Prudvi Raj Saya (Employed) (147 Points)
05 April 2011
I see that there have been some changes in respect of point of taxation of Services.
I think that these are not applicable for May, 2011 because the relevant notification comes into effect from April, 2011.
Am I right? please rep asap.
Thanks
Suresh Prasad
(www.aubsp.com)
(15630 Points)
Replied 05 April 2011
Levy of service tax
As on 31st July, 2010, 117 services are taxable services in India. These taxable services are specified in Section 65(105) of the Finance Act,1994. Section 64 of the Finance Act, 1994, extends the levy of service tax to the whole of India, except the State of Jammu & Kashmir.
Generally, the liability to pay service tax has been placed on the ‘service provider’. However, in respect of the taxable services notified under Sec.68(2) of the Finance Act,1994, the service tax shall be paid by such person and in such manner as may be prescribed at the rate specified in Sec.66 of the Act and all the provisions of Chapter-V shall apply to such person as if he is the person liable for paying the service tax.
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Suresh Prasad
(www.aubsp.com)
(15630 Points)
Replied 05 April 2011
Significant notifications/ circulars/other legislations up to 31.10.2010 would be applicable for May 2011
Service Tax (Amended upto Dec 2010)
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