F.No.96/90/2015-CX.1 Government of India Ministry of Finance, Dept. of Revenue Central Board of Excise and Customs New Delhi ********* dated the 21.09.2015 To Principal Chief Commissioner / Chief Commissioner of Central Excise, Service Tax and Customs (All), Principal Commissioner of Central Excise, Service Tax and Customs (holding charge of Chief Commissioner) (All), Web-master, CBEC Madam/sir,…
The Central Board of Excise and Customs had issued detailed guidelines in 2009 to its field formations on conducting detailed manual scrutiny of service tax returns. In view of the legal changes brought about by the Negative List based taxation of services and administrative changes like creation of separate Commissionrates for Audit etc, these guidelines…
CBEC has specified the following conditions, safeguards and procedures for issue of invoices, preserving records in electronic form and authentication of records and invoices by digital signatures: 1. Every assessee proposing to use digital signature shall use Class 2 or Class 3 Digital Signature Certificate duly issued by the Certifying Authority in India. 2. (i)…
Finance Minister has approved the formation of 2 Committees for facilitating implementation of Goods and Services Tax from 1.4.2016. A Steering Committee been formed under the Co-Chairmanship of Additional Secretary, Department of Revenue and Member Secretary, Empowered Committee of State Finance Ministers. This Committee has Members from Department of Revenue, Central Board of Excise & Customs,…
An Increase of 37.3 % Registered During the Month of May 2015 over the Corresponding Period in the Previous Year; Central Excise Collections Registered an Increase of 84.2%; Customs Collections Registered an Increase of 16% While Service Tax Collections Registered an Increase of 13.2% During the Same Period; FM: The Underlying Momentum in the Economy is Improving…
Only Air-Conditioned or Air-Heated Restaurants to Pay Service Tax; Restaurants, Eating-Joints or Messes Which Do Not Have the Facility of Air-Conditioning Or Central Air-Heating in Any Part of the Establishment are Exempt from Service Tax At present, Service Tax is chargeable on services provided by restaurants, eating-joints or messes which have the facility of air-conditioning…
Government of India Ministry of Finance Department of Revenue Tax Research Unit D.O.F.No.334/5/2015-TRU New Delhi, May 19, 2015 Dear Principal Chief Commissioner / Chief Commissioner / Director General, The Finance Bill, 2015, has received the assent of the Honorable President and has been notified. In the Budget, 2015, certain amendments in the Finance Act, 1994…
In the Union Budget, 2015, an increase in the rate of Service Tax from 12.36% to 14% had been proposed from a date to be notified. The Finance Bill, 2015 has since been enacted and the Central Government has notified 1st June, 2015 as the date from which the rate of 14% would become applicable.…
Sometimes, one needs to verify the service tax registration code of any person, firm or company. Reason for verification may be following: To check whether that person is actually registered with Service Tax Dept. or not. Sometime it happens that companies charge service tax without being registered. To ensure that you get the CENVAT credit…