Introduction: Service Tax is very important source of revenue for the Central Government. Therefore it has been tried to increase the tax base by introducing negative tax regime
The concept of set off where an assessee adding value is able to set off the taxes on his purchases, is an important one which enables one to avoid the cascading effect of ta
Cenvat Credit scheme is designed to avoid cascading effects but it has been seen over a period that the government has been diluting the basic philosophy of the rule by introducing many arbitrary restrictions. This has been done to augment reve
By CA. Jai KishanIntroduction:The Point of Taxation Rules, 2011 (hereinafter referred to as �the POT Rules�) were notified on March 1, 2011 and have been amended from time to time. As mention
Brief History:The Service Tax was introduced in India around 21 years back on July 1, 1994 at the recommendations of Dr. Raja Chelliah Committee on tax reforms. The introduction of this levy in India can be termed as milestone in Indian Tax history.T
IntroductionService tax concepts have undergone drastic changes from the day of its introduction. It all started with 3 services. Now it is very hard to find a service which is not liable for service
Supreme Court Supreme Court bench comprising Chief Justice H.L. Dattu, Justice A.K. Mishra and Justice Amitava Roy has stayed the Bombay High Court�s order ,dated 15.12.2014 , of dismissing the petition challenging levy of service tax on lawyer
A. Service Tax1. Rate of Service Tax � The rate of service tax has been changed to 14% w.e.f. June 1, 2015. No cess shall now be applicable. Levy of Swacchh Bharat Cess has not been notified till yet.2. Service Tax payment for the month of Jul
Dear All,The CBEC vide its circular no 185/4/2015 dated 30th June 2015 has revised the procedure for scrutiny of the service tax returns. This is a step towards ensuring whether the self-assessment carried out by the assessees is in line with the pr
Use of Digital Signature and Electronic maintenance of records under Central Excise and Service Tax Government of India has in the recent past launched its dream initiative of �Digital India� which promises to integrate the government dep
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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