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 :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: form 3cd :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: TDS :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: cpt
 
 
« Service Tax »
  Ways In Which GST Will Impact The Average Indian’s Wallet
 Goods done, GST Council seals tax rate on services
 Respite likely for businesses on e-way under GST
 Govt to strengthen agency under GST to check tax evasion
 1% tax at source under GST likely for online sellers
  Rules For Integrated Goods And Services Tax Act, 2017
 Interpretation Of Central Goods And Services Tax (CGST) Act (Part-5)
 Rules For Integrated Goods And Services Tax Act, 2017
 GST: What still needs to be done
 More than a 3rd of state taxes to stay out of GST
 Goods and Service Tax will boost economy of nation feels

All services by government to businesses to attract Service tax
April, 15th 2016

The revenue department today said all services provided by government or a local authority to a business entity will attract service tax from April 2016.

However, services provided by government or a local authority to business entities up to a turnover of Rs 10 lakh in the preceding financial year will be exempted from the levy, a revenue department statement said.

"This (exemption) would relieve small businesses from compliance burden," the statement added.

Earlier, only support services provided by the government or local authority to business entities were taxable.

Services provided by government or a local authority to another government or a local authority are exempted, it said, adding the exemption will not apply on such services which were subjected to service tax prior to April 1, 2016, like the services of transport of goods or passengers by Indian Railways.

The statement further clarified, that services by way of grant of passport, visa, driving license, birth or death certificates will remain exempted.

Also, services provided by the government or a local authority where the gross amount charged for such service does not exceed Rs 5,000 have been exempted.

"In case of continuous service, the exemption shall be applicable where the gross amount charged for such service does not exceed Rs 5,000 in a financial year. Needless to say that this exemption is not applicable to the services provided by government or a local authority which were subjected to service tax prior to April 1, 2016," it said.

It has also been clarified that taxes, cesses or duties levied are not leviable to Service Tax. Similarly fines and penalties chargeable by Government or a local authority imposed for violation of a statute, bye-laws, rules or regulations will not attract Service Tax.

The revenue department has said that activity undertaken by Government or a local authority against a consideration will constitute a service and the amount charged for performing such activities will be liable to Service Tax.

Services provided by the Government or a local authority by way of registration required under law, testing, safety check or certification relating to protection or safety of workers, consumers will not attract service tax, the statement said.

Services by way of allocation of natural resources by Government or a local authority to an individual farmer for the purposes of agriculture too will be exempt from payment of service tax.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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