Service Tax Articles

Point of Taxation Rules - Applicability of New or Old rate of Service Tax

Bimal Jain 15 May 2012 at 11:07

Point of Taxation Rules - Clarification is New Fad for CBEC CENTRAL Board of Excise and Customs (CBEC) has issued clarification vides Circular No. 158/9/ 2012ST dated. 8th May, 2012 on the rate of service tax applicable w

Steps for E-Filing of Service Tax Return

Naveen Chand Khulve 23 April 2012 at 11:29

W.e.f. 01.10.2011 vide Notification No. 43/2011 Service Tax, dated 25.08.2011 E-filing of Service Tax Returns (ST-3) made mandatory for all Assessees . Here is the steps for e-filing of service tax return Steps for E-Filing of Service Tax Re

Determination of Rate of Service Tax

Naveen Chand Khulve 06 April 2012 at 13:37

As rate of Service Tax has increased to 12.36% from existing rate of service tax 10.30% from 01.04.2012 so here I am sharing the point of taxation (POT) in such circumstances which must be considered by assessee while issuing invoice. Service was

Determination of Date of which rate of service tax to be taken

PUNEET GOYAL 31 March 2012 at 14:51

PRECAUTION TO BE TAKEN FOR TAKING RATE OF SERVICE W.E.F 01.04.2012 (Either 10% or 12%) (Before proceeding further please read the disclaimer at the bottom of this write up) With effect from 01.04.2012, rate of service tax has been increased from 10%

Budget changes in service tax relating to Construction Industry

CA.Manindar Kakarla 28 March 2012 at 14:46

New Definition for Work Contract A new definition for the Work Contract has been introduced through Sec 65B (54) and is as follows: "Works contrac

Reverse Charge Mechanism in service tax-more clarifications

Amit Bajaj 22 March 2012 at 15:46

In the Budget-2012-13 under the new Reverse Charge Mechanism in certain services the recipient of the service has been made liable to pay tax instead of service provider. In three of services namely hiring of means of transport, construction and

Lump sum scheme for payment of service tax in works contract

Amit Bajaj 21 March 2012 at 12:21

In works contract service lump sum scheme for payment of service tax in a works contract has been introduced by amendment in Rule 2A of the Service Tax (Determination of Value) Rules, 2006 vide Notification No. 11/2012 - Service Tax dated 17-03

Input Service Distributor's choice taken away

Pradeep Jain 20 March 2012 at 12:09

Changes have been brought in Rule 7 of Cenvat Credit Rules, 2004 vide Notification No. 18/2012-CE (NT) dated 17.03.2012

Aligning Service Tax provisions with Central Excise

Pradeep Jain 17 March 2012 at 17:13

The Budget, 2012 has brought many changes in the Service Tax provisions in an attempt to align the same with provisio

Were Section 76 and 78 Always Mutually Exclusive?

CA Ankit Gulgulia (Jain) 07 March 2012 at 13:20

Where a person is liable to pay service tax u/s 68 and fails to credit the tax or any thereof to the account of the Central Government within the prescribed time limit then he shall be liable to pay taxes along with applicable interest under section