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KNOW CHANDIGARH
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At Service Tax India, we Endeavour to provide information about applicability of Service Tax in India with the object to spread awareness among the service tax assesses.

Brief notes on Service Tax procedure are available with effective rate of Service Tax leviable from time to time, List of taxable services in India is also provided with tax deposit accounting code , Cess code You can also down load Service Tax Return ST-3 Form and Service Tax Challan GAR-7. Further you can access links to Service Tax Notifications , Circulars and Service Tax Rules though this web site issued till date. By using Ask Us option you can ask one question on Service Tax procedural matters for free. We are operating as Tax Consultants in Chandigarh, Panchkula , Mohali and adjoining areas of Punjab and Haryana.

This is not an offical website of Governtment of India

Rajnish Dhami
Tax Consultant
Chandigarh

NEWS SECTION

Rate of Service Tax + Cess 12.36% w.e.f 01-04-2012

The rate of service tax is being restored to the statutory rate of 12% - and Notification No. 8/2009-ST dated February 24, 2009 reducing the rate to 10% has been rescinded effective April 1, 2012.

Restoration of old Accounting Codes : Service Tax Assessees are now again  required to deposit service tax under  specific accounting codes for payment of service tax .

F.No.341/21/2012-TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Tax Research Unit
146-F, North Block,
New Delhi, 20th November, 2012
To
Chief Commissioners of Central Excise and Customs (All), Director General (Service Tax), Director General(Systems), Director General (Central Excise Intelligence), Director General (Audit),Commissioners of Service Tax (All), Commissioners of Central Excise (All), Commissioners of Central Excise and Customs (All)

Madam/Sir,

Subject: Restoration of service specific accounting codes for payment of service tax - regarding.

Negative List based comprehensive approach to taxation of services came into effect from the first day of July, 2012. Accounting code for the purpose of payment of service tax under the Negative List approach [“All Taxable Services” – 00441089] was prescribed vide Circular 161/12/2012 dated 6th July, 2012.

2.         Subsequent to the issuance of the Circular, suggestions were received from the field formations that the service specific old accounting codes should be restored, for the purpose of statistical analysis; also it was suggested that list of descriptions of services should be provided to the taxpayers for obtaining registration. These suggestions were examined and a decision has been taken to restore the service specific accounting codes. Accordingly, a list of 120 descriptions of services for the purpose of registration and accounting codes corresponding to each description of service for payment of tax is provided in the annexure to this Circular.

3.         Descriptions of taxable services given in the annexure are solely for the purpose of statistical analysis. On the advice of the office of the C & AG, a specific sub-head has been created for payment of “penalty” under various descriptions of services. Henceforth, the sub-head “other receipts” is meant only for payment of interest payable on delayed payment of service tax. Accounting Codes under the sub-head “deduct refunds” is not to be used by the taxpayers, as it is meant for use by the field formations while allowing refund of tax.

4.         Registrations obtained under the positive list approach continue to be valid. New taxpayers can obtain registrations by selecting the relevant description/s from among the list of 120 descriptions of services given in the Annexure. Where registrations have been obtained under the description ‘All Taxable Services’, the taxpayer should file amendment application online in ACES and opt for relevant description/s from the list of 120 descriptions of services given in the Annexure. If any applications for amendment of ST-1 are pending with field formations, seeking the description ‘all taxable services’, such amendment may not be necessary and the officers in the field formations may provide necessary guidance to the taxpayers in this regard. Directorate General of Systems will be making necessary arrangements for display of the list of 120 descriptions of services and their corresponding Accounting Codes in Form ST-1 and Form ST-2 as may be necessary.

5.         Officers in the field formations are instructed to extend necessary guidance to the tax payers regarding the selection of appropriate description of taxable service and facilitate the payment of service tax/cess due under the appropriate accounting code. Trade Notice/Public Notice may be issued to the field formations and tax payers. Please acknowledge receipt of this Circular. Hindi version follows.

Click here > Annexure (nine pages)
(J.M.Kennedy)
Director, TRU
Tel: 011-23092634
Email: jm.kennedy@nic.in

 

 

SERVICE TAX RETURN : APRIL TO JUNE 2012

Modified version of the Service Tax Return (ST3) for the quarter Apr-Jun,2012 is now available for uploading to ACES.It is available in 'DOWNLOADS' section in www.aces.gov.in

 

Service tax return to be e-filed by 25-10-2012 to be for April-June 2012 quarter (not half year ended September). [Service tax (4th Amendment) Rules, 2012 of 28-09-2012].

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
NOTIFICATION  No  47/2012-SERVICE TAX

New Delhi, the  28th  September, 2012G.S.R        (E).-In exercise of the powers conferred by sub-section(1) read with sub-section (2) of section 94 of the Finance Act 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely:-

 (1) These rules may be called the Service Tax(Fourth Amendment) Rules, 2012.

(2)  They shall come into force on the date of their publication in the Official Gazette.

In the Service Tax Rules,1994, in rule 7, in sub-rule(2), the following proviso shall be inserted, namely:-

 “Provided that  the Form ‘ST-3’ required to be submitted by the 25th day of October, 2012 shall cover the period between 1st April  to 30th June, 2012 only.”

 

 NEGATIVE LIST OF SERVICES REVISED APPLICABLE FROM 01.07.2012
The service Tax Department has extended the Exempted services List and issued a new Amended list of Negative services vide notification 25/2012 dated 20.06.2012 in super session to old exemption list notified earlier vide notification 12/2012 . New 14 services has been added in the exempted category . The new notification is given below for your ready reference.


New services Added in Negative List of services wef 01.07.2012

While releasing the Guidance Paper Hon'ble Finance Minister also announced some new exemptions as follows: (a) Service provided by advocates to other advocates and business entities upto a turnover of Rs. 10 lakh in the preceding financial year. (b) Exemption to firm of advocates on the same lines as individual advocates. (c) Auxiliary educational services and renting of immovable property provided by educational...

Finance Bill 2012 Enactment

The Finance Bill, 2012 has  been enacted and has become  Finance Act, 2012 w.e.f. 28.05.2012 ( Act No 23 of 2012 ) with president's assent and all statutory provisions have become applicable w.e.f. 28.05.2012 except the provisions of negative list which will be applicable after issuance of the Notifications which are expected around June 1, 2012.

 

 

 

 


 

 

E Payment and e-filing of service tax return.
  1. Where an assessee has paid a total service tax of rupees ten lakh or more including the amount paid by utilisation of CENVAT credit, in the preceding financial year, he shall deposit the service tax liable to be paid by him electronically, through internet banking.”
  2. where an assessee has paid a total service tax of rupees ten lakh or more including the amount paid by utilisation of CENVAT credit, in the preceding financial year, he shall file the return electronically”.

Rule shall come into force on the 1st day of April, 2010.

 

 
 
ARTICLES

Posted by: Narendra Kumar Singhvi November 19, 2011 '

Taxation of Services: Negative or Positive List

Read Complete ARTICLE

 

Posted by: Juhi Bansal June 18, 2010
1. LEVIABILITY OF SALES TAX TO ACTIONABLE CLAIM - Read Complete ARTICLE
2. ENTRY TAX IS IT CONSTITUTIONAL - Read Complete ARTICLE
 

 

 

 

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