Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25
 Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?
 Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?
 BackBack Income Tax Act amendment on cards on tax treatment of MSME dues
 ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here
 Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime
 How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)
 Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning
 What Are 5 Heads Of Income Tax?
 Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals
  Income Tax Return: 5 lesser-known tax-saving tips from Section 80

CBEC simplifies service tax norms
November, 04th 2006

Payment of service tax is getting simpler as multi-location service providers are being allowed to obtain centralised registration much faster.

The Central Board of Excise & Customs (CBEC) has simplified the procedure for granting registration. The board has extended the centralised registration scheme to taxpayers who though not providing taxable service were liable to pay service tax under the provisions of service tax law.

Earlier, only the person providing taxable service from more than one premises, and having centralised billing or accounting, could opt for centralised registration of premises from where the billing was done.

This facility, however, was not allowed to the service receiver or any person other than the service provider, who is liable to pay service tax. For example in case of goods transported by road, the person liable to pay service tax is the one who pays freight for such service in specified cases. Similarly, in the case of service provider located outside India, the person receiving service in India was liable to pay service tax.

The board has decided that service tax payers would now also be subject to audits. The CBEC is carrying out certain technical amendments in the rules to facilitate audit of service tax assessees.

The CBEC has amended the service tax rules to extend the facility of centralised registration to any person liable to pay service tax. Therefore, the service receiver, or any other person liable to pay service tax, having centralised accounting or billing will be eligible for centralised registration.

The board has also simplified the procedure for granting centralised registration by authorising the commissioner of central excise or service tax having jurisdiction over the premise to grant centralised registration.

The amendment would, however, not affect centralised registrations that were issued before November 11 this year, an official statement said.Earlier, centralised registration could be granted by the commissioner or the chief commissioner of central excise only if all premises where centralised billing or accounting system is maintained as well as from where the taxable service is provided and were within their jurisdictions.

If the premise of a service taxpayer was spread beyond a zone, the registration was granted by the director general (service tax) located in Mumbai, causing huge delays.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting