Q: What is Service tax?A: Service tax is an indirect tax levied under the Finance Act, 1994, as amended from time to time, on specified services. At present, there are approximately 96 categories (including 15 new services introduced by Budget 2006)
Basic Principles- Service TaxMadhukar N Hiregange FCA, DISA (ICAI)& Roopa Nayak ACAThe net of service tax was stated with 3 services in the year 1994 has become wide enough to cover 104 services today. Law being young and having wide applicabili
IMPORT OF SERVICES The statutory provisions use the words ‘Services provided from outside India and received in India’. However, generally, the ta..
Amazing Opportunities for Professional Practice – Service Tax Madhukar N Hiregange FCA The practice in service tax is one area which would offer immense opportunities for the starter as well as multi partner firms.
Where an assessee is providing taxable service from more than one premises or offices or has centralised Billing System or centralised Accounting System, he m..
FREQUENTLY ASKED QUESTIONS ON SERVICE TAX By Madhukar N Hiregange (FCA, DISA) & Sri
Service Tax- Residential Complex- Developers Exempt By Madhukar N Hiregange, FCA, DISA (ICAI) & Sudhir V S B.com, ACA In the Finance Act of 2004 commercial construction was introduced followed by site formation and residential complex constructio
Section 68 of the Finance Act, 1994 is the principal section which fixes responsibility to payservice tax. The powers to decide time and manner of payment of service tax have beengranted to the Central Government vide Rule 6 of the Service Tax Rules,
REGISTRATION 1) Whom & where should one approach for registration? Ans. Generally, all Commissionerates of Central Excise, have a Service Tax Cell, headed by Assistant Commissioner. However, in certain Comm
PUBLIC RELATIONS SERVICES- CA SUDHR HALAKHANDI (The article was written when service tax was introduced on Public relations services- ca sudhir halakhandi) Finance Act-2006 has introduced one more interesting and widely used service under the sc