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Snapshot of changes from Budget
BUDGET V (SNAPSHOT OF CHANGES IN SERVICE TAX FROM 01.04.2015) Exemptions The exemption presently available on specified services of construction, repair, maintenance, renovation or alteration services provided to the government, a local auth
Budget new registration processes
BUDGET III (New registration process) With effect from 01.03.2015 the new registration process shall come into force. The same has been ordered as:- Fill online form ST-1. PAN number is mandatory except for Government departments. E-mail an
Budget proposed dates for applicability of amendments
BUDGET I (Service Tax Proposed dates) The budget has introduced several changes in Service Tax laws. These changes aimed at widening the tax base and to pave the path for smooth implementation of GST. The amendments are categorized a
Budget 2015- Queries & Answers- Part I
Unutilised Credit of CESS Q 1. What will be the fate of credit of Education Cess and Secondary and Higher Education Cess lying unutilized after it being subsumed in basic excise duty ? Answer: Firstly , it will not lapse since no lapsing provision i
Cenvat Credit Changes - Budget 2015
Lot of practical issues have been addressed in this years budget by the Central Government. One of the good news for the tax payer is extension of time limit for availing the Cenvat credit to 1 year fro
Holi of Budget or Budget of Holi. Enjoy it.
Karneet Part 78Holi of Budget or Budget of Holi. Enjoy it.Arjuna (Fictional Character): Krishna, Honorable Finance Minister Mr. Arun Jetley has declared the Budget before Holi on 28th February. Everyones favorite festival Holi is approaching.
Union Budget 2015: Key Changes in Indirect Taxes - Service Tax, Excise and Customs
Amidst huge expectations, the Honble Finance Minister Shri. Arun Jaitley presented the first full-year Budget of the Honble Prime Minister Shri. Narendra Modi's Government on February 28, 2015, Saturday in the backdrop of easing inf
Clause by Clause Analysis of Service tax in Budget 2015
Changes in • Finance Act 1994 • Service Tax Rules 1994 • Exemption Notification • Reverse Charge Mechanism • Abatement Provisions • Miscellaneous Provisions To read the full article: Click Here
Additions in Reverse Charge Mechanism
The budget 2015 has also bought some additions to the reverse charge list. Altogether 3 services have been added to this list w.e.f. 01/04/2015 by notification no. 7/2015 dt 01/03/2015. These are: 1. Services provided or agreed to be provided by a mu
Service providers be ready to fulfill the dream of Modi's 'Swachh Bharat'
It is a regular practice of the government to follow tactics that are illusive and misleading. One of the tricks adopted by the government while increasing the rate of service tax is that during the Budget Speech, the Honble Finance Minister a
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