Service Tax Archives - NewsTaxIndia

Retrospective Service Tax Exemption to operators of Common Effluent Treatment Plant

February 20, 2017 NewsTaxIndia0 comments1211 views

Retrospective Service Tax Exemption to operators of Common Effluent Treatment Plant G. S . R. (E).- Whereas, the Central Government is satisfied that in the period commencing on and from the Ist of July 2012 and ending with the 31st of March, 2015 (hereinafter referred … Continue Reading →

Service Tax

Retrospective Service Tax Exemption to operators of Common Effluent Treatment Plant

February 20, 2017 NewsTaxIndia0 comments1279 views

Service Tax

CBEC Circular: No Service Tax in Certain Cases on Transportation of Goods by a vessel into India

February 17, 2017 NewsTaxIndia0 comments1043 views

No Service Tax on Transportation of Goods by a vessel from a place outside India to the customs station if destination of such goods is a country other than India Dated- 16th February, 2017] Applicability of service tax on the services by way of … Continue Reading →

Service Tax

No proposal in Union Budget 2017-18 to levy 5% Service Tax on Healthcare Services

February 15, 2017 NewsTaxIndia0 comments934 views

Central Government clarifies that there is no proposal in the Union Budget 2017-18 to levy 5% service tax on healthcare services Press Information Bureau Government of India Ministry of Finance 13-February-2017 20:00 IST Central Government clarifies that there is no proposal in the Union Budget … Continue Reading →

Service Tax

Flat 40% Abatement for Tour Operator Services with NO Restriction on Cenvat Credit of Input Services

January 13, 2017 NewsTaxIndia0 comments1332 views

Notification No. 04/2017-ST Dated: January 12, 2017 Seeks to amend notification No. 26/2012-ST dated 20.06.2012 so as to rationalize the abatement for tour operator services. Now there is a flat 40% abatement for Services by a tour operator with no restriction of Cenvat of Input … Continue Reading →

Service Tax

Service Tax on Import of Services of Transportation of Goods by a Vessel is covered under Reverse Charge

January 13, 2017 NewsTaxIndia0 comments1103 views

CBEC Notification No. 03/2017-ST dated 12-01-2017 seeks to amend notification No. 30/2012-ST dated 20.06.2012 so as to specify the person complying with the sections 29, 30 or 38 read with section 148 of the Customs Act, 1962 (52 of 1962) as the person liable for … Continue Reading →

Service Tax

Intermediary to Services of Renting of Hotels, inns etc. has been excluded from definition of Aggregator

January 13, 2017 NewsTaxIndia0 comments857 views

CBEC Notification No. 02/2017-ST dated 12-01-2017 seeks to amend Service Tax Rules, 1994 so as to, (i) exclude such persons from the definition of aggregator who enable a potential customer to connect with persons providing services by way of renting of hotels, inns, guest houses, … Continue Reading →

Service Tax

No Service Tax on Business Facilitator or Business Correspondent Services to Rural Area Branches of Banks

January 13, 2017 NewsTaxIndia0 comments2305 views

CBEC Notification No. 01/2017-ST dated 12-01-2017 seeks to amend notification No. 25/2012-ST dated 20.06.2012 so as to (i) withdraw the exemption from service tax for services provided or agreed to be provided by a person located in non-taxable territory to a person located in non-taxable … Continue Reading →

Service Tax

Past Assessments in Indirect Taxes will not be Reopened for the Reason of increased turnover on account of use of Digital Means

December 14, 2016 NewsTaxIndia0 comments852 views

Past Assessments in Indirect Taxes will not be Reopened for the Reason of increased turnover on account of use of Digital Means No. 137/ 155 /2012-Service Tax( Part-I) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Service Tax … Continue Reading →

Service Tax

No Service Tax on Payment of Transaction made through Debit or Credit Cards

December 8, 2016 NewsTaxIndia0 comments1023 views

No Service Tax if Payment of Transaction is made through Debit/Credit Cards up to Rs. 2,000 in a single transaction. CBEC Notification No. 52/2016-Service Tax dated 08-12-2016 Government waives service tax charged while making payments through credit card, debit card, charge card or any other payment card; … Continue Reading →