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Service Tax Provisions of Finance Bill 2010 Explained by Department

The Finance Minister has introduced the Finance Bill, 2010, in the Lok Sabha on 26th February 2010. Clause 75 and 76 of the said Bill covers the legislative changes relating to Chapter V of the Finance Act, 1994 (i.e. Service Tax). While some fresh exemptions from service tax have been granted, some existing exemptions have either been withdrawn or modified. All these changes have been notified under notification nos. 2/2010-ST to 17/2010-ST all dated 27th .....

New Eight Services Added under Service Tax

Finance Bill 2010 has introduced eight new services to charge service tax. These 8 New services Added in Service Tax Net ( Tax will come in force from the date to be Notified). The following are the list of services introduced in Finance Bill 2010. You can see the highlights of Budget 2010 related to direct and indirect taxes. This article is only the part of the service tax highlights in budget 2010 for the .....

Download Service Tax Forms in Excel and Word Format

Download Service Tax Forms in Excel and Word Format | GAR7 Challan, Form ST-1, Form ST-2, Form ST-3 (Amended), Form ST-3A, Form ST-4, Form ST-5, Form ST-6, Form ST-7, Form TR-6, Form – AAR (ST), Form ASTR-1, Form ASTR-2, E Filing Description Excel/Word Service Tax Payment Challan GAR 7 Challan Application for Registration FORM ST- 1 Certificate of Registration FORM ST- 2 Service Tax Return FORM ST- 3(Revised) Memorandum for provisional deposit FORM ST-3A Form .....

Only Legal firms are Comes under Service Tax not Independent Practicing Lawyers : BCI

The service tax introduced for lawyers in this year’s budget is applicable only to legal firms and not to independent practicing lawyers cleared by The Bar Council of India (BCI). Only law firms will have to pay the service tax and not individual lawyers. Although the service tax will have to be paid only by law firms, clients of such firms will have to spend more.

Changes in Service Tax | Budget 2009-10

There are no major changes in service tax after union budget 2009. Some are new service has introduced in this budget. New Services has been levied on following services: Transportation of goods through Railways, including government railways. Transport of coastal goods, and transport through inland waters. Legal Consultancy Services, except services provided by an individual or to an individual. Cosmetic Surgery & Plastic Sergery. Certain services have been modified. The definition of job work, under .....

Service Tax Rates Chart

Chart Showing Service Tax Rates Chart from 16-07-2001 Effective Dates Service Tax Rate Education Cess Secondary and Higher Education Cess Total 16-07-2001 to 13-05-2003 5% NIL NIL 5% 14-5-2003 to 09-09-2004 8% NIL NIL 8% 10-09-2004 to 17-04-2006 10% 2% NIL 10.2% 18-04-2006 to 11-05-2007 12% 2% NIL 12.24% 12-05-2007 to 23-02-2009 12% 2% 1% 12.36% 24-02-2009 onwards 10% 2% 1% 10.30%

Service Tax on Builders

Construction of residential complex was brought under service tax net w.e.f. 01.06.2005. Definition / Scope: Any service provided or to be provided to any person, by any other person, in relation to construction of complex. [Section 65 (105) (zzzh)] Value of taxable service:It shall be the gross amount charged by the service provider for such service provided or to be provided by him. In this context, it also becomes necessary to know some of the .....

Penalty Provisions Under Service Tax

Chart Showing Penalty Provision Under Service Tax S. No. Section Nature of default Minimum Penalty Maximum Penalty 1 76 Failure to pay service tax: 2% per month (on prorata basis) or Rs. 200/- per day which ever is higher Amount of Service Tax 2 77 Failure to Get Registered Rs. 5000/- Rs. 5000/- or Rs. 200/- per day, whichever is higher Fails to keep, maintain or retain books of account Rs. 5000/- Failure to furnish .....

Service Tax Return efiling | Complete Guide

Q.1 What is e filing ? A.1 E filing is a facility for the electronic filing of Service tax returns by the assesse from his office, residence or any other place of choice, through the Internet, by using a computer. The assesse can go to the e filing site `Home Page’ by typing the address http://servicetaxefiling.nic.in in the address bar of the browser.Q.2 Who can e file their returns ?A.2 Assesses having a 15 digit .....

How to Treat Service Tax in Tally9 or Tally.erp

Service tax integrated in Tally 9 takes care of your service tax transactions. It eliminates error-prone information, incorrect remittance, penalties, interests, compliance issues, etc. Service Tax in Tally 9 needs a one-time configuration for service tax features to be activated. Tally tracks bill-wise (bill-by-bill) detail and automatically calculates service tax payable and input credit with the flexibility to make adjustments later. Service tax is part of a regular transaction. Information on service tax is maintained .....

New Service Tax Return Form ST-3 | Format of ST-3 | Changed ST-3

Service Tax (Amendment) Rules, 2009 – Amendment in Form ST-3 Notification No. 10/2009-ST, dated 17-3-2009 In exercise of the powers conferred by section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994 namely : – 1. (1) These rules may be called the Service Tax (Amendment) Rules, 2009. (2) They shall come into force on the date of their .....

Document Required for Service Tax Registration

To get the Service tax Registration followings documents are required:For Local/Single Registration Copy of PAN Card of the assessee. Proof of address of the premises to be registered. Copy of Telephone bill/Electricity bill/Rent agreement in the name of the company/firm/partner/proprietor Partnership deed (In case of Partnership Firm) Copy of Memorendum of Association. (In case of Private Limited and Limited company only) For Centralized Registration of Service Tax For Centralize registration in addition to the above .....

Excise Duty and Service Tax Reduced by 2%

Giving relief to the industry reeling under the impact of slowdown, the Government reduced by two per cent rates of excise duty and service tax. While the general excise duty has been reduced from 10 per cent to 8 per cent, the rate of service tax cut from 12 per cent to 10 per cent. Four per cent excise cut announced earlier in the stimulus package in December will continue beyond March 31, Finance Minister .....

Tourism Sector Suffer, Hope for Tax exemptions

In the wake of the terror attacks in Mumbai, the ministry is finalising a new campaign trying to spread the message that the security situation in India is well within control and the government is well equipped to guarantee the safety of every tourist coming to the country.Indian Association of Tour Operators (IATO) has written to the Tourism Ministry seeking a package to tide over the crisis. We have written to the ministry seeking certain .....

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