Finance Bill, 2014 enacted into Finance Act, 2014, Date of Enactment 06.08.2014Budget 2014-15 : Sale of space for advertising has been made taxable except for print media.Budget 2014-15 : Radio Taxis are now taxable.Budget 2014-15 : Education : The definition of Auxiliary Education Services has been scraped.Budget 2014-15 : Works Contract : 2 slab rates prescribed in place of earlier 3 slabs.Budget 2014-15 : E-payment of Service tax is being made mandatory with effect from 01.10.2014.Budget 2014-15 : POPS: Definition of intermediary is being amended to include the intermediary of goods in its scope.

Service Tax: News, Views & Stories

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Case Laws

Manpower Supply Agency Service: Perusal of the invoices as raised the appellant on M/s. Valson Industries Limited and others indicate that the contrac...
Input Service: Cenvat Credit: Common use in taxable and non-taxable service: Appellants reversed proportionate credit earned on service...
Delay: Condonation: 25 days delay: Delay is because the partner of the firm being on tour and was suffering from health problems: Delay cond...
Show Cause Notice: Limitation: Show Cause Notice issued in 2013 for denying Cenvat Credit November 2007 seems to be hit by limitations as the appellan...
Banking & Other Financial Services: There is no service tax liability on underwriting fee or underwriting commission received by the primary deal...
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Articles & Analysis

Posted on October 15, 2014 By: Team STO

 

Service Tax on Advocates

Negative list based Service Tax has brought many changes. There is a paradigm shift in the way Service Tax has been levied on legal services. From 01.07.2012, there is major change in the way legal services are taxed........

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Posted on October 02, 2014 By: Team STO

 

Service Tax on Joint Ventures

Under the negative list approach, all activities undertaken by any person are taxable unless and until they are (i) out of the scope of definition of the service, (ii) specified in the negative list, or (iii) prescribed as exempted under exemption notification.......

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