Blog Posts - Service Tax



ST-3 for July-September 2012 available for e-filing

Service Tax Return (ST 3) for the period 1st July- 30th September, 2012 is now available in a modified format for e-filing in ACES. Only offline version is available and there is no online version.... [[ This is a content summary only. Visit www.ind...
by Indian Tax Updates on Mar 26, 2013

Service Tax Applicability on Restaurants, Hotels w.e.f. 1st April, 2013

Service Tax Scope widened in Budget 2013 Budget 2013 has not only failed to bring smile on the faces of the Common Men but it also spread some sadness by expanding the scope of service tax. With the... [[ This is a content summary only. Visit www.in...
by Indian Tax Updates on Mar 20, 2013

Due Date of Service Tax Return for October 2012 to March 2013 remains Intact

The date of filing service tax return for second quarter of financial year 2012-13 remains intact i.e. 25th April, 2013. As we all know that Service Tax Return for first half year of Financial Year... [[ This is a content summary only. Visit www.ind...
by Indian Tax Updates on Feb 28, 2013

Service Tax Revised Form ST-3 for Online Submission will be available by First Week of March

CBEC has release Paper Version of Form ST-3 few days back, but as per Rule 7(3) of the Service Tax Rules 1994, all returns have to be filed electronically. The electronic version, to be completed by... [[ This is a content summary only. Visit www.in...
by Indian Tax Updates on Feb 27, 2013

Instructions on How to fill Form ST-3 of Service Tax

Few days back CBEC notified Form ST-3 for filing Quarterly Return for the period of July 2012 to September 2012, the last date is 25th March 2013 for filing the same. Form ST-3 can be downloaded from... [[ This is a content summary only. Visit www.i...
by Indian Tax Updates on Feb 27, 2013

Service Tax on Commission to Non-Whole Time Directors

Applicability Of Service Tax On Commission Payable To Non-Whole Time Directors Of A Company Under Section 309(4) Of The Companies Act, 1956 – Approval Of Central Government Under Section... [[ This is a content summary only. Visit www.indianta...
by Indian Tax Updates on Feb 9, 2013

Service Tax on CA – Contrary view on Delhi HC decision

Contrary View to Hon’ble Delhi High Court decision quashing Circular No. 154 & 158 with reference to Point of Taxation Rules, 2011. In a recent judgment dated 01-02-2013, the Hon’ble High Court... [[ This is a content summary only. Visit www...
by Indian Tax Updates on Feb 9, 2013

Annual Income Tax Exemption to Rs. 3 lakhs

The government will come up with a modified Direct Taxes Code (DTC) Bill after incorporating the suggestions of the Standing Committee on Finance, which among things had suggested raising annual... [[ This is a content summary only. Visit www.indian...
by Indian Tax Updates on Feb 5, 2013

Clarification on Taxes on Adsense and Affiliate Income in India

Google Adsense is the biggest source of Income for every Indian Blogger, some blogger earns good while some struggles to meet their running expenses. But in between these one must not forget about... [[ This is a content summary only. Visit www.ind...
by Indian Tax Updates on Jan 31, 2013

Service Tax: Reverse Charge Mechanism & Accounting Treatment

Background of Reverse Charge Mechanism Service tax is normally collected by the Service Provider and deposited with the Government. However, with effect from 1-7-2012 a new scheme of taxation has... [[ This is a content summary only. Visit www.india...
by Indian Tax Updates on Jan 25, 2013

Analysis of Point of Taxation Rules, 2011

Service tax will be paid on accrual basis except in certain specified cases Earlier service tax was payable on receipt of payment in respect of taxable services provided But with the introduction of... [[ This is a content summary only. Visit www.in...
by Indian Tax Updates on Jan 13, 2013

Govt tightens tax recovery norms for Indirect Tax

The Central Board of Excise and Customs (CBEC) has sought to initiate recovery proceedings on custom, excise and service tax orders raised if the tax evader is unable to obtain a stay within 30 days.... [[ This is a content summary only. Visit www.i...
by Indian Tax Updates on Jan 9, 2013

Pay Taxes inspite of Pending Stay Plea: CBEC

The Central Board of Excise and Customs ( CBEC) has issued an order making it mandatory for companies to pay indirect taxes even if a stay plea is pending before an appellate body, a move some... [[ This is a content summary only. Visit www.indianta...
by Indian Tax Updates on Jan 9, 2013

Clarification on Notices/Reminder Letters Issued for Life Insurance Policies

RULE 4A OF THE SERVICE TAX RULES, 1994 – TAXABLE SERVICE TO BE PROVIDED OR CREDIT TO BE DISTRIBUTED ON INVOICE, BILL OR CHALLAN – CLARIFICATION IN RESPECT OF NOTICES/REMINDER LETTERS... [[ This is a content summary only. Visit www.indian...
by Indian Tax Updates on Jan 5, 2013

Simplification and Revision of SOFTEX Procedure at SEZs

EXPORT OF GOODS AND SERVICES – SIMPLIFICATION AND REVISION OF SOFTEX PROCEDURE AT SEZs A.P. (DIR SERIES 2012-13) CIRCULAR NO. 66, DATED 1-1-2013 Attention of the Authorised Dealer Banks is... [[ This is a content summary only. Visit www.indian...
by Indian Tax Updates on Jan 2, 2013

Recovery of Confirmed Demand during Pendency of Stay Application

It has been decided to rescind these circulars with immediate effect. Sl. No. Date Circular No. and File number of CX-6 1 18-11-88 80/88 and 208/31/88 2 2-3-90 7/90 and 208/107/89 3 21-12-90 23/90... [[ This is a content summary only. Visit www.indi...
by Indian Tax Updates on Jan 2, 2013

Service Tax is Chargeable on Transportation of Milk

Service tax department issued a circular no. 167/2013 dated 1 January 2013, to clear doubts about chargeability of service tax on transportation of milk by train/vessel. It states that “The... [[ This is a content summary only. Visit www.in...
by Indian Tax Updates on Jan 1, 2013

Modifications in Service Tax registraton ST 1 and ST 2 and New Accounting Codes

  1. New Registrants: In terms of Notification No 48/2012 dated 30.11.12 , Service Tax Registration Application Form (ST-1) has been modified and is available in ACES for use by the new applicants... [[ This is a content summary only. Visit www.i...
by Indian Tax Updates on Jan 1, 2013

No Tax on Unpaid Fees for Technical Services

An unpaid fee for technical services cannot be taxed even if the services have been availed by the Indian branch, according to a recent order by the Income Tax Appellate Tribunal. The ITAT further held that income cannot be considered remitted in a c...
by Indian Tax Updates on Dec 27, 2012

Service Tax Mega Exemption Notification Amended

Ministry of Finance has amended notification no.25/2012-Service Tax, dated the 20th June, 2012, regarding mega exemption by adding that Services of life insurance business provided under following schemes - Janashree Bima Yojana (JBY); or Aam Aadmi B...
by Indian Tax Updates on Dec 26, 2012


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