Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: due date for vat payment :: cpt :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: empanelment :: ACCOUNTING STANDARDS :: VAT RATES :: TDS :: form 3cd :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
« Service Tax »
 Service Tax On Hotels And Restaurants – Recent Delhi High Court Judgment
 GST Council discusses 4-tier tax rate, cess on demerit goods
 Why you shouldn’t miss these three simple tax saving options beyond Section 80C
 Determination of value for transactions between the Related parties under GST Laws.
 Higher collections can offset GST losses
 GST to subsume over a dozen Central, State taxes
 Incidence of indirect taxes won't go up under GST
 Advanced Budget date: Absence of a GST rate may present estimation challenges
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
 FinMin warns tax officials of action against GST protest
 Model GST Law may redefine employer-employee relationship

States seek more say in service tax
October, 04th 2016

All the new service tax assesses were to come under dual control formula, which mandated a joint assessment by the Centre and the state.

In what could impact government plans to implement the GST from April 1 next year, fresh issues have crept up, which need to be resolved by the Centre and states.

After some states red-flagged Centre’s exclusive control over existing service-tax dealers with an annual turnover of up to Rs 1.5 crore, they now want clarity over its role in cases where luxury tax, entertainment tax and certain VAT on items like software and works contract will be merged with service tax.

As states control hotels, movie theatres and restaurants levying taxes on them, which would now merged with service tax in the new indirect tax regime, they don’t want to easily cede control over them. As per an earlier understanding between the Centre and states in the GST Council meeting, it was in-principal decided that states will assess small businesses with annual earning limit of Rs 1.5 crore for goods while service tax matters will be dealt by the Centre.

All the new service tax assesses were to come under dual control formula, which mandated a joint assessment by the Centre and the state.

“That was the initial understanding, but one or two members felt that beyond `1.5 crore, service tax should be dealt with dual control basis even for the existing dealers,” Haryana finance minister Captain Abhimanyu told FC, talking about deliberations in the second goods and services tax Council meeting held on September 30.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions