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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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