May 022016
 

The following are the Various Statutory Obligations for the month of May 2016.

Payment of Service Tax

The last date for Payment of Service tax pertaining to the month of April 2016 is 5th of May 2016. In case of e-payment, the due date is 6th of May 2016.

In case of payment by Challan GAR 7, click here to download the Challan

In case of e-payment of Service Tax, Click here to make the payment online.

Remittance of Tax Deduction at source

The due date for remitting Tax Deducted at Source (TDS) on Salary & Non-salary payments during the month of Apr 2016 is 7th of May 2016.

Click here to pay the TDS online.

 Monthly Return and Payment of Tax under TNVAT

The monthly returns filing and the payment of TNVAT has to be complied on or before 20th of May for the month of April 2016.

 Quarterly Return of TDS for the Quarter Ending March 2016

The Quarterly returns (Form 24Q/26Q/27EQ) pertaining to the quarter ended March 2016 (Jan-Mar 2016) has to be filed on or before 15th of May 2016.

Issue of TDS Certificates

TDS Certificates in Form 16A (Other than salaries) for the Quarter ended March 2016 shall be issued on or before 30th of May 2016

TDS Certificates in Form 16 (Salaries) for the financial year 2015-16 shall be issued on or before 31th of May 2016

Click here to send your enquiries/suggestions , if any.

Apr 272016
 

In view of the difficulties faced by the assessees in accessing the ACES website, the last date for submission of the Half yearly return for the period from Oct-2015 to Mar 2016 has been extended from 25th April 2016 to 29th April 2016. Now, assessees who have missed their deadline can make use of this opportunity and file the Service tax returns within the extended due date.

The relevant CBEC order is attached below :-

Download (PDF, Unknown)

Dec 092015
 

The Central Board of Excise and Customs vide its press release dtd 5th Dec 2015 has extended the due date for payment of Central Excise duty & Service tax for the month of Nov 2015, to 20th December 2015. This will be applicable in respect of Central Excise and Service Tax assessees in the State of Tamilnadu.

Apart from the above, the due date for filing the Central Excise return for the month of Nov 2015 has also been extended upto 31st December 2015.

The relevant press release of the CBEC is reproduced below:-

Download (PDF, Unknown)

 

Nov 062015
 

As per the Budget Proposals, Swacch Bharat Cess is leviable on Value of Services from the date of notification.

The Central Government vide its Notification No 22/2015 dtd 6th Nov 2015 has notified that Swacch Bharat cess will be leviable on taxable value of all services @ 0.5%.

This is w.e.f 15.11.2015.

It has to be noted that unlike the earlier cess (ie.,) Educational Cess & Secondary Higher Educational Cess , which were leviable on Service Tax, Swacch Bharat Cess is leviable on Value of Taxable Services.

Hence effectively, the Service Tax Payable on Services w.e.f. 15th Nov 2015 will be 14.5%

The relevant notification is reproduced below :-

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

New Delhi, the 6th November, 2015

 

Notification No. 22/2015-Service Tax

G.S.R. —(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) read with sub-section (5) of section 119 of the Finance Act, 2015 (20 of 2015), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all taxable services from payment of such amount of the Swachh Bharat Cess leviable under sub-section (2) of section 119 of the said Act, which is in excess of Swachh Bharat Cess calculated at the rate of 0.5 percent. of the value of taxable services:

Provided that Swachh Bharat Cess shall not be leviable on services which are exempt from service tax by a notification issued under sub-section (1) of section 93 of the Finance Act, 1994 or otherwise not leviable to service tax under section 66B of the Finance Act, 1994.

This notification shall come into force from the 15th day of November, 2015.

 [F.No. 354/129/2015 – TRU]

 

(K. Kalimuthu)
Under Secretary to the Government of India

 

 

Jul 012015
 

The following are the Various Statutory Obligations for the month of July 2015.

Payment of Service Tax

The last date for Payment of Service tax pertaining to the month of June  2015 (Corporate Assessees) , Apr-June 2015 (For other assessees) is 5th of July 2015. In case of e-payment, the due date is 6th of July 2015.

In case of payment by Challan GAR 7, click here to download the Challan

In case of e-payment of Service Tax, Click here to make the payment online.

Remittance of Tax Deduction at source

The due date for remitting Tax Deducted at Source (TDS) on Salary & Non-salary payments during the month of June 2015 is 7th of July 2015.

Click here to pay the TDS online.

Quarterly return in respect of Tax Deducted at Source for the Quarter 1 (2015-16)

The Quarterly Return in respect of Tax Deducted at Source in respect of Salaries / Non-Salary Payments has to be filed on or before 15th of July 2015.

Monthly Return and Payment of Tax under TNVAT

The monthly returns filing and the payment of TNVAT has to be complied on or before 20th of July for the month of June 2015.

Click here to send your enquiries/suggestions , if any.

May 202015
 

The following are few of the important changes will be applicable from 1st June 2015 in respect of Service Tax :-

1) Rate of Service tax has been changed from 12% to 14%

2) Education Cess & Secondary Education Cess removed

3) The definition of ‘chit’ has been omitted from the abatement notification 26/2012

4) Negative List – Process amounting to manufacture or production of goods excludes alcoholic liquor for human consumption withdrawn.

5) Admission to exhibition of cinematograpic film, circus, dance, theartical performance, including drama or ballet, recognised sporting event exempted.

6) Award function, concert, pagent, musical performance, sporting event other than recognised sporting event exempted provided consideration is not more than Rs. 500/-

 

 

Mar 012014
 

The following are the Various Statutory Obligations for the month of March 2014.

Payment of Advance Tax

The last date for Payment of Advance Tax (4th Instalment in case of Companies & 3rd  Instalment in case of Non Companies) for the A.Y.2014-15 is 15th March 2014.

Click here to make Advance Tax Payment online.

Click here to download Challan for Payment of Advance tax

Payment of Service Tax

The last date for Payment of Service tax pertaining to the month of February 2014 is 5th of March 2014. In case of e-payment, the due date is 6th of March 2014.

The last date for Payment of Service tax pertaining to the month of March 2014 (Quarter 4 for Non Corporate Assessees) is 31st of March 2014.

In case of payment by Challan GAR 7, click here to download the Challan

In case of e-payment of Service Tax, Click here to make the payment online.

Remittance of Tax Deduction at source

The due date for remitting Tax Deducted at Source (TDS) on Salary & Non-salary payments during the month of February 2014 is 7th of March 2014.

Click here to pay the TDS online.

Monthly Return and Payment of Tax under TNVAT

The monthly returns filing and the payment of TNVAT has to be complied on or before 20th of March for the month of February 2014.

Click here to send your enquiries/suggestions , if any.

Feb 102014
 

We would like to bring to the attention of the Service Tax assessees that vide Notification No 16/2013 dtd 22nd Nov 2013, the e payment of Service Taxes has been made mandatory in case of asseesees with Service Tax liability of more than Rs. 1 Lakh. Previously the limit was fixed at Rs. 10 Lakhs.  From 1st Day of January 2014, all service tax assessees in respect of whom the service tax liability during the year is more than Rs. 1 Lakh , shall make e-payment of taxes only.

The link for e-payment of service tax is provided below :-

Click here for e-payment of Service Tax.

the relevant notification is reproduced below :-

Download (PDF, Unknown)

 

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