Service Tax Articles

Credit Reversal on Trading of Flats- Questions that remains unanswered

Posted by Pradeep Jain 18 June 2013 14521 Views

Introduction:- This is a court of law, young man, not a court of justice. This phrase by Oliver Wendell Holmes, Jr. is remembered by every person who loses in court of law despite being genuine and working in boundaries of la

Point of Taxation Rules 2011 - Part 1

Posted by AMEER SHA 18 June 2013 13144 Views

Hello Friends, This is my first article on this plat form. Please go through it and let me know if there is any misatkes or areas to be improved. Are you able to guess which tax it relates to ??? Excise duty? , Income Tax ? or Service Tax&

Overview of Service Tax Voluntary Compliance Encouragement Scheme, 2013 - Series 1

Posted by Bimal Jain 18 June 2013 32166 Views

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has been implemented with effect from May 10, 2013 with the enactment of the Finance Bill 2013. We have prepared and summarized overview of the Scheme for ease of your un

Best Practices - Reply to SCN

Posted by Madhukar N Hiregange 13 June 2013 18788 Views

The service tax law has resulted in a large number of disputes [ more than 1 lakhs + pending as on date] mainly due to the fact that the law is changing frequently and drafting has been seen to have many loose ends. The trigger happy attitude of so

Cenvat Credit on services of commission agents

Posted by Pradeep Jain 12 June 2013 27124 Views

CENVAT CREDIT ON SERVICES OF COMMISSION AGENTS: A COMMON ISSUE WITH CONTRARY DECISIONS Introduction: Cenvat Credit has been a highly sensitive issue since its inception. The assessees always attempt to avail credit of every possibl

Place of Provision of Service - Including Issues

Posted by Madhukar N Hiregange 11 June 2013 39163 Views

Introduction Under earlier method of taxation (positive list based) the services which were provided in India were taxable, without any distinction of f

Reverse- Joint Charge - Possible Way Out

Posted by Madhukar N Hiregange 07 June 2013 12410 Views

Reverse- Joint Charge Under Service Tax- Possible Way Out CA Madhukar N Hiregange The common citizen, the trader [ big & small] , small scale service providers, manufacturers who in normal course are not providing services would not be registere

RULE 3 (5B) of the CCR - Write-off or 'Provision to write-off' versus Cenvat Reversals, Analysis

Posted by Manoj Pala 31 May 2013 43898 Views

RULE 3 (5B) of the CCR - Write-off or provision to write-off versus CENVAT Reversals, Analysis We refer to Sub-rule (5B) of Rule 3 of the CCR states that if the value of any: (i) input, or (ii) capital goods before being put

Impact of Service Tax on Different Audits

Posted by Madhukar N Hiregange 29 May 2013 83642 Views

This article provides some inputs on what care a CA should take or at least shouldbe aware when conducting the tax audit, internal audit or statutary audit. We have included some

Electricity charge from tenant not chargeable to Service Tax

Posted by Bimal Jain 29 May 2013 26010 Views

Electricity charge recovered from tenant not includible in renting of immovable property We are sharing with you an important judgement of the Ld. Commissioner of Central Excise (Appeals), Chennai in the case of In Ticel Bio Park Ltd. (2013) 33 tax