Suresh Prasad (www.aubsp.com) (15630 Points)
02 April 2011
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Service Tax Notifications of Year 2011 |
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(Notifications issued by TRU) |
Suresh Prasad
(www.aubsp.com)
(15630 Points)
Replied 02 April 2011
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Service Tax Notifications
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Suresh Prasad
(www.aubsp.com)
(15630 Points)
Replied 02 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.
Suresh Prasad
(www.aubsp.com)
(15630 Points)
Replied 02 April 2011
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The Table below shows the category of services which are taxable with the date of introduction of such service. The table also shows the ‘accounting heads’ for each category service, for the purpose of payment of service tax:
Note: 1. Accounting Code for ‘Education Cess’ is ‘00440298’ for all services. 2. Accounting Code for ‘Secondary & Higher Education Cess’ is ‘00440426’ for all services. 3. The sub-head ‘Other receipts’ is meant for interest, penalty on delayed payment of service tax.
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Suresh Prasad
(www.aubsp.com)
(15630 Points)
Replied 02 April 2011
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Suresh Prasad
(www.aubsp.com)
(15630 Points)
Replied 02 April 2011
|
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Suresh Prasad
(www.aubsp.com)
(15630 Points)
Replied 02 April 2011
E-payment
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For e-payment, assessees should open a net banking account with one of the authorized banks (currently there are 28 banks), list of which is available on the EASIEST (Electronic Accounting System in Excise and Service Tax) website of CBEC, maintained by NSDL ( https://cbec.nsdl.com/EST/ ). Payment through ICICI Bank, HDFC Bank and Axis Bank can be done by assesses for select Commissionerates only, list of which is published in the aforesaid EASIEST website. Payment through all other authorized banks can be made for all Commissionerates. |
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For effecting payment, assessees can access the ACES website (https://www.aces.gov.in/) and click on the e-payment link that will take them to the EASIEST portal (https://cbec.nsdl.com/EST/) or they can directly visit the EASIEST portal. |
Suresh Prasad
(www.aubsp.com)
(15630 Points)
Replied 03 April 2011
| Originally posted by : Arniv Sharda - stroke of wind | ||
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very nice sir keep sharing cheers |
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Thanks a lot for the Comment jee......!!!!!!!!!!!
CAclubindia
