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)

 

Aug 012013
 

The Service tax Department has released the offline excel utility for filing half-yearly Service Tax Return (ST-3) for the period 1st October 2012 to 31st March 2013.  The following are the new features of the Oct-Mar 2013 Return  :-

A.   Previously, the assessees were able to view the filed returns using the option, ‘View Original ST3’. This facility has been enhanced with a new feature by displaying in the return, the list of error codes (with corresponding error messages). This will help the assessees to know about the errors so that they can exercise the option of filing Revised return by rectifying the errors. This facility will be made available shortly and the exact date will be intimated on ACES website.
B.   As soon as the return uploaded by the assessee is accepted or rejected by the system, a system-generated message will be e-mailed to the assessee. The assessee can rectify the errors and file the corrected return.

 

The Last date for filing ST-3 return in respect of the period from Oct-Mar 2013 is 31st August 2013.

Click the link below to download the Service Tax ST-3 Excel utility for Oct-Mar 2013.

May 242013
 

The Central Board of Excise and Customs has issued a new circular No 169/4/2013 dtd 13/05/2013 providing few clarifications with regard to the Service Tax Voluntary Compliance Encouragement Scheme , 2013.

The following are the clarifications issued :-

1) A person who has not already registered with the Service Tax Department , he can first register himself as an assessee and after the same , he can make a declaration under this scheme.

2) The person doing as above will also be provided immunity under the VCES.

3) As assessee to whom show-cause notice or order of determination u/s. 72,73 or 73A has been issued cannot make use of this scheme.

4) A mere communication from the Department for filing of returns (or) seeking information from the assessee would not lead to rejection of declaration under this scheme.

The relevant circular is reproduced below :-

Service Tax VCES Circular

Download (PDF, Unknown)

May 152013
 

The Central Government has issued a Notification No 10/2013 – Service Tax dtd 13 th May 2013 prescribing the rules for the Service Tax Voluntary Compliance Encouragement Scheme 2013.

The Salient features of these forms are :-

1) It shall come into force on the date of its publication in the Gazette of India.

2) Any person who wishes to make use of the scheme should, if not already registered, shall first register as an Service Tax Assessee and only after the registration is done, the declaration under this scheme shall be made.

3) The Declaration under this scheme shall be made in Form VCES – 1

4) Acknowledgement of declaration shall be issued in Form VCES-2, within a period of 7 working days from the date of declaration.

5) The Cenvat Credit shall not be utilised for payment of tax dues under the scheme.

6) The Service Tax authority shall issue an acknowledgement of discharge in Form VCES-3. This acknowledgement shall be issued within 7 working days from the date of furnishing the details of payment of tax dues in full along with interest, if any , by the declarant.

The relevant Notification is reproduced below :-

Download (PDF, Unknown)

Mar 072013
 

The Central Board of Excise & Customs vide its order No :- 1/2013-Service Tax dtd 06th March 2013 has extended the due date for filing the Service Tax returns for the period from July 2012 – Sep 2012.

As per the earlier order, the due date was 25th March 2013. Now , this time limit has been extended upto 15th April 2013.

This is in view of the fact that the Department is yet to Notify the E form ST 3 Utility.

The relevant Circular is reproduced below :-

Download (PDF, Unknown)

Jul 072012
 

The Central Board of Excise and Customs has released a handbook on “Taxation of Services” under the new Service Tax regime. This hand book covers the entire provisions and important notifications with regard to new Service tax provisions under “Negative List” approach of taxation of services.

For the benefit of our readers, we provide below the link for the download of the ebook.

Link 1

 

Source :- www.cbec.gov.in

Jun 082012
 

The value for the purpose of arriving at the Service portion in the amount charged at the restaurants (or) by outdoor caterers in their service provided will be determined as under :-

Sl.

No.

Description

Percentage of  the total amount

(1)

(2)

(3)

1.

Service portion in an activity wherein goods, being food or any other article of human consumption or any drink(whether or not intoxicating) is supplied in any manner as a part of the activity,  at a restaurant

40

2.

Service portion in outdoor catering wherein goods, being food or any other article of human consumption or any drink(whether or not intoxicating) is supplied in any manner as a part of such outdoor catering

60


 

For the purposes of this rule, “total amount” means the sum total of the gross amount charged and the fair market value of all goods and services supplied in or in relation to the supply of  food or any other article of human consumption or any drink(whether or not intoxicating), whether  or not  supplied under the same contract or any other contract, after deducting-

(i) the amount charged for such goods or services,  if any; and

(ii)  the value added tax or sales tax, if any, levied thereon:

Provided that the fair market value of goods and services so supplied may be determined in accordance with the generally accepted accounting principles.

The provider of taxable service shall not take CENVAT credit of duties or cess paid on any goods classifiable under Chapters 1 to 22 of the Central Excise Tariff Act, 1985 (5 of 1986).”.

Click the link here to download the relevant Notification 

Jun 072012
 

The Finance Act 2012 had proposed major changes in the Service Tax (including the negative list approach) provisions. As the Finance Act has received the assent of the President of India, the new provisions have come into effect. Accordingly, the Government of India has notified the dates from which these new provisions will be made applicable. As per this notification, the new service tax provisions will be applicable w.e.f 1st July 2012.

The relevant notification is reproduced below :-

Download (PDF, Unknown)

 

May 312012
 

The Government of India vide its notification No 16/2012 dtd 29th May 2012 has notified the new Service Tax (Settlement of Cases) Rules, 2012.

The extract of the Notification and the relevant rules are reproduced below :-

Download (PDF, Unknown)

May 312012
 

The Government of India has vide its Notification No 17/2012 notified the Service Tax (Compounding of Offences) Rules, 2012.

The relevant notification is reproduced below :-

Download (PDF, Unknown)

Contact us @ 91-44-45540180 / 91-91505 75680. 

For Quick Response email :- sridharca@gmail.com

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