Budget 2017- ICAI pre Budget Suggestions (Indirect Taxes)
PRE-BUDGET SUGGESTIONS 2017 Pre-Budget Memorandum, 2017-Indirect Taxes THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI
Category Archives: Service Tax
Service Tax Payment Due Date
Service Tax Payment Due Date Service Tax Payment Due Date for different kind of Assessee is as follow :- Service Tax Payment Due Date for Assessee other than individual, proprietary firm or partnership firm or LLP Monthly payment of service tax except for March The service tax is payable by assessee (other than individual, proprietary… Read More »
OIDAR Service Tax Payments Procedure
Procedure for online payment through foreign banks in respect of OIDAR Service Tax Payments by Non-Taxable Territory (NTT) Assessees 1. The Taxpayer need to have an internet banking account in one of the following foreign banks Sr. No Bank Name 1 BNP PARIBAS 2 CITIBANK 3 DBS 4 DEUTSCHE BANK 5 HSBC 6 STANDARD CHARTERED… Read More »
Restaurants billing service charges in addition to taxes is optional
Restaurants billing ‘ service charges ’ in addition to taxes is optional: Department of Consumer Affairs Consumer has discretion to pay ‘service charge’ or not: Department of Consumer Affairs A number of complaints from consumers have been received that hotels and restaurants are following the practice of charging ‘service charge’ in the range of 5-20%,… Read More »
Kept cases in Call Book where SCN is issued prior to or post 06.07.2011 : CBEC
F.No.276/104/2016-CX.8A (Pt.) Ministry of Finance Department of Revenue Central Board of Excise & Customs (Legal Cell) ******** `C’ Wing, 5th Floor, HUDCO-VISHALA Building Bhikaji Cama Place, R.K. Puram, New Delhi-66: dated the 28.12.2016. Instruction To, All Principal Chief Commissioners/Chief Commissioners of Customs, Central Excise and Service Tax; The Director General of Revenue Intelligence/ Central Excise… Read More »
Indirect Taxes Past Assessment will not be reopened due to increased Sales in FY 2016-17 :CBEC
Digital mode of payment while making financial transantions-past assessments Circular No 202/12/2016-ST Date 09-11-2016 F.No. 354/149/2016-TRU Download Circular
Service Tax Exemption Notification for Rs 2000 Transactions through Cards
Seeks to amend exemption notification No. 25/2012-ST dated 20.06.2012 so as to exempt services by an acquiring bank, to any person in relation to settlement of an amount upto two thousand rupees in a single transaction transacted through credit card, debit card, charge card or other payment card service [TO BE PUBLISHED IN THE GAZETTE… Read More »
OIDAE Services excluded from telecommunication services under Place of Provision of Services Rules 2012
Seeks to amend Place of Provision of Services Rules, 2012 so as to exclude ‘online information and database access or retrieval services’ from the definition of ‘telecommunication services’. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 51/2016-Service… Read More »
Service Tax on Air Conditioned Restaurants is unconstitutional
HIGH COURT OF KERALA Kerala Classified Hotels & Resorts Association v. Union of India A.M. SHAFFIQUE, J. W.P. (C) NO. 19277 OF 2013 OCTOBER 31, 2016 V. Krishna Kumar, G. Subodhan, Surendradas B., N. Vijayan Pillai, K.V. Rajappan Pillai and K.K. Radhakrishnanfor the Petitioner. N. Nagaresh, Ramavarma Reghunathan Thamburan, John Varghese and M.M. Jasmin for… Read More »
Service Tax on services such as content downloading from Google Play Store, I Tunes etc. by the Individual customer
“Online Information and Database Access or Retrieval Services” – Change in the Taxability and Procedural Compliance Recently, Central Government has brought changes in the Taxability, Place of Provision and Procedural compliances in respect of “Online Information and Database Access or Retrieval Service” with the intent to broaden the Service tax net by 1st December 2016.… Read More »