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: empanelment :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: TDS :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Service Tax »
 Goods and Services Tax (Compensation to States) Amendment Act, 2017.
 Services sector need to brought under Section 72A of the Income-Tax Act
 Simplifying GST: Creating a Grand Simple Tax
 The way ahead for goods and services tax
 Goods & Service Tax (GST): Recent Clarifications
 Tax payers can see status of returns filed on GSTN portal
 Export And Import Of Goods Under GST
 The Finance Resolution And Deposit Insurance Bill, 2017
 Payment made in revenue sharing deal exempt from service tax
 India seen posting stronger growth as businesses adjust to new tax
 GST High Powered Committee On Return Filing - Representation by GST Research Foundation

Seminar held on changes in service tax
July, 23rd 2012

Chandigarh A seminar organized by the Institute of Cost Accountants of India on Sunday stressed on the fact that there must be awareness regarding the implementation of service tax amendments, brought into effect since July 1, as there is still confusion in the service sector. The seminar was titled Paradigm Shift in Service Tax. During the seminar, members of the Institute of Cost Accountants of India, along with others, discussed the change brought baout in the levying of service tax.


The approach has led to a substantial alteration of the Service Tax Law, impacting people in terms of increased cost of services, specifically where credit is not allowed, even double taxation in some cases and compliance issues, said Rakesh Bhalla, Vice-Chairman of the Northern India Regional Council of The Institute of Cost Accountants of India.

Bhalla said that there is no clarity on the services that are to be covered under the new system of levying a service tax. 39 services are to be exempted and 17 others are in the negative list prepared by the department.

The chief guest was Anil Kumar Gupta, Internal Revenue Service (IRS) Commissioner with the department of Central Excise and Service Tax and Atul Handa, IRS joint commissioner. Bhalla said that the impact on the consumers will be that in some cases duty is to be paid by the service receiver, for which they have to register with the Service Tax Department.

Bhalla said that the reverse charge mechanism has shifted the onus of paying service tax from the service provider to the service receiver, though without any threshold limit, as in case of the Rs 10 lakh limit, available to the service provider.

Also, he said, earlier the department was required to prove that any particular service is covered in the 119 taxed services but now, the assessee is required to prove that he is not covered under service tax.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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