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Service Tax Registration Simplified by Budget 2015

Now Service Tax Registration with service tax department got easier and simpler with new procedure for registration. New procedure provide for online application for registration from www.aces.gov.in in from ST- 1, After online application registration is granted in from ST-2 ,within 2days of application, ST- 2 issued online will not Read more…

By GST Expert, 4 years ago April 7, 2015
Taxation

Changes in Reverse Charge Mechanism by- Budget 2015

following changes has been made to reverse charge mechanism by budget 2015 1. Manpower supply and security services in full reverse charge (W.E.F. 1ST April 2015) Presently Partial Reverse Charge is applicable in case of Manpower Supply and Security Service i.e. 50% payable by Service provider and balance 50% by Read more…

By GST Expert, 4 years ago April 6, 2015
Taxation

Changes in negative list of Service tax by Budget – 2015

Negative List is compressed and consequent following service which were not taxable earlier will be now chargeable to service tax. 1. Admission to Entertainment events etc. in service tax net. 2. Manufacture of alcoholic liquor for human consumption under service tax. 3. Not only Support Services, but all services by Read more…

By GST Expert, 4 years ago April 6, 2015
Taxation

service tax changes effective from 01.04.2015 (1st April 2015)

following changes in service tax will be effective from 01.04.2015 -Abatement rate in case of Goods transport service has been reduced from 75% to 70%.Hence effective rate of service tax will be 3.708% (earlier it was 3.09%) -In case of manpower supply service,the service receiver should pay 100% of service Read more…

By GST Expert, 4 years ago April 6, 2015

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