Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | 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
 
 
 
 
Popular Search: due date for vat payment :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: VAT Audit :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARDS :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT RATES :: list of goods taxed at 4%
 
 
Service Tax »
 GST base looks set to be at least 25% wider than earlier tax regime
 Businesses struggle with multiple tax rates, returns
 Common use items exempt from e-way bill provision under GST
 Goods And Services Tax Sends Taxes Racing
 How GST lesson can unleash untapped potential of education sector in India
 Services sector PMI falls most in 4 years on GST
 Missing column in GSTR 3B form leaves input claims a shaky edifice
  Communication to the Central Excise/Service Tax Taxpayers on migration to GST
 GST not easy to implement but tax base expansion will benefit all
 Goods and Services Tax was not an easy reform to implement
 GST to expand tax base, bring down weighted average tax rate:

CFI seeks service tax exemption on metro construction
December, 05th 2011

Construction Federation of India has sought service tax exemption on construction of metro and mono railways to achieve desired growth in the sector in a pre-Budget memorandum submitted to the Finance Ministry.
  
"CFI has demanded service tax exemption not only for construction of metro and mono railways but also on the toll revenues collected by the SPV Cos and their sub-contractors," the federation said in a statement.
     
The memorandum has pointed out that service tax exemption provided to Indian Railways for construction of railways should include metro and mono railways.

"It should not be restricted to only contracts awarded for Indian Railways," it added.

On the issue of toll collection by SPVs, CFI said concessionaires or their sub-contractors do not act toll collection agents of NHAI or state authorities, hence their collection of toll revenues should not be liable for service tax.

As per the guidelines of NHAI or state authorities, successful bidder is required to form a separate Special Purpose Vehicle (SPV) for execution of the project during concession period.

It also sought exemption from service tax when the service is exported to neighboring countries like Nepal, Bhutan etc.

"Since this promotes export of service and cordial relationship with neighboring countries, it should be considered as 'export of services' and payment made by the service receiver in Indian currency should not be taxed," it added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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