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: ACCOUNTING STANDARDS :: due date for vat payment :: cpt :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: list of goods taxed at 4% :: VAT Audit :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd
 
 
« News Headlines »
 What to do if you get an income tax notice after demonetisation
 SBI calls for raising income tax exemption limits
 Did you know? The tax exemption on your HRA
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA

Service tax net traps new depts
June, 21st 2006

News

21st June, 2006

Service tax net traps new depts

The fine print in the Finance Bill, 2006 has brought several government entities such as state police, Central Industrial Security Force (CISF), highways and the municipal corporations into the service tax net.

The inclusion of several government agencies under the ambit of the tax is on account of the words commercial concern in relation to 17 services being substituted with the words person, in the Budget. The change was made with the intention to expand the scope of the service provider.

The Directorate of Service tax has already written to the CISF, the Department of posts and the Directorate of Audio Visual Publicity asking them to pay tax with effect from April 18, the date on which the Finance Act was notified.

Government officials said that security services provided by the state police to individuals or to events in exchange for a remuneration would invite service tax.

Similarly, the CISF, which also charges money for providing security to government buildings and establishments, would also have to pay service tax on such remunerations.

Similarly, selling of space for advertisements by the municipal corporation, the railways and highways authorities will also be liable to service tax.

Officials said that services provided by the department of posts such as speed post, courier services, transfer of money and postal life insurance were also liable to service tax.

We are still in the process of identifying more government agencies and departments which would invite service tax following the changes made in the budget, an official said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

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