Consult Construction

  • The Service Tax Voluntary Compliance Encouragement Scheme-clarifications

    Whether a person who has not obtained service tax registration so far can make a declaration under VCES? Any person who has tax dues to declare can make a declaration in terms of the provisions of VCES. If such person does not already have a service tax registration he will be required to take registration before making such declaration.   Whether a declarant shall get immunity from payment of late fee/penalty for having not taken registration earlier or not file ...

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  • Amendment in service tax on construction , complex services

      CBEC has amended Notification No. 26/2012- ST dated 20.06.2012 with a view to remove the ambiguity prevailing on the rate of abatement of servicetax on construction of residential unit.Notification No. 09/2013- ST dated 08.05.2013 has amended the rate of abatement in the case of construction of a complex, building, civil structure or a part thereof in the following manner:(a) Service tax has to be paid on 25% value of a residential unit if the following two conditions are fulf ...

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  • Service tax return for Oct 12 to March 2013

    F. No 137/99/2011-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ******   New Delhi, dated the 23rd April, 2013 Order No:- 03/2013-Service Tax   In exercise of the powers conferred by Sub-rule(4) of rule 7 of the Service Tax Rules , 1994, the Central Board of Exercise & Customs hereby extends the date of submission of the Form ST-3, for the period from 1st October 2012 to 31st March 2013, from 25th April, ...

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  • Manner of Execution of Contract - Key for Service Tax Liability

    IN the new Service Tax regime, a service provider is required to pay Service Tax if he does not fall within the Negative List (s. 66D of the Finance Act, 1994) or if he is not exempted under the Mega Exemption notification 25/2012-ST dated 20.06.2012. The opportunities and problems the New Service Tax regime has posed to the Professionals and the industry in mind-boggling. One needs to carefully draw up his contracts lest he is drawn into the Service Tax net. In this article the author would ...

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  • Works Contract are subject to both Service Tax and VAT

    The earlier articles in this series have discussed several reform measures taken by CBEC to strengthen the service tax regime. However, one aspect that needs some re-design is the aspect of works contracts. Works contracts are subject to both service tax and VAT. This cannot be changed, because a works contract has both an element of sale of goods and a service element. In order to ensure that only the goods portion of a works contract was taxed, states have long since provided that the service ...

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