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: form 3cd :: cpt :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: TDS :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: empanelment :: ACCOUNTING STANDARD :: list of goods taxed at 4%
 
 
« News Headlines »
 How many times one can revise tax returns?
 Income tax exemption for FY19
 How will the new provisions really work?
 How to save income tax? Best tips for young earners
 Forgot to verify your income tax return? Here's help
 Notification of Government e-Marketplace (GeM) under section 138 of the Income-tax Act
 Income tax returns can be filed even if you missed deadline
 What is the difference between a tax return and a tax refund?
 Improving tax compliance in India
 How to invest in the new LTCG tax regime
 5 Tips to help you save tax

CBEC invites comments on draft circulars on service tax
June, 20th 2007

In a bid to guide taxpayers and make tax payments easier, the Central Board of Customs and Excise today came out with two consolidated draft circulars on service tax which would replace all circulars issued so far.

The draft circulars, on which the Board has sought comments from the public by June 29, would supercede all circulars, clarifications and instructions issued by the government since the levy was introduced in 1994, CBEC said.

While the draft on 'Procedural issues in Service Tax - clarification' aims at consolidating procedures for payment of service tax, it also deals with issues concerning availment and utilisation of CENVAT credit by tax payers.
 
The second draft deals with scope, valuation and classification of taxable services, export of services, scope of exemptions and matters concerning levy of service tax.
 
These drafts were issued in pursuance of a report prepared by former chief commissioner T R Rustagi on utility of various circulars and instructions issued by CBEC so far.
 
Earlier, after examining the Rustagi report, the Board had withdrawn 48 circulars which were found to be redundant or inconsistent with the existing law and procedures.
 
These circulars, the Board said, only seek to clarifiy the scope of the Finance Act and in the event of any inconsistency or contradiction between the circular and the provisions of the Act, the later would prevail.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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