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 liable to service tax
March 27, 2012 by Leave a Comment
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’ [...]
Delhi High Court : Service Tax on Renting of Property Valid !
September 23, 2011 by 2 Comments
Service tax on rent of immovable property now get seal of approval from Delhi High Court. Hundreds of lawyers including Sri Harish Salve and Dr Avishek M Sighvi could not pursue the Court that the service tax on renting of immovable property is unconstitutional.Delhi High Court vide its order dated 23/09/2011 dismissed the Hundreds of [...]
Service tax return compulsorily to be filed electronically from 01/10/2011 !
August 27, 2011 by
Rule 7 of Service Tax Rules 1994 prescribe for rules regarding filing of return for every six months. It has a proviso which makes it mandatory for all assessees who have paid Rs 10 Lakhs as service tax , to file the return , mandatorily , in electronic form only. For all others , the...
Satisfy 3 criteria for services to be considered as exclusively used by SEZ Unit/Developer: CBEC
May 23, 2011 by Leave a Comment
Tax Research Units of CBEC has vide its circular No.142/11/2011 – ST dt 18.05.2011 has clarified , among many other points related to services to SEZ, that only such services shall be considered as exclusively used by SEZ Unit/Developer, for the authorised operations, as they satisfy the following criteria: (i) Invoice is raised in the [...]
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