Service tax

Combined Annual Return Form for Central Excise and Service Tax–reg.

November 12, 2016

  Circular No. 1050/38/2016-CX F.No. 207/0512014-CX.6 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs North Block, New Delhi Dated the 8th of November, 2016 To, The Principal Chief Commissioners/ Chief Commissioners of Central Excise (All) The Principal Chief Commissioners/ Chief Commissioners of Central Excise and Service Tax (All) […]

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Service Tax Exemption on renting of precincts of a religious place-Reg.

September 24, 2016

Vide notification No. 40/2016-Service Tax , Exemption on renting of precincts of a religious place meant for general public is been restricted to only charitable or religious trust under section 12AA of the Income-tax Act, 1961 or a trust or an institution registered under sub clause (v) of clause (23C) of section 10 of the […]

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ST Exemption on one time upfront amount to State Govt Industrial Development Undertakings

September 24, 2016

Seeks to exempt taxable service provided by State Government Industrial Development Corporations/ Undertakings by way of granting long term (thirty years, or more) lease of industrial plots to industrial units from so much of service tax which is leviable on the one time upfront amount (called as premium, salami, cost, price, development charges or by […]

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CAG criticises Service Tax VCES, 2013

September 24, 2016

CAG in is latest report No. 22 of 2016 to Parliament on the Service Tax Voluntary Compliance Encouragement Scheme, 2013 (VCES), criticised the Scheme and reported fault in its launch as well as in its executions. The Performance Audit on Service Tax Voluntary Compliance Encouragement Scheme, 2013 (VCES) was conducted in 35 selected Commissionerates to […]

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Indirect Tax collections upto August 2016 shows 27.5% increase

September 24, 2016

Press Information Bureau Government of India Ministry of Finance 12-September-2016 12:03 IST Indirect Tax Collections upto August, 2016 show an increase of 27.5% over the net collections for the corresponding period last year. The figures for indirect tax collections (Central Excise, Service Tax and Customs) upto August 2016 show that net revenue collections are at […]

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Is audit by department justified?

September 24, 2016

Introduction “Audit” – One of the most dreaded consequence of getting registered with the service tax department. Nobody wants to get strangled in the vicious circles of departmental audit and yet, sooner or later, you have to face the dungeon of audit. Times and now, questions have been raised on the qualifications and eligibility of […]

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