Service Tax Articles

Taxes on Petroleum Products: A convenient cash cow

CA. Rajvir Bhatnagar 22 December 2015 at 10:33

Petroleum under GST regime:The Constitutional Amendment Bill on Goods & Services Tax (GST), recently cleared by the Cabinet provides that petroleum & petroleum products viz. petroleum crude, high speed diesel, motor spirit (petrol), natural g

Eligibility of Cenvat credit on Catering services

Ravi bihani 17 December 2015 at 10:53

The definition of �input service� under Cenvat Credit Rules, 2004 has been amended drastically w.e.f. April 2011 and because of such amendments, majority of interpretations and settled posi

Accumulated Education Cess Balance: All Hopes in Vain!

Pradeep Jain 15 December 2015 at 16:13

Introduction:- Since the announcement of the exemption being granted to the levy of Education Cess and SHE Cess by the Finance Minister in Budget 2015-16, the issue as regards the utilisation of the accumulated balance of Education Cess and SHE Cess

Service Tax relating to Courier Agency

Ajay Chandramouli 15 December 2015 at 16:12

Courier agency business gained its boom in the economy when the players in e-tailer market have gained importance.At the very instinct we have to understand what is Courier agency services???As per Sec 65B interpretations �courier agency"

Liability on scrap if generated from activity not amounting to manufacture

CMA Vignesh R 10 December 2015 at 16:17

Background:Generally all Manufacturers are not fully equipped to Process/manufacture a complete product. Therefore to carry out certain intermediate production process they send their raw materials or their semi-processed goods to a job worker. In t

Why we need Swachh Bharat Cess in India

priya garg 09 December 2015 at 11:15

In today’s scenario,all are discussing about SBC which was launched by Prime minister, Narendra Modi with the aim to improve the sanitation in rural and urbn areas so that the overll quality of life improves. Since its launch govt. has made sub

A to Z of Swachh Bharat Cess

CA.Manindar Kakarla 08 December 2015 at 16:58

Introduction:With a view to source funds for Swachh Bharat initiative, Section 119 of Finance Act, 2015 is intro

Service tax on export of service

Jatin Grover 05 December 2015 at 11:27

Export the goods and not the taxes is the common line that we hear, this statement is also valid in Finance Act, 1994 for export of service. However Rules framed under Finance Act, 1994 have defined the term �Export of Service� and if the

Service Tax on Transportation by Education Institutions

CA RITUL PATWA 04 December 2015 at 10:22

Service Tax Department has initiated to issue Notices to the Education Institutions for charging Service Tax (retrospectively) on the Transportation Charges / Bus Fees charged by them from their Students, Staff or Faculty between the period from 01-0

Admissibility of Swachh Bharat Cess as Cenvat Credit

VIKAS KHANDELWAL 03 December 2015 at 12:35

CBEC released a FAQ on 14.11.2015 which clarified that Swachh Bharat Cess (SBC) shall not be available as CENVAT Credit and liability of same cannot be discharged by utilizing CENVAT Credit. Q.14 of FAQ dealing with the issue is reproduced as under: