Service Tax - 25. page

Persons liable to pay service tax under service tax law : 1. In respect of services provided or agreed to be provided in relation to service portion in execution of […]

Service portion in the execution of a works contract under service tax law: Composite contracts can be bifurcated to compute value of goods sold/supplied in contracts for construction of buildings […]

Activities in relation to delivery of goods on Hire Purchase OR any system of Payment by Installments  Exemption aspects: As per notification no-26/2012, Abatement has been provided in respect of […]

Construction Service under service tax law: Construction  of a complex ,building, civil structure or part thereof ,including a complex or a building intended for sale to a buyer ,wholly or […]

Renting of Immovable Property under service tax law:  Exclusion aspects: ‘Negative list’ services in respect of renting as contained under section 66D ‘Mega Exemption in respect of renting as contained […]

 Meaning of Service under service tax law : Service constitute a very heterogeneous spectrum of economic activities. Service is a value addition that can be perceived but cannot be seen […]

Chargeability to tax under service tax law: Section 66B (Charging section) provides as under : Service tax  @ 14 % ( 0.5 % Swach Bharat Cess w.e.f 15.11.2015)  will be […]

           Body of service tax law  : The Finance Act 1994: Chapter V – contains provisions on levy/collection of service tax, registration and other procedures like […]

BACKGROUND OF SERVICE TAX LAW :  Unlike the central excise or customs there is no separate legislation enacted for service tax. The Act is administered by the central excise department. […]