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
Latest Expert Exchange
Service Tax »
 12 ways to avoid paying more for bank services
 I-T return filing: Income Tax offices, Ayakar Seva Kendras to remain open from March 29-31
 Top 5 money matters you must settle before March 31 From income tax returns to LTCG,
 Steep fines for missing March 31 income tax deadline
 CBEC clears some air on refunds under GST, central excise, service tax laws
 3 key tax changes for senior citizens which will come into effect from April 1, 2018
 Income tax returns (ITR) filing: Not filed returns for 2 years? Beware! Deadline nearing
 All you want to know about HRA: When you can claim and how it is calculated?
 Income Tax Saving: 6 ways to save tax without investing before March 31 tax deadline
 Unnable to file your tax return? Take help of these portals
 Do you know which 80C instruments can help you save tax and carry no future tax liability?

GST will settle issues regarding double taxation of software: Commissioner of Service Tax
April, 19th 2016

Introduction of goods and services tax (GST) will help settle the issue of double taxation on some transactions like in case of information technology software, a top Finance Ministry official said at an ASSOCHAM event.

On the issue of double taxation on some transactions like software, it is true that there are disputes on the issue pending in various courts and forums, but I sincerely hope that will settle only after introduction of GST, said Mr Sanjay Gupta, Commissioner of Service Tax, Delhi - IV while inaugurating an ASSOCHAM national seminar on Service Tax & CENVAT Credit.

It is because most of the times there are two authorities i.e. Centre and states, though both are independent authorities and are entitled to take their view, even courts have given contradictory judgements, therefore I hope only GST will solve this problem, said Mr Gupta.

He also said that government had already moved miles ahead on the roadmap to GST as various committees have been formed by CBEC and administrative setup has also been augmented to face the upcoming challenges.

The present service tax laws are aligned with most of the international GST laws of taxation of services, thus by understanding correctly, the present law will not help now but will also help as and when the GST is introduced, added Mr Gupta.

He further said that acceptance of surrender of service tax registration is an area which needs to be improved. We are working upon it and very soon we will come out with simplified procedure.

Mr Gupta informed that large pendency of adjudication is slowly being solved after cadre restructuring and allocation of cases to other commissioners of central excise.

He also informed that Gurgaon commissionareate headed by him, is the single largest revenue collecting commissionareate in the country as last year it's total collection was about Rs 19,300 crore.

After number of years, the service tax zone - Delhi could exceed the revenue target in FY15-16 without resorting to usual year-end practice of CENVAT management, he added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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