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Service Tax related News, Articles and Information

Tax Changes wef 1st June 2016

Changes in Indirect and direct Tax wef 1-6-2016

Amendments in tax laws from 01-June-2016 [Changes proposed by Finance Act 2016] The Finance Act 2016 has proposed certain changes that come into effect from 01-June-2016. The changes are important as they may impact the way in which you transact with your customers / vendors & may require a modification to your billing ...

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C&AG Audit finding on Scrutiny of Service Tax Returns

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Introduction CBEC introduced self-assessment in respect of Service Tax in 2001. With the introduction of self-assessment, the department also provided for a strong compliance verification mechanism with Scrutiny of Returns. As assessment is now the responsibility of the assessee, the main function of the department is to scrutinize the tax ...

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Service tax levy on services provided by a Goods Transport Agency – Clarification by the department vide circular no. 186 dated 5th Oct 2015.

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The All India Transport Welfare Association (AITWA) has represented regarding the difficulties being faced by the Goods Transport Agencies (GTAs) in respect of service tax levy on the services of goods transport. Doubts has been raised by the All India Motor Transport Congress (AIMTC) regarding treatment given to various services provided by GTAs ...

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