Service tax Interest rates changed again ! There are two provisions under Finance Act, 1994 dealing with interest on delayed payment as given below:
Tag Archives: Services
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 […]
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
Cloud Computing: Meaning and characteristics A report by Gartner Inc reflected that cloud computing will constitute the bulk of IT spending by 2016. In India alone, it is predicted that the cloud market will reach over $3 billion by next year—an almost five- fold increase from 2012. Cloud Computing: Meaning and characteristics
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 […]
KRISHI KALYAN CESS The Government of the day believes that taxation is a major tool available to the Government for removing poverty and inequality from the society. To a common man, tax, surcharge or cess does not make any difference as all these modes of extracting money from the citizens have been used since many […]