Central Government has issued the scheme of classification of services under GST i.e Services Accounting code, Services SAC code under GST has been issued on 28th June 2018 by the Ministry of Finance, Department of Revenue through Notification No. 11/2017. For Goods government has issued HSN code under GST and for services Services Accounting code (SAC) is required for classification. HSN… Read More »
Government of India has finally decided to abolish service tax and replace it with Goods and Service Tax (GST). GST Rate on Services in India is finalized by the GST Council and on 18th-19th May 2017 in 14th Meeting of GST Council, GST rates on services has been fixed with GST implementation date has been… Read More »
CBEC has extended the due date of filling Half Yearly Service Tax Return for Period Ending 31st March 2016 from 25th April to 29th April 2016. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS SERVICE TAX WING NEW DELHI ORDER NO 1/2016-Service Tax, Dated: April 25, 2016 In exercise… Read More »
This is the first step to be taken by a person who is liable to make payment for service tax so that one can discharge its service tax liability. Who is Liable for service tax registration? Mandatory for a person providing taxable services and the value of services rendered by him is expected to be… Read More »
CBEC through it Notification No 22/2015 dated 6th November 2015 has specified the Swachh Bharat Cess rate of .50% applicable on value of taxable services from 15th November 2015. Swachh Bharat Cess was introduced in the Finance Act 2015 after removal of education cess but its rate and date was not declared by the government. Swachh… Read More »
New Service Tax Rate of 14% will become effective from 1st June 2015. Current Service Tax Rate of 12.36% (12%+2%+1%) will remain effective till 30th May 2015 and from 1st June 2015 service tax rate will change to 14%(Note 2% Swach Bharat Cess is not notified by the Government). Central Government has increased the service tax… Read More »
Download Service Tax FORM ST-7 For: Form of application to Appellate Tribunal under Section 86(2) [or Sec.86(2A) of the Finance Act,1994 Download Service Tax FORM ST-7 As per section 86 of the Finance Act Appeals to Appellate Tribunal (1) Any assessee aggrieved by an order passed by a 3[Commissioner] of Central Excise under 4[section 73… Read More »