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Service Tax Articles


Brief case studies on change in rates of service tax

  Arijit Ghose    02 June 2015 at 11:52

Change in Effective Rate of Taxation- Service Tax On account of some errands to be run which I have postponed for almost a year, I find myself travelling today (ie June2nd, 2015) to Kolkata from Mumbai. I was not much pleased about the prospects of t



Export condition fulfilled even if payment is received in Indian Rupees

  Bimal Jain    30 May 2015 at 11:16

Dear Professional Colleague,Export condition fulfilled even if payment is received in Indian RupeesWe are sharing with you an important judgment of the Hon�ble Mumbai Tribunal, in the case of Sun-Area Real Estate Pvt. Ltd. Vs. Commissioner of S



Amendments in CE and ST wef 1st June 2015

  CA Roopa Nayakpro badge    25 May 2015 at 15:03

Service Tax & Central ExciseAmendments effective from 1st June 2015Service Tax� Notification No.13/2015-ST dated 19.05.2015 Omits the definition of �Chit� from Notification No.26/2012-ST dated 20.06.2012 (Abatement Noti



Impact of 14% ST rate

  Madhukar N Hiregange    22 May 2015 at 10:26

IntroductionService tax rate had been proposed to increase from 12% to 14% effective from 1st June 2015 vide notification no.14/2015-ST. The Cesses are also subsumed in the rate of 14%. Additional revenue on account of this increase is estimated to



Taxability of newly taxable services from June 1, 2015

  Bimal Jain    22 May 2015 at 10:26

Dear Professional Colleague,Taxability of newly taxable services from June 1, 2015The Ministry of Finance, Department of Revenue vide Notification No. 14/2015-ST dated May 19, 2015 has notified that the following changes in relation to the Negative L



Impact of increase in service tax rate to 14%

  CA Roopa Nayakpro badge    21 May 2015 at 17:03

New service tax rate of 14% is effective from June 1, 2015. This article is intended to provide you with insights of how to deal with change in rate and which scenarios old rate shall prevail and when a new rate has to be applied. Few of the practica



Analysis of Service tax rate increase from 12.36% to 14%

  CA Chitresh Gupta    21 May 2015 at 11:51

ANALYSIS OF SERVICE TAX RATE INCREASE FROM 12.36% TO 14% (SUBSUMING EC ANDSHEC) EFFECTIVE FROM 01.06.2015By CA. Chitresh Gupta, B.Com(H), FCA, IFRS (Certified), IDT (Certified)Author of Book �An Insight Into Goods & Service Tax�Managi



Changes by way of notifications issued on 19th May'2015

  Shivani    21 May 2015 at 10:52

Changes by way of notifications issued on 19th May�2015 to beeffective from 1st June�2015 13/2015 Omits the definition of 'chit' from the abatement notification 26/2012.�chit� means a transaction whether called chit,



Service Tax Rate 14% with Point Of Taxation Rules,2011

  Gaurav Arya    21 May 2015 at 10:52

Dear All Central Government has enhanced the rate of Service Tax Rate from 12.36% to 14% vide Notification 14/2015-ST dated 19th May, 2015. New rate of 14% is effective from 01st June,2015. Pursuant to the above stated increase, the rate of tax that



New Service tax rate of 14%(Subsuming EC and SHEC) to come into effect from 1st June and other changes

  Bimal Jain    20 May 2015 at 10:20

Service tax rate increased from 12.36% 14% (Subsuming EC and SHEC) effective from June 1, 2015 and Other changesAfter the Hon�ble President has given assent to the Finance Bill, 2015 on Thursday, May 14, 2015, the Ministry of Finance, Departmen