19 09, 2016

Works Contract Services

By | 2017-04-06T20:04:43+00:00 September 19th, 2016|Service Wise Implications|

Important Definition Section 65B(54): "works contract" means a contract wherein transfer of property in goods involved in the execution of such contract is leviable to tax as sale of goods and such contract is for the purpose of carrying out construction, erection, commissioning, installation, completion, fitting out, repair, renovation, alteration of any [...]

19 09, 2016

Vocational Education Services

By | 2017-04-06T10:48:56+00:00 September 19th, 2016|Service Wise Implications|

Important Definition The term “Education” has not been defined in the Finance Act, 1994.  The other terms as are relevant from the perspective of the current sector have been defined in Section 65B of Finance Act 1994 are as follows: Sec 65B (11) "Approved Vocational Education Course" means,–– A course run by [...]

19 09, 2016

Technical Testing & Analysis Services

By | 2017-04-06T10:48:56+00:00 September 19th, 2016|Service Wise Implications|

Understanding of the service The essential requisite of the present taxable service are: Services are provided or to be provided to any person. Services are rendered by a technical testing and analysis agency. Technical testing and analysis must be of goods or immovable property and not in relation to human beings or animals. [...]

19 09, 2016

Technical Inspection & Certification Services

By | 2017-04-06T10:48:57+00:00 September 19th, 2016|Service Wise Implications|

Understanding of the service The essential requisites of the present taxable service are: Services are provided or to be provided to any person Services are rendered by a technical inspection and certification agency The inspection or examination shall be of goods or process or material or any immovable property or Information technology software. [...]

19 09, 2016

Travel Agent Services

By | 2017-04-06T10:48:57+00:00 September 19th, 2016|Service Wise Implications|

"Travel Agent" means any person engaged in providing any service connected with booking of passage for travel, but does not include air travel agent and rail travel agent. HSN Codes of all Commodities – CLICK HERE  Possible GST, IGST, CGST & IGST Rates of all Commodities – CLICK HERE  GST Calculator – CLICK HERE [...]

19 09, 2016

Tour Operator Services

By | 2017-04-06T10:48:57+00:00 September 19th, 2016|Service Wise Implications|

"Tour Operator" means any person engaged in the business of planning, scheduling, organizing or arranging tours (which may include arrangements for accommodation, sightseeing or other similar services) by any mode of transport, and includes any person engaged in the business of operating tours in a tourist vehicle or a contract carriage by whatever name [...]

19 09, 2016

Scientific & Technical Consultancy Services

By | 2017-04-06T10:48:57+00:00 September 19th, 2016|Service Wise Implications|

Understanding of the service Companies across globe are investing a lot of their funds in research and development of new products and process. For the said purpose services of scientist or a technocrat, or any science or technology institution or organisation are taken. Any service taken from such scientist or a technocrat, [...]

19 09, 2016

Space or Time Selling Services for Advertisement

By | 2017-04-06T10:48:57+00:00 September 19th, 2016|Service Wise Implications|

Definition of Taxable Service Any service provided or to be provided to any person, by any other person, in relation to sale of space or time for advertisement, in any manner; but does not include sale of space for advertisement in print media. "Sale of space or time for advertisement" includes,— (i) [...]

19 09, 2016

Storage & Warehousing Services

By | 2017-04-06T10:48:57+00:00 September 19th, 2016|Service Wise Implications|

Taxability as settled by Precedents / Circulars / Trade notices Activity Whether falls within the scope of present service Reference Services pertaining to agricultural produce No Order No 1/2002-ST, dated 01.08.2002 Services of Storage and warehousing provided to Goods transport agency No   Notification No 1/2009-ST, dated 05/01/2009 handling/storage and warehousing of [...]

19 09, 2016

Right to use of tangible goods Services

By | 2017-04-06T10:48:57+00:00 September 19th, 2016|Service Wise Implications|

Understanding of the service Services are provided or to be provided to any person. Services are rendered by any other person. The services shall be provided or to be provided in relation to supply of tangible goods including machinery, equipment and appliances for use, without transferring right of possession and effective control [...]