Service Tax Articles

Service Tax and VAT on under-construction flat/ unit

CA. Vikash Dwivedi 23 August 2012 at 13:09

Service Tax and VAT on under-construction flat/ unit Introduction Service Tax and VAT on construction services have created lots of buzz among the property buyers. To me this is undue hardship on those who are buying residential property for the p

FAQ on Service provided by Directors to Company

Bimal Jain 18 August 2012 at 12:14

FAQ on Service provided by Directors to Company The CBEC has issued Notification No. 45/2012-ST dated 7-8-2012, amending the Notification No. 30/2012-ST dated 20-6-2012 and expanded the scope of reverse charge mechanism. With effect from 7-8-2012, s

Service tax on Director's remuneration payable by companies

CA Meenu Garg 18 August 2012 at 12:14

All the companies are required to pay service tax under reverse charge on any remuneration paid to its directors whether in the form of money or otherwise and thresh hold limit of Rs. 10 lakhs will not be applicable on such case. As per the ame

Reverse Charge Mechanism of Service Tax

CA Prashant Gupta 13 August 2012 at 11:24

Reverse charge mechanism is not a new concept in service tax. Under the reverse charge mechanism, instead of service provider, the service receiver is liable to pay service tax. In that case, the service receiver will register himself with service

Service provided by Directors & Security Services

Bimal Jain 11 August 2012 at 13:35

Service provided by Directors and Security Service under partial Reverse Charge: Dear Professional Colleagues, The CBEC has issued following notifications dated August 7, 2012 which are summarised here below for your easy digests: Notification No. 4

Cenvat Credit- Real Estate Industry

CA Nikhil Jhanwar 11 August 2012 at 13:35

After new regime in service tax has been introduced, there hves been various issues regarding availability of Cenvat Credit for Real Estate Industry. Through this write-up all major issues have been clarified

Special Analysis of Service Tax on Directors & Security

Savan Somani 11 August 2012 at 13:34

Subject: Service Tax HEADING: Special Analysis of Service Tax on Directors & Security Services ON DIRECTORS SERVICES BRIEF: In the absence of mention of any date in the notification, it shall be effective from the date of publication in of

Service Tax - Place of Provision of Service Rules: Analysis

Rishabh 07 August 2012 at 11:52

The negative list of taxing services has hailed complexities in determination of the jurisdiction of the statute for taxation of services. The emphasis for taxing services is on the provision of services in the taxable territory. However, due to

Service Tax- New Approach

Jeevesh Mehta 01 August 2012 at 11:35

BRIEF OF FEW CHANGES MADE IN SERVICE TAX BY FINANCE ACT, 2012, APPLICABLE FROM 1, JULY, 2012 Budget has unhered a new system of taxation of services known as Negative List Approach. Till now services of specified description were sub

Suggestions - Service tax on staff benefits & employment

Bimal Jain 01 August 2012 at 11:35

Suggestions invited by TRU - Service tax on staff benefits and employment related transactions TRU has issued a Draft Circular F. No 354/127/2012-TRU dated July 27, 2012 clarifying certain issues in relation to leviability of service tax on staff be