Abbreviations commonly used in Customs, Central Excise and Service Tax INDEX A B C D E F G H I J L M N O P R S T U V W A AAI :- Airport Authority of India AAR :- Authority for Advance Ruling AC/DC :-Assistant Commissioner/Deputy Commissioner ACAO :-Assistant Chief Account Officer ACES… Read More »
GOVERNMENT OF INDIA MINISTRY OF FINANCE/DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS D.O.No 156/Chairman(CBEC)/2016 Dated: 19th October, 2016 Dear Colleague, As you are aware, preparations for introducing GST from the beginning of the next fiscal year are in full swing with the present focus being on timely finalization of its legal and administrative framework.… Read More »
Revision of Monetary limits for issuing Service tax notice by officers Central Government vide Notification No. 44/2016-Service Tax, Dated: September 28, 2016 has amended the adjudication power of officers. The revised limits are as under: S. No. Rank of the Central Excise Officer Amount of service tax of CENVAT credit specified in a notice issued… Read More »
Service Tax Late Payment Interest Rate 2016-17 Service Tax Late Payment Interest Rate from 14.05.2016 Interest payable for delayed payment of Service Tax is 15%. However, if assessee has collected service tax but did not deposit it with Government, interest rate will be 24% – Notification No. 13/2016-ST dated 1-3-2016 effective from 14th May, 2016.… Read More »
Service Tax Registration Who are the persons liable to pay service tax and take Service Tax Registration Service Tax (Registration of Special Category of Persons) Rules, 2005 have been issued under these provisions. Following will require registration as per the Rules – (a) Input Service Distributors (b) Service provider who is exempt but whose aggregate… Read More »
Service Tax Interest Rate Service Tax Interest Rate: From 14.05.2016 Interest payable for delayed payment of Service Tax is 15%. However, if assessee has collected service tax but did not deposit it with Government, interest rate will be 24% – Notification No. 13/2016-ST dated 1-3-2016 effective from 14th May, 2016. In case of small service… Read More »
Service Tax Return (ST-3) for April,2016 to September,2016 period is available from 1st October,2016, for e-filing by the assessees in both offline and online modes. The last date for filing the returns for the said period is 25th October, 2016. The assesses can file return online or use the offline utility by downloading the latest… Read More »
Revision of Monetary limits for issuing Service tax notice by officers Central Government vide Notification No. 44/2016-Service Tax, Dated: September 28, 2016 has amended the adjudication power of officers. The revised limits are as under: S. No. Rank of the Central Excise Officer Amount of service tax or CENVAT credit specified in a notice issued… Read More »
Service Tax Exemption on Service of transportation, by educational institutions to students, faculty and staff for the period commencing on and from the first day of April, 2013 and ending with the tenth day of July, 2014. Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 45/2016-Service… Read More »
Circular No 201/11/2016-Service Tax F.No. 137/47/2013-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Service Tax Wing New Delhi, the 30th September, 2016 To All Principal Chief Commissioners/ Chief Commissioners of Central Excise/Service Tax Principal Directors General/ Directors General of Goods & Service Tax/ Systems/Central Excise Intelligence/ Audit/Tax… Read More »