Service Tax Articles

Rule 6(3): Cenvat Credit Rules

Sunil Kumar 23 April 2016 at 11:59

CENVAT CREDIT AVAILABLE VS CENVAT CREDIT TAKENALARMING AMENDMENT IN RULE 6(3) OF CENVAT CREDIT RULES(a) A manufacturer who manufactures two classes of goods namely:- Non exempted goods removed Exempted goods removedOr(b) a provider of output servic

Any services provided by Government to a Business Entity chargeable to ST

Bimal Jain 15 April 2016 at 11:25

The Central Government has issued 3 important Notifications, dated April 13, 2016 to limit the scope of the Governmental services, which have been brought to Service tax under Reverse Charge w.e.f. April 1, 2016.

Reverse Charge Mechanism under Service Tax

Shubham Gupta 12 April 2016 at 10:54

This reverse charge mechanism was first introduced from 01-01-2005 on 4 services namely telecommunication service, general insurance business, insurance auxiliary service, Goods Transport Agency services Reve

Common errors while filing service tax return

SHILPA GUPTA 11 April 2016 at 13:36

With the service tax return season going on, consultants practising in the field of Indirect tax would be occupied in filing of Service tax return. The due date for filing of service tax return being 25 April; gives assessee a time of 25 days for pre

Changes in Service Tax by Finance Bill 2016

CA. K S Chauhan 08 April 2016 at 10:44

Prevailing Service Tax Rate: @14% Cenvat Available Swachchh Bharat Cess: @ 0.5% [w.e.f. 15/11/2015]Cenvat Not Available Krishi Kalyan Cess: @ 0.5% [w.e.f. 01/06/2016] New LevyCenvat Available1. CHANGES IN NEGATIVE LIST AS GIVEN U/S 66D OF CHAPTER-V O

Mobile accessories turns expensive

Pradeep Jain 29 March 2016 at 11:44

Introduction:-With the hype created regarding implementation of revolutionary taxation reform, i.e., GST in the financial year 2016-17, the government attempted to mentally prepare the assessees as regards substantial reduction in the exemptions avai

Service Tax RCM on works contract

Pankaj Gandhi Jaiswal 26 March 2016 at 12:11

Date : 19.03.2016M/s. ABC LLP ( Service Provider )M/s. XYZ Limited ( Service Recipient ) Ref: Service Tax on Works Contract and RCM Opinion Before giving opinion on the issues it will be useful to refer the questions related with this transaction. A

Relevant date for export of service

SHILPA GUPTA 26 March 2016 at 12:11

What is relevant date for claiming refund for export of service??A 100% exporter of service is generally unable to utilise the CENVAT Credit balance of inputs, input service and capital goods lying in his books and accordingly claims refund as per Ru

Analysis of amendments in service tax by finance bill 2016

PUNEET GOYAL 26 March 2016 at 12:11

Important Note 1. This analysis covers amendments made by Finance Bill 2016 in Finance Act, 1994 only. 2. Amendments made in STR, CCR, POT Rules and in various notifications are not covered under this analysis

Service tax assessees to file annual return

Pradeep Jain 22 March 2016 at 11:17

Introduction:-Although, with the government resorting to implement unified taxation regime GST in near future, it was hoped that the number of returns to be filed by an assessee would reduce substantially and this has been done in case of Central Exc