Service Tax Archives - Page 7 of 9

Now Quick Refund of Accumulated CENVAT Credit to Exporters of Services

November 12, 2015November 13, 2015 TaxIndiaUpdates In0 comments4887 views

. CBEC vide its Circular 187/6/2015-Service Tax dated 10-11-2015 formulated a Scheme for Speedy grant of refund of accumulated and unutilized CENVAT Credit for Exporters of Services to help in unlocking the accumulated credit. Exporters of services today accumulate CENVAT credit on both input services … Continue Reading →

Service Tax

Swachh Bharat Cess @ 0.5% leviable with effect from 15-11-2015

November 6, 2015January 9, 2016 TaxIndiaUpdates In0 comments14870 views

. Swachh Bharat Cess @ 0.5% leviable with effect from 15-11-2015 on all taxable services vide service tax notification 21/2015 dated 06-11-2015. It was proposed in budget 2015-16 that Swachh Bharat Cess will be levied @2%. However currently government start imposing this cess @0.5% (Half Percent … Continue Reading →

Service Tax

Cenvat Credit of Edu Cess and SHE Cess Can be used for payment of Service Tax after 01-06-2015

October 29, 2015October 31, 2015 TaxIndiaUpdates In0 comments10986 views

. Edu Cess and SHE Cess Can be used for payment of Service Tax after 01-06-2015 Edu Cess and SHE Cess Can be used for payment of Service Tax after 01-06-2015 : CBEC issued Notification No.22/2015-Central Excise (N.T.) dated 29-10-2015 to further amend Cenvat Credit … Continue Reading →

Service Tax

No More Service Tax on Yoga Tranining : Covered in Mega Exemption

October 24, 2015 TaxIndiaUpdates In0 comments9083 views

. CBEC vide its Notification No. 20/2015-Service Tax dated 21-10-2015 amended Notification No. 25/2012-Service Tax, dated the 20th June, 2012 to provide following new exemptions from levy of service tax: 1.No More Service Tax on Yoga Tranining : Now ‘Yoga’ get place in Mega Exemption Notification w.e.f. 23-10-2015. … Continue Reading →

Service Tax

Revised Monetary Limits to Arrest in Excise and Service Tax is Rs. 1 Crore

October 23, 2015October 23, 2015 TaxIndiaUpdates In0 comments5483 views

. Central Board of Excise & Customs vide its circular Circular No. 1010/17/2015-CX dated 23-10-2015 (F.No. 96/54/2014-CX.1) has clarified that Prosecution can now be launched where evasion of Central Excise duty or Service Tax or misuse of Cenvat Credit in relation to offences specified under sub-section (1) … Continue Reading →

Service Tax

No Service Tax on Money Transfer Service for the period 01-07-2012 to 13-10-2014

October 16, 2015 TaxIndiaUpdates In0 comments3222 views

. It is directed by Central Government vide Notification No. 19/2015-Service Tax dated 14-10-2015 that the service tax on the service provided by an Indian Bank or other entity acting as an agent to the Money Transfer Service Operator (MTSO) in relation to remittance of … Continue Reading →

Service Tax

CBEC : Ancillary Services of GTA are also part of GTA

October 5, 2015October 5, 2015 TaxIndiaUpdates In0 comments6058 views

. The CBEC vide its Circular No.186/5/2015-ST dated 05-10-2015 release a welcome clarification regarding classification of ancillary services provided in the course of GTA Service, eligible abatement on such ancillary services and classification of activities of GTA to reach/deliver the goods at destination within a … Continue Reading →

Service Tax

Service Tax Rates and Interest on Delay Deposition

October 3, 2015August 9, 2021 TaxIndiaUpdates In0 comments6305 views

Service Tax Rates and Interest on Delay Deposition Rate of Service Tax Sr. No. Period Rate of Service Tax Rate of Edu. Cess Rate of SHE Cess 1 From 01-06-2015 14% Nil Nil 2 From 01-04-2012 12% 2% of S.T. 1% of S.T. 3 From 24.02.2009 … Continue Reading →

Service Tax

Department should not follow Circular Contrary to Court Order

September 23, 2015September 25, 2015 TaxIndiaUpdates In0 comments5456 views

. CBEC vide its circular dated 21st September 2015 clarified that circular and instructions which are contrary to the judgments of Hon’ble Supreme Court become non-est in law and should not be followed. In this regard board has mention the ruling of judgment of Hon’ble … Continue Reading →

Service Tax

Detailed Manual Scrutiny of Service Tax Returns

August 7, 2015March 25, 2016 TaxIndiaUpdates In0 comments8000 views

. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS SERVICE TAX WING NEW DELHI CIRCULAR NO 185/4/2015-ST, Dated: June 30, 2015 To All Principal Chief Commissioners of Central Excise All Chief Commissioners of Central Excise/ Service Tax Principal … Continue Reading →