Articles by CA Roopa Nayak

Cost sharing by companies and service tax

CA Roopa Nayak 24 May 2016 at 10:49

BackgroundA group company could procure resources such as server space, software licenses, office space and various other facilities from vendors. When a company say Co Aof Karnataka procures such

Impact of Krishi Kalyan Cess - Service tax

CA Roopa Nayak 23 May 2016 at 10:40

Krishi Kalyan Cess Service tax rate has been proposed to increase from 14.50% to 15% from 1st June to finance and promote initiatives to improve agriculture.

Pre-registration credit for manufacturers and service providers

CA Roopa Nayak 17 May 2016 at 10:54

BackgroundIn order to start new business operations in any sector, the project costing has to factor in the indirect taxes.Basic Customs Duty(BCD), Excise duty and Countervailing duty[CVD], 3% Customs Cess and 4% Special Additional duty(SAD)are paid

Amendments in CE and ST wef 1st June 2015

CA Roopa Nayak 25 May 2015 at 15:03

Service Tax & Central ExciseAmendments effective from 1st June 2015Service Tax� Notification No.13/2015-ST dated 19.05.2015 Omits the definition of �Chit� from Notification No.26/2012-ST dated 20.06.2012 (Abatement Noti

Impact of increase in service tax rate to 14%

CA Roopa Nayak 21 May 2015 at 17:03

New service tax rate of 14% is effective from June 1, 2015. This article is intended to provide you with insights of how to deal with change in rate and which scenarios old rate shall prevail and when a new rate has to be applied. Few of the practica