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Service tax is levied by govt on the certain services. Here we provide all about this tax as news, updates, guidelines etc.
Approximately 200 companies, including McDonald’s India, L’Oreal, Colgate Palmolive, Castrol, Saint-Gobain, Whirlpool, Mastek, and Domino’s Pizza, have obtained notifications from state authorities requesting taxes for the period before the Goods and Services Tax (GST) was implemented. These companies are contesting the taxation of the same item as both “goods” and “services” and have taken their […]
The Madras High Court ruled that the Service tax relevant to ‘Anti-Virus Software’ as it comes under the information technology software. The applicant is the owner of K7 Computing Private Limited develops Anti-Virus Software in the designation of ‘K7 Total Security’ and ‘K7 Anti-Virus’, which is antivirus software. Under Section 73(1) of the Finance Act, […]
The CESTAT stands for Customs, Excises, and Service Taxes Appellate Tribunal, and in a matter, it ruled recently that bariatric surgery will not attract service tax as it is a life-saving procedure and not a cosmetic procedure. In this matter, Dr. Mohit Bhandari is the appellant, he is a part of Bhandari Hospital and Research […]
Under Section 174(2)(e) of the CGST Act, 2017 Delhi high court ruled to overpower the authorities to institute any investigation verification, assessment proceedings, adjudication, inquiry, etc. beneath Rule 5A of the Service Tax Rules. The applicant is the owner of Vianaar Homes Pvt. Ltd. is a company involved in the construction of residential complexes so […]
The government is in deep confusion ahead of goods and service tax as for fitting various services across the nation into a fruitful tax slab along with the categories including logistics and transportation which are expecting a lower application of taxes while compared to the current 18 percent spread across on several another kind of services.
The apex body along with the responsible team of ministers and tax officials will be organizing a meeting to discuss and finalize the service tax under the GST.
The offer stands as 25% discount at the time of buying the Gen Service Tax software and the purchasing party will be entitled to get the upcoming Gen GST Software absolutely free.
GST council nowadays is thinking very deep about various possible points to carry out the compensation which has to be paid to the states while the extra cess would definitely help a little but in the middle of this suggestion, the council is stuck to the point of ranking the service tax into various levels, for extracting different revenue from different types of service offered.
A rating agency ICRA has come out with an unexpected positive sign for the states, mainly Maharashtra, Tamil Nadu, Karnataka, West Bengal and Gujarat for their increased profits in the generation in service tax after the implementation of goods and service tax which is now scheduled to be applied from July 1. The assumptions are taken aback that the […]