Finance Bill Proposes mandatory pre-deposit of duty or penalty or both before filing of AppealBudget 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.

Case Laws

Cenvat Credit: Input Service: GTA Service: No nexus with taxable output service provided: Demand and penalties set aside as demand beyond normal perio...
Cenvat credit: Utilisation of Cenvat credit: Cenvat credit, which already stands used for payment of Service Tax, cannot be confirmed again, against t...
Maintenance or Repair Service: Demand: Stay: Appellant given adequate opportunities to produce evidence to claim abatement or prove non liability to p...
Speaking Order: Remand: Lower appellate authority has not applied his mind at all: While passing an order in appeal, Commissioner (Appeals) has to dis...
Demand: Stay: Valuation: Section 67 of the Finance Act, 1994 provides for ascertaining the value of only the service component wherever complex transa...
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Articles & Analysis

Posted on July 14, 2014 By: Team STO

 

CHANGES PROPOSED IN SERVICE TAX PROVISIONS IN BUDGET 2014

LEGISLATIVE CHANGES :- THE FOLLOWING CHANGES ARE PROPOSED IN THE FINANCE BILL, 2014 W.E.F. THE DATE OF ENACTMENT.

1. Sale of Space for Advertisement

New Service tax levy on the following forms of advertisement is being introduced by amendment to......

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Posted on July 10, 2014 By: Team STO

 

Service Tax Changes : An overview

Budget speeches never say much, it’s the fine print which says lot more. The budget proposes some very important changes in the taxes, procedures, compliances, penal provisions, Appeal rules, pre deposit issues etc etc. Some major Changes are also proposed in Place of Provision of Services Rules.

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