Tag Archives: Services

GST Council seals tax rate on services

GST Council seals tax rate on services India has now finalised the four-­slab structure for taxation of services under the proposed goods and services tax (GST) with a standard rate of 18% that will apply to most of the services . This will not hit the common man as the effective tax incidence is set […]

Can you transfer insurance in your name after buying a pre­owned vehicle?

Can you transfer insurance in your name after buying a pre­-owned vehicle? I have recently bought a second­ hand vehicle. The vehicle owner has insurance cover for the car. Can it be transferred on my name now that I have bought the vehicle? In India every vehicle owner mandatory needs to have a motor insurance […]

Point of taxation under reverse charge

Point of taxation under reverse charge Rule 7: Point of Taxation Rules, 2011 Notwithstanding anything contained in rules 3,4, or 8, the point of taxation in respect of the persons required to pay tax as recipients of service under the rules made in this regard in respect of services notified under sub-section (2) of section […]

Compensation under automobiles Act, 1988 – Some problems

Compensation under automobiles Act, 1988 – Some problems The automobiles Act, 1988 is Associate in Nursing Act of the Parliament of Asian country that regulates all aspects of road transport vehicles. The Act came into force from one July 1989. It replaced automobiles Act, 1939 that earlier replaced the primary such enactment automobiles Act, 1914.

Service tax issue on Freight Forwarder on Transportation of Goods from India to abroad

Service tax issue on Freight Forwarder on Transportation of Goods from India to abroad The CBSE issued Circular No 197/7/2016-Service tax dated August 12, 2016, for Clarification of various doubts about “Service Tax Liability of Freight Forwarders collecting “Freight”, for shipments goving to place outside India from any port of india”.

Hospitals under Service Tax

Hospitals under Service Tax As per Notification No: 24/2010-ST dated 22.06.2010 as per Section 65(105)(zzzzo) of the Finance Act 1994 introduced Health Services are taxable services and are applicable to payment Service Tax. Now the period medical expenses are day to day becoming more costly so Central Government that it gave Mega exemption to Medical […]

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