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: VAT RATES :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: due date for vat payment :: cpt :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: list of goods taxed at 4% :: form 3cd :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD
« News Headlines »
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout
 Income-tax (27th Amendment) Rules, 2016 - 92/2016
 Announcement - Clarifications in Respect of MEF 2016-17
 Non-taxing GST apps to make filing income tax return less painful

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 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

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