Service Tax Articles

Levy of Service Tax on Under-Construction Flats - Unconstitutional

CA Nischal Agarwal 07 June 2016 at 12:20

Reliance in this connection can be placed on the decision of Hon�ble Delhi High Court in case of Suresh Kumar Bansalvs UOI [W.P.(C) 2235/2011] wherein levy of Service Tax on the value of flats sold during construction stage has been held uncons

No Service Tax Audit by the Service Tax Department or CAG

Bimal Jain 07 June 2016 at 10:41

We are sharing with you an important judgement of the Hon�ble Delhi High Court in the case of Mega Cabs Pvt. Ltd. Vs. Union of India And Ors [2016-TIOL-1061-H

Facing Summons under Central Excise / Service tax

CA Roopa Nayak 07 June 2016 at 10:40

CA Madhukar N.Hiregange & CA Roopa Nayak BackgroundThe issuing of summons under central excise or service tax is viewed with a lot of fear due to lack of awareness and uncertainty by assesses. Under Section 14 [applicable in service tax vide sect

New Taxes Imposed by Indian Government - Krishi Kalyan Cess

Padam Chhabra 04 June 2016 at 11:02

Krishi Kalyan CessThis June, the cost of services is going up. Govt. of India on 30th of May 2016, announced a new tax on all the taxable services. The new tax is Krishi Kalyan Cess of 0.5 percent which will be applicable from 1st June. This will mak

Krishi Kalyan Cess - FAQs

Bimal Jain 03 June 2016 at 10:50

FAQ on Krishi Kalyan Cess KKC to be levied at 0.5% on the value of all taxable services w.e.f June 1, 2016

No Krishi Kalyan Cess on debtors as on 13th May 2016 - Part 2

CA Raman Singla 02 June 2016 at 10:33

The enabling provisions for KRISHI KALYAN CESS (KKC) are contained in Chapter � VI of Finance Act� 2016. As per the provisions, KKC shall be applicable at 0.5% on all taxable services and the proceeds of KKC would be exclusively used for

Rates of service tax in case of Reverse Charge w.e.f. 01.06.2016

CA M. ASIF FAROOQUI 31 May 2016 at 10:59

Service Tax under reverse Charge On or After 01.06.2016 CA M ASIF FAROOQUI Sl. No. Service Abatement if any Effective ST Rate (including SWC & KKC) % payable by service provider

Krishi Kalyan Cess - Applicability & Open Issues

Bimal Jain 30 May 2016 at 10:53

Pursuing with an objective to finance and promote initiatives to improve agriculture and farmer welfare, the Government announced a new cess namely �KrishiKal

Few aspects of Krishi Kalyan Cess (KKC)

Bavesh Kumar Jain 26 May 2016 at 10:08

New levy Krishi Kalyan Cess aka KKC applicable from 01.06.2016 @ 0.5% on value of all taxable service (thus effective rate of ST increases from 14.5% to 15%).

TCS on sale of Goods and Services

CA MOHIT SINGHAL 24 May 2016 at 10:50

Section 206CTax Collected at Source:�TCS is the Tax Collected at Source by the seller (collector) from the buyer(collectee)�. Every person, being a seller, shall collect tax at source (TCS) from the buyer of goods specified in section 206