News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Service Tax »
  Communication to the Central Excise/Service Tax Taxpayers on migration to GST
 Don’t let the tax scrutiny spoil happy returns
 Government launches Faceless e-assessment scheme for taxpayers
 Tax department issues ITR scrutiny notices. Here’s what to expect and how to file a reply
 Income tax considerations for joint owners of properties
 Do senior citizens with income less than Rs 5 lakh need to pay tax on FD interest income?
  How is the interest paid on borrowings taxed?
 Amendment in Rule 10CB of the Income-tax Rules, 1962 in respect of computation of interest income pursuant to secondary adjustment made under Section 92CE of the Income-tax Act, 1961​
 The Central Goods and Services Tax (Sixth Amendment) Rules, 2019
 Is it mandatory to file ITR even if your annual income is less than Rs 5 lakh/annum?
 Income tax department starts e-assessment centre. How faceless assessment works

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 2019 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