Category: Service Tax

Service Charge in Restaurants is not mandatory – Govt

It is a practice restaurants use to extract the tip from you after you’re through with the dining. Many have been known to add a ‘service charge’ in the range of 5-20 per cent, over and above the price of...

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Service Tax Return Filing: Due Date extended to 30th April

The due date of filing Service Tax Return for the period Oct 16 to Mar 17 has been extended from 25th April 2017 to 30th April 2017. The reason for extension of due date is that there were issues on...

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What is Service Tax Number

Service Tax Number is a unique 15 digit number which is allotted to the assessee at the time of filing an application for registration for Service Tax.  Just like PAN Card No is required for payment and filing of Income...

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Procedure for Service Tax Registration Online

As per the Rules framed by the Indian Govt., every Service Provider has to mandatorily apply for Service Tax Registration if the Value of Services expected to be rendered by him in a financial year is more than Rs. 9...

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EPCG: Export Promotion Capital Goods Scheme to import at 0% Customs Duty

The ECPG Scheme i.e. the Export Promotion Capital Goods Scheme is a part of the Foreign Trade Policy of the Indian Govt. The Foreign Trade Policy of the Govt for the years 2015-2020 has been framed in a manner to...

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Krishi Kalyan Cess @ 0.5% on all taxable services from 1st June

Arun Jaitley while announcing the Budget 2016 has introduced a new cess which would be levied @ 0.5% on the value of all taxable services. This would be levied @ 0.5% and would be levied over and the above the...

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All about Service Tax & new Service Tax Rate @ 15%

Budget 2016 Update: Finance Minister while presenting the Budget 2016  introduced a new Cess called the Krishi Kalyan Cess. This Cess would be levied on all taxable services and would be levied @ 0.5% of the total value of service....

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7 Types of Indirect Taxes in India and its Meaning

The taxes collected by the Indian Govt can broadly be defined into 2 categories – Direct and Indirect. The Direct Taxes are basically the taxes which are directly levied on the Income of an Individual. Some examples of Direct Taxes...

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Service Tax for Service provided before June 1, Invoice after 1st June

The Govt in Budget 2015 announced that the Rate of Service Tax is being increased from 12.36% to flat 14%. The date of applicability of this new service tax rate was not announced in the Budget 2015 but on 19th...

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Service Tax on Rent payable @15% from 15th Nov 2015

In the past few years, there has been much confusion regarding the applicability of Service Tax on Rent. The Govt’s stand was different to what the Courts had to say regarding the applicability of Service Tax on Rent which lead...

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