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: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: form 3cd :: ACCOUNTING STANDARD :: VAT RATES :: empanelment :: list of goods taxed at 4% :: VAT Audit :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARDS
 
 
News Headlines »
 The penalties for not paying tax on time
 How to make your salary tax efficient
 I-T Department may go into overdrive this quarter
 Ways to reduce the TDS deduction from your salary
 4 Tips for choosing who prepares your 2017 Tax Returns
 Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 & applicability of section 143(1)(a)(vi)
 Price Waterhouse gets 2-year ban in Satyam case
 How to save income tax under section 80C
 These four expenditures can help you save tax under section 80C
 How to avoid excess deduction of TDS from salary income
 Income-tax deduction from salaries during the financial year 2017-18 under section 192 of the Income-tax Act, 1961

Repair services too under scanner
September, 19th 2006
Companies that provide repair and maintenance services could come under the watch of the service tax department for payment of service tax. The department has contended that companies which consume goods along with services while providing repair and maintenance services have to factor in the cost of such goods while calculating their service tax liability. Action by the government against such companies is being considered in light of a clarification issued by the revenue department in March this year, which stated that goods consumed during the provision of service, that are not available for sale, by the service provider would not be entitled to any exemption from service tax. Official sources said the clarification was issued since there was lack of clarity on whether goods consumed while providing repair and maintenance services were liable to tax. The revenue department had issued a notification in June 2003 that provided exemption from service tax on the value of goods and material sold, subject to documentary evidence of such sale being available. According to service tax expert J K Mittal, the government should consider providing an abatement for repair and maintenance services. He pointed out that the notification issued by the revenue department in 2003 was not relevant since it sought to provide exemption to goods sold, which, in any case, did not attract any service tax. Goods sold cannot attract service tax. They will only attract Value Added Tax or sales tax. The government, therefore, sought to exempt something which is not taxable in the first place, he said.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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