Coconut oil cannot be classified as Hair Oil for mere Packing in Small Containers GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS NEW DELHI CIRCULAR NO. 1007/14/2015-CX, Dated: October 12, 2015 To Principal Chief Commissioner/Chief Commissioner of Central Excise, Customs and Service Tax (All)
Tag Archives: Services
SERVICE TAX – TAXABILITY OF LEASE PREMIUM (PART-2) Upfront lease premium is charged on one time basis but on the other hand annual or monthly lease charges are charged on regular basis. Thus, the premium is the price paid for obtaining the lease of an immovable property. While rent, on the other hand, is the […]
SERVICE TAX – TAX ABILITY OF LEASE PREMIUM (PART-1) Renting of immovable property is a taxable service as a declared service. The term of the same has been defined in clause (44) of the new section 65B inserted by the Finance Act, 2012 and already applicable from 1.7.2012 and means –any activity for consideration carried […]
Self Assessment To Selfish Scrutiny – Service Tax With effect from 1st August 2015 Department is coming out with a strong ‘return scrutiny system. It is going to be a two part system of Preliminary and Detailed Scrutiny.CBEC has issued Circular No.185/4/2015 – Service Tax dated 30th June 2015 providing instructions on detailed manual scrutiny […]
Best Judgment Assessment In Service Tax The provisions of best judgment assessment was omitted w.e.f. 10th September 2004 by the Finance Act, 2004 and again reinserted w.e.f. 10.5.2008 by the Finance Act, 2008 vide Section 72. Section 72 provides for best judgment assessment as follows – If any person, liable to pay service tax – […]