Don't Worry , Be Happy !
120 service tax accounting codes are once again notified to be used from December 2012 onward for payment and registration time. Only five months ago , in July , CBEC issued a circular by which one accounting code was prescribed for negative list service tax regime However, now the government will reintroduce sector-specific tax filing codes from December, [...]
Service Tax authorities have notified 34 major services which shall be out of service tax provisions vide the Notification no Notification No.12/2012-Service Tax dt 17/03/2012. However, the negative list was expanded vide notification no 25/2012 by which 39 types of services were defined to be out of service tax. Every services other than the services [...]
The government has issued notification 42/2012 – ST, DATED 29-6-2012 by which service provided by a commission agent located outside India and engaged under a contract or agreement or any other document by the exporter in India, to act on behalf of the exporter, to cause sale of goods exported by him has been made [...]
Retreading of tyres is covered under the ambit of the service ‘Management Maintenance & Repair Service’ and is liable to payment of service tax. You are accordingly requested to advise the Members of your Association to pay Service Tax. The issue dealt by the Service Tax authority was the representation that t ‘retreading of tyre’ [...]
The demand of service tax for society or association formation by builder is very confusing for many buyers .The reason for such confusion is simple that formation of society / association can neither be a service nor the cost of construction of flats .Then the question of a customer is very valid why the builder [...]
Deduction u/s 80E of the Income Tax Act is allowed to individuals who takes education loans for … [Read More...]
A video reports on tax planning by US based corporate to shift their office elsewhere in other … [Read More...]
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