Though the Rate of 14 % Service tax has been approved by President ith will not change till its got notified. The Finance Ministry will notify the date for implementation of the new rate. service tax will continue to be…
Category: Service Tax
Changes applicable to service tax from 14th May 2015 i.e., after presidents assent to Finance bill 2015
Following changes in Service Tax would be applicable from the date notified after Finance bill receives assent of resident: 1) Rate of Service Tax increased from 12.36% to 14%: The proposed revision of the rate of Service Tax from 12.36%…
Service Tax Exemption to Pradhan Mantri jeevan Jyoti Bima yojona, Jan Dhan Yojana and Atal Pension Yojana
Service Tax Exemption to Pradhan Mantri jeevan Jyoti Bima yojona, Jan Dhan Yojana and Atal Pension Yojana notified. NOTIFICATION NO. 12/2015-ST, Dated: April 30, 2015 In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act,…
Service Tax Rate will not be change from April 2015 till its Notified
Financial year is going to end soon & Service tax rate is increased to 14% (Subsuming EC & SHEC). Now its a common question among us that whether the increased Service Tax is applicable from 1st April 2015. The answer is…
Changes applicable to service tax from the date of Notification after Presidents assent to Finance Bill 2015
Following changes in Service Tax would be applicable from the date notified after Finance bill receives assent of resident: 1) Rate of Service Tax increased from 12.36% to 14%: The proposed revision of the rate of Service Tax from 12.36%…
Changes applicable to service tax from Presidents assent to Finance Bill 2015
Following Changes in Service Tax Would be Applicable from the from the date of Finance Bill 2015 receives assent of president: Revised recovery and penalty provisions: Maximum penalty equal to 100 % of Service Tax. However, in certain cases the…
Changes applicable w.e.f. 1st April, 2015 in Service Tax
Following Changes would be applicable on Service Tax with effect from 1st April, 2015 1) Exemption given in respect of transportation of food stuff will be limited to the food grains only. 2) Relief in relation to precondition, pre-cooling ripening…
Documentation, time limits and procedure with respect to filing of registration applications for single premises under Service Tax
F. No. 137/22/2012-Service Tax ( Part‑I) ORDER No. 01/2015-SERVICE TAX New Delhi, the 28th February, 2015 The legal provisions for registration in service tax are contained in section 69 of the Finance Act, 1994, rule 4 of the Service Tax Rules, 1994…
Service Tax Rate proposed to Increase to 14% from present rate of 12.36%
The rate of Service Tax is being increased from 12% plus Education Cesses to 14%. The ‘Education Cess’ and ‘Secondary and Higher Education Cess’ shall be subsumed in the revised rate of Service Tax. Thus, the effective increase in Service…
Central Excise and Service Tax Audit norms to be followed by the Audit Commissionerates
Circular No. 995/2/2015-CX F. No. 206/03/2014-CX.6 dated the 27th Feb., 2015 Subject: Central Excise and Service Tax Audit norms to be followed by the Audit Commissionerates-reg 1. Audit Commissionerates have been created with an objective to improve the functional efficiency of…