8 05, 2017

Indirect Tax structure in India and Allied Laws

By | 2017-05-08T16:13:17+00:00 May 8th, 2017|Indirect Tax, Service Tax Articles|

Indirect Tax is levied on goods or services rather than on persons or organizations. Presently, the Constitution empowers the Central Government to levy excise duty on manufacturing and service tax on the supply of services. Further, it empowers the State Governments to levy sales tax or value added tax (VAT) on the sale of goods. [...]

29 03, 2017

Don’t use Cash for these Transactions

By | 2017-05-05T14:15:57+00:00 March 29th, 2017|Download, Service Tax, Service Tax Articles|

The Indian Government has issued cap on cash transactions on and penalty for transactions under sections - 13A -Exemption to political parties, 40A(3)- Disallowance for cash expenditure, 43(1)- Determination of actual cost of asset, 35AD- Investment linked deduction for capital expenditure, 80D- Health Insurance premium, 80G - Donations to certain funds and charitable institutions, 80GGA- Donations for scientific research and [...]

15 03, 2017

Central Excise & Service Tax Assessee Migration to GSTN

By | 2017-04-06T10:48:27+00:00 March 15th, 2017|Service Tax, Service Tax Articles|

The following link contains Central Excise & Service Tax Assessee Migration to GSTN Complete Detail : Click Here Strategy for Migration of Central Excise and Service Tax Assessee. GSTN Enrollment Process. Update Email ID and Mobile Number. Obtaining Credentials for GSTN Enrollment from ACES Note on Login Credentials Complete Detail : Click Here [...]

14 03, 2017

CBEC issued Master Circular on Show Cause Notice, Adjudication and Recovery

By | 2017-04-06T10:48:27+00:00 March 14th, 2017|Service Tax, Service Tax Articles|

Read Complete Circular - Click Here These circulars address references from trade and field formations and provide clarity and uniformity on the issues raised. CBEC Board undertakes exercise of consolidating these circulars from time to time so as to ensure clarity and ease of reference. This master circular on the subject of show cause [...]

15 09, 2016

Levy of Service Tax on Restaurant Services

By | 2017-04-06T10:49:05+00:00 September 15th, 2016|Service Tax, Service Tax Articles|

Levy of Service Tax on Restaurant services has been one of the most controversial topics in Service Tax.   Time and again the same has been challenged by assesses as being not exigible to Service Tax.  Moreover, even the valuation of restaurant services has also been a matter of dispute between the government and subjects. [...]

15 09, 2016

Availability of Cenvat Credit in Case of Non Payment by Service Provider

By | 2017-04-06T10:49:05+00:00 September 15th, 2016|Service Tax, Service Tax Articles|

The decision of Apex Court in the case of Kay Kay Industries [Civil Appeal No. 7031 of 2009] dated August 26, 2013 is a path breaking judgement as it brings the much sought after relief and belief in the free Tax Credit mechanism, whereby, a genuine assesse cannot be penalized for the fault of his [...]

15 09, 2016

Clarification on Restaurant Services

By | 2017-04-06T10:49:05+00:00 September 15th, 2016|Service Tax, Service Tax Articles|

In an important clarification vide Circular No. 173/8/2013 – Service Tax dated October 7, 2013, government has clarified the following queries in respect of exemption provided towards restaurant services vide Notification No. 25/2012 –ST. However, the much awaited clarification failed to enlighten assessees on the following issues: Sale of food made by Hotels [...]

15 09, 2016

Service tax on Entry to Amusement Parks held Constitutionally Valid – Revisiting Aspect Theory

By | 2017-04-06T10:49:05+00:00 September 15th, 2016|Service Tax, Service Tax Articles|

Hon'ble High Court of Kerala vide WP(C).No.18328 of 2015 (M) in the case of M/S. KANJIRAPPILLY AMUSEMENT PARK AND HOTELS PVT. LTD. V UOI has delivered its judgement on the question as to Whether the removal of “admission and access to entertainment event and amusement facilities” [sub-clause (j) of Section 66D of the Finance Act, [...]

15 09, 2016

Whether Reimbursement Constitutes Consideration?

By | 2017-04-06T10:49:05+00:00 September 15th, 2016|Service Tax, Service Tax Articles|

Section 67 of Finance Act, 1994 provides that value charged by Service provider for provision of his services shall only be taxable. The relevant proportion fo the Section reads as under: SECTION [67. Valuation of taxable services for charging service tax. — (1) Subject to the provisions of this Chapter, where service tax is chargeable [...]

14 08, 2016

Service Tax on Freight Forwarders

By | 2017-04-06T10:49:05+00:00 August 14th, 2016|Service Tax, Service Tax Articles|

Freight Forwarders are persons who are expert in logistic arrangement and are engaged in the business of arranging transportation of goods from one place to another as required by the contractee.  Freight forwarders usually contract with one or multiple carriers to undertake such transportation and such carriers can be shipping lines, airlines, GTAs etc. Freight forwarders can [...]