Impact of Krishi Kalyan Cess – Service tax Introduction Service tax rate has been proposed to increase from 14.50% to 15% effective from 1st June 2016.It is also clear that till 1.6.2016, service tax shall continue to be levied @ 14.50% comprising of Basic 14.0% and 0.50% as Swach Bharat cess(SBC). It is proposed to […]
Category Archives: Service Tax
Service tax rates,taxable services in india
EXEMPTION TO CONSTRUCTION RELATED SERVICES PROVIDED TO GOVERNMENT Services provided to Government, Local Authority or Governmental Authority by way of Construction etc of Civil Structure / Residential Complex (w.e.f. 1.3.2016)(Entry No. 12A of Notification No. 25/2012-ST
Assignment of Radio-Frequency Spectrum Service Assignment by the Government of the right to use the radio-frequency spectrum and subsequent transfers thereof
Service tax assessees to file annual return Although, with the government resorting to implement unified taxation regime GST in near future, it was hoped that the number of returns to be filed by an assessee would reduce substantially and this has been done in case of Central Excise Assessees which is highly appreciated by the […]
Budget 2016 – CHANGES FOR SERVICE TAX IN FINANCE BILL,2016 Our Honorable Indian Finance Minister announced the budget for the year 2016 – 17 in the Parliament and also introduced Finance Bill, 2016. Chapter V of the Finance Bill, 2016 deals with changes to be brought in service tax provisions. The changes may be by […]