SCOPE AND RELEVANCE OF ‘GOVERNMENT’ IN SERVICE TAX As we all know, Service Tax is levied when an activity is carried out by one person for another for a consideration i.e., two persons are involved – a service provider and a service receiver. The term ‘person’ is defined in clause 37 of section 65B of […]
Tag Archives: Services
BUDGET – III (New registration process) W.e.f 01.03.2015 new process of registration shall be applied the sequence is as under :- First you Should fill online form ST-1. Except Govt.Deptt.PAN number is mandatory . E-mail and mobile number is mandatory latest by 30.04.2015
Mandatory Pre Deposit – An Overview Finance Bill (No.2) 2014 has vide Clause 98 has proposed an amendment in Section 35F of Central Excise Act that the appeal against an Order passed by lower authorities will not be entertained unless the appellant has made a 7.5 per cent in case of first stage appeal or […]
Revised Rate of Interest in Service Tax Vide Notification No 12/2014-ST dated 11.7.2014, rate of interest to be charged on delayed payment of service tax has been enhanced w.e.f. 1.10.2014, based on period of delay. Thus, longer the delay period , higher would be the rate of interest payable. Accordingly, the rate of interest shall […]
Parliament can impose Service Tax on Restaurants & Hotels Bombay High Court dismisses writ filed by Indian Hotels and Restaurant Association and upholds validity of service tax levy on air-conditioned restaurants serving liquor u/s 65(105)(zzzzv) of Finance Act and held the levy as constitutional.