by Sailaja | Nov 25, 2015 | Indirect Taxes
A Cess which shall be levied and collected in accordance with the provisions of Chapter VI of the Finance Act, 2015 called Swachh Bharat Cess, as service tax on all the taxable services at the rate of 0.5% of the value of taxable service. SBC is not a cess on Service...
by Sailaja | May 30, 2015 | Indirect Taxes
PRESS NOTE DATED 20-05-2015 In the Union Budget, 2015, an increase in the rate of Service Tax from 12% to 14% had been proposed from a date to be notified. The Finance Bill, 2015 has since been enacted and the Central Government has notified 1st June, 2015 as the date...
by Sailaja | Apr 2, 2015 | Indirect Taxes
Finance bill, 2015 has proposed to increase effective rate of Service Tax from 12.36% to 14%. It is wrongly reported in some quarters that the effective date of change in rate of Service Tax is 1st April, 2015. It is hereby clarified that the change in the rate of...
by Sailaja | Jan 27, 2015 | Indirect Taxes
Ovieya Builders Vs. Commissioner of Customs, Central Excise & Service Tax (Appeals), Coimbatore [(2015) 53 taxmann.com 26 (Madras)] Ovieya Builders (the Petitioner) was engaged in the activities of construction and had carried certain construction works for M/s....
by Sailaja | Jan 25, 2015 | ICAI, Indirect Taxes
With the introduction of GST regime round the corner, The Indirect Taxes Committee of The ICAI has launched a standardized PPT on Goods & Services Tax (GST) to provide a single handed knowledge on upcoming GST regime in India. The standardized PPT aptly covers...
