Service Tax Update-Definition of Aggregator Notified Under Service Tax
- April 12, 2017
- Posted by: SosAdmin)
- Category: Service Tax
No CommentsThere was lot of confusion surrounding the topic of aggregator in Service Tax. Therefore aggregator definition has been notified Aggregator means a person, who owns and manages a web based software application, and by means of the application and a communication device, enables a potential customer to connect with persons providing service of a particular
Service Tax in a Works Contract
- April 11, 2017
- Posted by: SosAdmin)
- Category: Service Tax
If you are in business where you provide turnkey key solution from design stage to building a house or complex or do some part of the process. Then you might have to pay service tax as this comes under the purview of works contract in service tax regime Examples are: Painting Contractor, Interior Designing and
Declared Service Under Service Tax Act
- March 29, 2017
- Posted by: SosAdmin)
- Category: Service Tax
Service tax act 1994 lays down taxability of services under various categories. However there are services which have been declared as services. Below is the extract of Section 66E renting of immovable property construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer,
Whether it is compulsory to charge service tax once service tax registration is taken
- March 15, 2017
- Posted by: SosAdmin)
- Category: Service Tax
In service tax, there is exemption for small service providers, where one need not pay service tax if the aggregate turnover of taxable services does not cross INR l0 Lakhs. But there are situations where businesses voluntarily take service tax registration for various purposes. Therefore question arises whether service tax has to be charged by
Whether Service Tax is Payable on AdSense Income?
- March 13, 2017
- Posted by: SosAdmin)
- Category: Service Tax
With digitisation, it has become quite common to earn income from websites. One of the popular ways to earn money from website is google AdSense. So now the common question which is asked Whether publisher has to pay service tax on AdSense income?. Let us look at some of the Frequently Asked Questions in this
Point of Taxation Rules Under Service Tax
- December 7, 2016
- Posted by: SosAdmin)
- Category: Service Tax
Point of Taxation was introduced in year 2011. Since then there have been numerous amendments. In this post we have tried to analyse the provisions of point of taxation rules with all the changes and amendment since 2011. Point of Taxation Rules is very important as they lay down clearly when the service tax has
Notification No. 48/2016-Service Tax-Online Shopping Set To Become Expensive
- November 11, 2016
- Posted by: SosAdmin)
- Category: Service Tax
If you have been using services such as: Renting or downloading of movies or music Buying eBooks Availing cloud based services Buying hosting and email services Online gaming From a company which is not based in India, then all these are going to become expensive as these companies have to pay service tax on it
How to Apply For Service Tax Refund-A Step By Step Process to Get Service Tax Refund
- November 1, 2016
- Posted by: SosAdmin)
- Category: Service Tax
Before you apply for service tax refund, you should know when you can apply for service tax refund a) When there is excess payment of service tax and which cannot be used for squaring off future service tax liability b) When there is accumulated cenvat credit used in providing output service which has been exported
Equalization Tax Aka Google Tax Could Burn A Hole in Your Pocket?
- October 19, 2016
- Posted by: SosAdmin)
- Category: Income Tax, Service Tax
With Finance Act 2016, advertising services and goods online will become expensive with introduction of Equalization Levy Tax. The reason for introduction of this levy as lot of multi-national companies engaged in business of media and advertising are earning profits without paying any income tax in India as well as it was increasingly become difficult