKC ‘Krishi kalyan cess’ Basic (0.50%) = 00441509 Interest = 00441510 Deduct refund= 00441511 Penalty = 00441512.
Krishi Kalyan Cess – Important Points
Service tax -Krishi Kalyan Cess Important points 1. This Cess (KKC) is applicable only on taxable services 2. This Cess is applicable w.e.f. 01.06.2016 3. This cess is leviable on […]
Rate of Interest – Late Payment Service Tax
Rate of Interest – Late Payment Service Tax Date from Date to Interest Rate (%) Description 16-Jul-01 15-Aug-02 24 16-Aug-02 09-Sep-04 15 10-Sep-04 31-Mar-11 13 01-Apr-11 30-Sep-14 18.00* 01-Oct-14 18.00* […]
LIST OF SERVICES WITH ACCOUNTING CODES AND EFFECTIVE DATE -SERVICE TAX
LIST OF SERVICES WITH ACCOUNTING CODES AND EFFECTIVE DATE SrNo Service Name e-Return Code Accounting Codes- Service Accounting Codes- Other / Interest Accounting Codes- Penalties Clause u/s 65 […]