Service Tax Articles

Cenvat For automobile Dealers

CA Ankit Bhutoria 13 October 2012 at 12:56

Brief Introduction Generally Automobile Dealers are engaged in three main activities i.e. Selling of Vehicles, Selling of Spare parts of vehicle, and working as an Authorized Service Station on behalf of the principal. In the course of selling

Acounting for Cenvat

Venkatanarayana GM 12 October 2012 at 12:07

Introduction: Accounting under service tax is one of the important aspects for the assesses in the organization . In this article we would like to highlight some important basic accounting entries with regard to service tax. So that, the organi

Understanding Declared Services

Madhukar N Hiregange 08 October 2012 at 11:53

Introduction Every year Budget introduces amendment in various tax laws with the aim of rationalization in the tax regime of the country. Budget 2012 in the same row came out with various

Refund of Service tax paid on exempted service permissible

Bimal Jain 06 October 2012 at 15:18

Whether Refund of Service tax paid on an exempted service permissible? We are sharing with you an important judgement of Honble CESTAT-Mumbai in the case of Crown Products Pvt. Ltd. Versus CCE, Nashik [2012 (8) TMI 373 - CESTAT, MUMBAI] on fo

SSP Exemption under Service Tax

CA. K S Chauhan 02 October 2012 at 13:04

SSP/ threshold Exemption under Notification No. 33/2012 - Service Tax Dt. 20/06/2012: SSI exemption limit along with date of applicability and relevant Notification number: Period Exemption limit (Rs.) Rel

FAQs: Partial Reverse Charge - Service Tax

Bimal Jain 21 September 2012 at 12:25

Service Tax Partial Reverse Charge Mechanism FAQs Under the Reverse Charge Mechanism the Service recipient is liable to pay service tax in cash, directly to the Government Treasury on notified services as per Notification No. 30/2012

Understanding consideration to determine Service Tax payable

CA Meenu Garg 18 September 2012 at 11:37

A clarity is must as far as the term consideration is concerned. The phrase consideration has not been defined in the Act. But the explanation (a) of section 67 gives inclusive definition of consideration stating that i

Service tax on Vocational education/training courses

Bimal Jain 10 September 2012 at 14:14

Service tax on Vocational education/training courses TRU has issued a Circular No. 164/15/2012-ST dated August 28, 2012 clarifying certain issues in relation to levy of service tax on certain vocational education/training/ skill development courses

Clarification on Reverse Charge Mechanism of Service Tax

CA Prashant Gupta 10 September 2012 at 14:12

Hello everyone, Thank you very much for a great responce on my article reverse charge mechnism of service tax. I have received lots of mails for seeking clarification. I am trying to solve some major issues in reverse mechanism. Since the introduc

Service Tax After All Amendments Upto Date

pankaj 01 September 2012 at 12:54

What is Service Tax? Whether it is direct or indirect tax? Service tax is an indirect tax levied on certain services provided by certain categories of persons/firms/agencies. Service sector was not taxed for considerably very long time. For the fir