Dear Professional Colleague, We are sharing with you certain amendments made vide recent Notifications dated August 25, 2014 issued by the Central Board of Excise & Customs (the CBEC): 1. Fixation of date of applicability of Clauses
Revenue Augmentation 6 Month Restriction Can One Avail post 1st September?CA Madhukar N Hiregange& CA Roopa NayakExcise duty collections are expected to be about Rs. 2 Lakhs crores and Service Tax collections about 2.2 Lakhs cror
SERVICE TAX NOTIFICTIONS/CIRCULARS Religious pilgrimage services provided by specified organizations get exemption from Service tax In exercise of the powers conferred by Section 93(1) of the Finance Act, 1994, the CBEC vide its Notification No. 17/2
Present article is designed for discussion of eligibility or ineligibility of Cenvat Credit on input, input services and capital goods to manufacturers and service providers. Discussed provisions are general in nature for the help of readers and may
Interest Hammer on assessee- Illustrated Interest on Service Tax is charged in accordance with the provisions of Section 75 of Finance Act 1994. Rate of Interest up to 01/10/2014 is simple interest of 18% per annum on delayed payment of tax (3% conce
Service Tax on Truck Owners Services provided by way of transportation of goods by road are in the negative list in clause (p) of Section 66D. However, such clause makes an exclusion of services provided by Goods Transport Agency. Thus, it can be inf
Import of Service The Import of Service means that the Service which is being provided by a Service Provider who is located in Non-Taxable territory and the service recipient is located in taxable territory. In such circumstances, the Service Receive
Introduction:Budget 2012 has extended a great benefit to educational institutions by providing exemption for renting and auxiliary educational services provided to or b
General audit under Service Tax Rules Ultra Virus Delhi High Court 4th August, 2014 Rule 5A(2) of the ST Rules, 1994 provides that every assessee has to provide to the officer authorized by the commissioner or CA
As per the existing provision of section 40(a)(ia), any payment made by way of interest, commission, brokerage, rent, royalty, fee for professional services, fee for technical services, payment to a contractor or sub-contractor on which tax is ded
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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