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Limit for e payment reduced to 1 lakh

Ministry of Finance (department of revenue),has reduced the threshold limit for payment of service tax to 1 lakh rupees. Previously it was Rs 10 lakh for e-payment. It shall come into force from 1st January 2014. It is observed that the move is towards encouraging tax compliances through online mode and thus to make formalities simple…

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All services relating to education are exempt from service tax

Directorate of Service Tax, by a circular (No.172/7/2013) clarified that all services relating to education are exempt from service tax. Such services include providing hostels, transportation, housekeeping, security services, canteen, etc to educational institutions. For example, if a school hires a bus from a transport operator in order to ferry students to and from school, the transport services provided by the transport operator to the school are exempt.

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Due date for filing ST-3 extented to 10th September

 ST-3(Return under section 70 of the Finance Act, 1994) By an order (Order No: 04/2013) Central Board of Excise & Customs(CBEC) has extended due date for submission of ST-3 to 10th September, 2013 (which was 31st August, 2013) for the period from 1st October, 2012 to 31st March, 2013. The circumstances which gives rise to […]

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Find out service which attracts service tax liability

The following nine activities have been specified as declared service (which attracts service tax liability) (section 66E): renting of immovable property construction of a complex. temporary transfer or permitting the use or enjoyment of any intellectual property right development, design, programming, customization, adaptation, up gradation, enhancement, implementation of information technology software agreeing to the obligation […]

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Due date for payment of service tax

Individuals/partnership firms Due date- 5th of the month immediately following the respective quarter in which service is provided. If payment is made through internet banking, due date– 6th of the month immediately following the respective quarter in which service is provided. However, for the quarter ending 31st March, the due date of payment of service […]

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