Service Tax Articles

Swachh Bharat Cess - Detailed Analysis

Vishal Jain A 09 November 2015 at 11:42

DETAILED ANALYSIS OF SWACHH BHARAT CESS ("SBC")The government of India wide Notification has made levy and collection of "Swachh Bharat Cess" (SBC) mandatory from the 15th November 2015. The following are a few questions and a

Guidelines for issue of prosecution under service tax

CA RITUL PATWA 09 November 2015 at 11:42

The Central Board of Excise and Customs have vide Circular No. 1009/16/2015-ST Dated 23-10-2015 issued consolidated guidelines for launching of prosecution under the Central Excise Act, 1944 and the Finance Act, 1994 regarding Service Tax. The detail

Swachh Bharat Cess @ 0.5% on value of all taxable services levied from November 15, 2015

Bimal Jain 09 November 2015 at 11:42

Dear Professional Colleague,Swachh Bharat Cess @ 0.5% on value of all taxable services levied from November 15, 2015Pursuing with Mr. Narendra Modi�s Dream of Swachh Bharat, in Union Budget 2015, a provision was made for levying a Swachh Bharat

Impact of imposition of Swachh Bharat Cess on various services: FAQs

Ashish Chaudhary 07 November 2015 at 13:05

Finance Act 2015 had provided provision for levy and collection of Swachh Bharat Cess (SBC) under section 119 of the Finance Act, 2015 at a rate not exceeding two percent on the value of services. The levy was to become effective from the date to be

Treatment of Education Cess - Decent notification for service providers

CA Raman Singla 05 November 2015 at 10:38

As per the amendment made by Finance Act� 2015, the rate of service tax has been increased from 12.36% to 14% w.e.f. 01.06.2015. In this respect the issue which arise is that �Whether the cenvat credit of education cess which is available

Credit of EC & SHEC can be used for payment of Service tax

Bimal Jain 31 October 2015 at 10:25

Dear Professional Colleague,Credit of EC & SHEC can be used for payment of Service taxWith the underlying theme of setting the stage for Goods and Services Tax (�GST�), the Union Budget, 2015 had proposed to do away with the Education

Disclosure of Rule 6 of Cenvat Credit in ST-3 Return - Practical Aspects - Part 3

Ashish Chaudhary 22 October 2015 at 12:33

Having discussed on the disclosure of availment and utilization of credit in previous two articles, we shall move on to examining applicability of Rule 6 of Cenvat Credit Rules to a service provider and its di

Cenvat Credit disclosure in ST return-Practical Aspects: Part 2

Ashish Chaudhary 20 October 2015 at 11:05

In the previous article, we had discussed regarding availment of credit while filing of ST-3 Return. It has been very encouraging to receive large number of queries on various aspects related to service tax return filing. To continue the series, in t

Cenvat credit disclosure in ST return- Practical aspects- Part 1

Ashish Chaudhary 14 October 2015 at 10:40

Tax credit in any value added taxation is the second most important aspect after the levy as it goes to reduce the basic cost. If credits are not available fully, it adds to the cost of the product or service resulting in cascading effect of taxes. I

Introduction of goods & ST in 2016 - A myth or reality?

Madhukar N Hiregange 14 October 2015 at 10:39

Media reports and press statements by Government Officials seem to suggest that the Union Government is keen to introduce Goods and Service Tax in the year 2016. While they themselves have given hope of its implementation from 1.4.2016, there seems t