Question No.1: Whether, in the facts and circumstances as explained in Annexure I, the various support services proposed to be provided by the Applicant to GoDaddy US are a “bundle of Services” being naturally bundled in the ordinary course of business and accordingly is a single service, being ‘business support service’, in terms of Section… Read More »
CAG has releases it Report No. 1 of 2016 (Indirect Taxes – Service Tax) for the Financial Year 2014-15 on compliance audit of the Central Board of Excise and Customs under Department of Revenue – Indirect Taxes (Service Tax) of the Union Government. The Service Tax collection was Rs 1, 67,969 crore during financial year 2014-15 (FY15)… Read More »
Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi,Dated: 8th March, 2016 Notification No.20/2016-Service Tax G.S.R….. (E). – In exercise of the powers conferred by sub-sections (1) and (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules… Read More »
Tax Administration Reforms Commission The Government has received the Report of Tax Administration Reforms Commission (TARC) headed by Dr. Parthsarathi Shome. The Report has four volumes containing a number of tax administration reforms. The broad recommendations inter-alia include changes in structure, improvement in taxpayers service, enhanced use of information and communication technology, exchange of information… Read More »
Held In the present case,petitioner had simply not responded to the show-cause notice issued by the adjudicating authority. We have noticed that after receipt of show-cause notice, for months together, petitioner filed no reply. The order of adjudication came to be passed more than a year later. At no point of time, the petitioner… Read More »
Finance Bill 2016 Service tax payment on quarterly basis and on receipt basis for One Person Company and Hindu Undivided Family (Applicable w.e.f. 01.04.2016) As per Rule 6(1) of Service Tax Rules, 1994, service tax is payable on monthly basis. However, as per proviso to said rule, where assessee is an individual, proprietary firms or… Read More »
Finance Bill 2016 Services by Senior Advocate Whether the senior Advocate is liable for payment of Service tax ? Services provided by a senior advocate to an advocate or partnership firm of advocates providing legal service is taxable . Who Shall pay service tax whether the Senior Advocate or Recipient of Services ? In case of… Read More »
Finance Bill 2016 Abatement on Chit Fund Services (Applicable w.e.f. 01.04.2016) Abatement is being provided by a foreman of chit fund in relation to chit. Now, the said services shall be taxed after availing the abatement of 30% subject to condition of non-availment of CENVAT Credit in respect of inputs, capital goods and input goods.… Read More »
Finance Bill 2016 Abatement in case of Construction of a complex, building, civil structure or a part thereof, intended for a sale to a buyer, wholly or partly except where entire consideration is received after issuance of completion certificate by the competent authority (Applicable w.e.f. 01.04.2016): The applicable abatement rate for this service is 70%.… Read More »
Finance Bill 2016 Abatement in case of Tour Operator’s Services (Applicable w.e.f. 01.04.2016): Earlier, the relevant provisions as applicable are summarized as under: Now, definition of “Package Tour” is being omitted. Now, there are two classifications only. Abatement of 70% can be availed in respect of all types of tour. However, in case of mere… Read More »