Finance Act, 2012 provides a negative list for the positive journey of the Service Tax introduced eighteen years ago from 1.7.2012. It also realigned the concept of export and import […]
All posts by Anisha Sharma - 4. page
Professional Tax Consultant and Article Writer
LAW OF LIMITATION BINDS EVERYBODY INCLUDING GOVERNMENT.
The object for fixing time limit for litigation is based on public policy fixing a lifespan for legal remedy for the purpose of general welfare. They are meant to […]
RECENT CHANGES IN CHAPTER V OF FINANCE ACT, 1994 .
The Finance Act, 2012 which came into effect from 28.05.2012 and the some of the Notifications issued by the Board recently have brought a sea change in the service […]
V-SAT CONNECTIVITY CHARGES IS NOT TAXABLE AS LEASED CIRCUIT SERVICE.
Leased circuit services provided by a telegraph authority was brought under the service tax net with effect from 16.07.2001. With effect from 01.06.2007 leased circuit services are chargeable under […]
Real Estate/Construction Industry: Reconfirmation of Applicability of Cost Accounting Record Rules 2011
Real Estate/Construction Industry: Reconfirmation of Applicability of Cost Accounting Record Rules 2011 by Ministry of Corporate Affairs The present article is in continuation of our earlier article on applicability of […]
Reverse Charge – Practical Issues, Invoice & Cenvat
Service tax legislation has been amended vigorously by Finance Act, 2012. One such amendment relates to the increase in number of services that shall be subject to reverse charge mechanism. […]
INDIRECT TAX OMBUDSMAN SCHEME – An Overview
Indirect tax ombudsman scheme framed by the Central Government to provide a effective, faster and transparent grievance redressal system seeks to help taxpayers in grievance redressal leading to higher satisfaction […]
Highlights of Amendments in Service Tax (Determination of Value) Rules, 2006
Vide notification no. 24/2012 ST dated 6-6-2012, CBEC has amended the provision relation to determination of value of Taxable Services in certain circumstances as follows: Service Tax (Determination of Value) […]
ASSESSEE MAKING PAYMENT WITHIN PERMISSIBLE TIME UPON RECEIVING NOTICE UNDER SECTION 156 PENALTY CANNOT BE IMPOSED.
In ‘Deputy Commissioner of Income Tax V. Pioneer Marbles and Interiors Private Limited’ – (2012 (2) TMI 261 (Tri)) the assessee company and certain associated entities, collectively called as […]
SERVICE TAX TERMINOLOGY PART – IX
SUPPORT SERVICES Support services (Clause 49 of section 65 B) “support services” means infrastructural, operational, administrative, logistic, marketing or any other support of any kind comprising functions that entities […]