How to be Effective Professionals- Important Vs Urgent

  • Category: Professional Value Pack
  • Date: 05-01-2016
  • Writer: CA Madhukar N Hiregange

Service Tax paid under wrong code- Remedies available

  • Category: Erstwhile Indirect Tax Laws
  • Date: 04-01-2016
  • Writer: CA Ashish Chaudhary

Service Tax paid under wrong code- Remedies available

  • Category: Erstwhile Indirect Tax Laws
  • Date: 02-01-2016
  • Writer: CA Ashish Chaudhary

Every assessee liable to pay service tax, isto take registration with service tax department. Where assessee has been providing services from multiple premises, it may obtain separate registration for each of the premises or may obtain centralized registration for all the premises take together. Tax needs to be paid under the code for which registration has been obtained.   

Sometime, it could be possible that multiple registrations are obtained at the same premise by multiple...

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Utilisation of Cess credit for Service tax payment

  • Category: Erstwhile Indirect Tax Laws
  • Date: 02-01-2016
  • Writer: CA Mahadev R

Indirect Tax Latest Judicial Precedents January 2016

  • Category: Erstwhile Indirect Tax Laws
  • Date: 01-01-2016
  • Writer: CA Ashish Chaudhary

HIGH COURT

1. Service tax payable on construction service provided by developer to land owner (Southern Properties & Promoters 2015 (30) S.T.R. 892 (Mad.)

  • Background:   Service provider constructing flats under JV with land owner out of which few flats granted to land owner. No service tax paid on flats handed over to land owner citing that no consideration received from land owner. Tribunal ordered for pre-deposit.
  • Issue: Whether developer is liable to pay service tax on...
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Utilisation of Cess credit for Service tax payment

  • Category: Erstwhile Indirect Tax Laws
  • Date: 01-01-2016
  • Writer: CA Mahadev R

After removing the concept of Education cess (EC) and Secondary & Higher Education cess (SHEC) on taxable services, service providers were not clear about treatment of Cenvat credit lying unutilised in form of Cess which paid on inputs, capital goods and input services.   

To address this issue, the CBEC vide notification no. 22/2015-CE (N.T.) dated 29 October, 2015 amended Cenvat credit provisions to allow the following for payment of service tax:   

  1. Credit of EC/ SHEC...
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Indirect Tax_Latest Judicial Precedents_January 2016

  • Category: Latest Judicial Precedents
  • Date: 01-01-2016
  • Writer: CA Ashish Chaudhary