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: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: TDS :: VAT RATES :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: articles on VAT and GST in India :: cpt :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
Service Tax »
 IT infrastructure firm of GST under scrutiny for tax evasion
 GST council OKs draft law on relief to states
 GST Network gets notice for avoiding service tax
 GSTN contract may attract tax
 GST Council may discuss tax rate on gold at Udaipur meet
 Govt may rework indirect tax estimates mid-way after GST
 GST Council meeting: States allowed to tweak taxpayer division after consulting Centre
 Government may rework indirect tax maths mid-way after GST entry
 Govt may rework indirect tax mid-way after GST entry
 GST rollout will reduce disparity among states
 GST: E-tailers oppose tax laws

Service Tax on CAG:Officials told not to move ahead
June, 15th 2012

The Excise and Service Tax Department which was contemplating to impose service tax on the office of Comptroller and Auditor General (CAG) is having second thoughts about its proposal and has asked its officials to go slow in the matter, sources said today.

"The subject matter is being examined by the board office. Therefore, it is requested that no action is required to be taken till issuance of further clarification by the board in this regard", said a circular issued by the department.

Earlier, the department had taken a stand that the Comptroller and Auditor General(CAG)which audits accounts of government companies was liable to pay service tax as it charges fees for its 'service'.

The department in a letter to its officials on May 30 had cited an instance where CAG was paid for its services but it did not pay service tax thereon.


"Preliminary enquiry reveals that they (CAG office in Nagpur) have received Rs 3.3 crore from three organisations in the last five years for providing services, but have failed to pay Rs 33 lakh as service tax on such taxable services provided by them".

The reason for the department deciding against imposing service tax on CAG for now was not immediately known.

"The issue was taken up at the conference held in New Delhi and attended by all the Chief Commissioners", said a source.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

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