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CA Amol Fegde, Author at All About Finance https://taxclick.org/author/amol/ Thu, 01 Sep 2016 21:45:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://taxclick.org/wp-content/uploads/2021/11/favicon.png CA Amol Fegde, Author at All About Finance https://taxclick.org/author/amol/ 32 32 Tax Calendar for September 2016 https://taxclick.org/type/miscellaneous/tax-calendar-september-2016/?utm_source=rss&utm_medium=rss&utm_campaign=tax-calendar-september-2016 https://taxclick.org/type/miscellaneous/tax-calendar-september-2016/#respond Thu, 01 Sep 2016 21:43:34 +0000 https://taxclick.org/?p=3513 Date Act/Law Compliance 6th September Central Excise E-Payment of Central Excise for all assessees other than SSI Units for August 2016 6th September Central Excise E-Payment of Central Excise for assessees availing or eligible to avail exemption based on value of clearances (SSI Units) for August 2016 7th September Income Tax Due date for deposit ... Read more

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]]> https://taxclick.org/type/miscellaneous/tax-calendar-september-2016/feed/ 0 Tax Calendar-August 2016 https://taxclick.org/type/miscellaneous/tax-calendar-august-2016/?utm_source=rss&utm_medium=rss&utm_campaign=tax-calendar-august-2016 https://taxclick.org/type/miscellaneous/tax-calendar-august-2016/#respond Thu, 04 Aug 2016 08:34:29 +0000 https://taxclick.org/?p=3498 Date Act/Law Compliance 6th August Service Tax Monthly payment of Service Tax for assessees other than Individual, Proprietory Firm and Partnership Firm 6th August Central Excise Monthly payment of Central Excise other than SSI Unites for July 2016 7th August Income Tax Due date for deposit of Tax deducted/collected for the month of July, 2016. ... Read more

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]]> https://taxclick.org/type/miscellaneous/tax-calendar-august-2016/feed/ 0 Tax Calendar for June 2016 https://taxclick.org/type/miscellaneous/tax-calendar-for-june-2016/?utm_source=rss&utm_medium=rss&utm_campaign=tax-calendar-for-june-2016 https://taxclick.org/type/miscellaneous/tax-calendar-for-june-2016/#respond Fri, 03 Jun 2016 05:29:14 +0000 https://taxclick.org/?p=3162 Date Act Compliance 06-06-2016 Service Tax E-Payment of Service Tax for May 2016 in case of Companies 07-06-2016 Income Tax Due date for deposit of Tax deducted/collected for the month of May, 2016. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the ... Read more

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]]> https://taxclick.org/type/miscellaneous/tax-calendar-for-june-2016/feed/ 0 Changes in Negative List of Service Tax as per Budget 2016 https://taxclick.org/type/services-tax/changes-in-negative-list-section-66d-of-finance-act-1994-as-per-budget-2016/?utm_source=rss&utm_medium=rss&utm_campaign=changes-in-negative-list-section-66d-of-finance-act-1994-as-per-budget-2016 https://taxclick.org/type/services-tax/changes-in-negative-list-section-66d-of-finance-act-1994-as-per-budget-2016/#comments Tue, 01 Mar 2016 13:02:32 +0000 https://taxclick.org/?p=2699 In Budget 2016, the Finance Minister proposed certain changes to the existing negative list i.e. a list of such services which are exempt from service tax. Let us look at these proposals in brief. As per Section 66D(l), services by way of : (i) pre-school education and education up to higher secondary school or equivalent; ... Read more

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]]> https://taxclick.org/type/services-tax/changes-in-negative-list-section-66d-of-finance-act-1994-as-per-budget-2016/feed/ 1 Cenvat Credit under Service Tax (Part 1) https://taxclick.org/type/services-tax/cenvat-credit-under-service-tax-part-1/?utm_source=rss&utm_medium=rss&utm_campaign=cenvat-credit-under-service-tax-part-1 https://taxclick.org/type/services-tax/cenvat-credit-under-service-tax-part-1/#respond Tue, 01 Mar 2016 12:55:34 +0000 https://taxclick.org/?p=2695 Input Tax Credit under Service Tax is allowed as per Cenvat Credit Rules, 2004 (CCR, 2004). Service tax credit rules have been drawn from CCR replacing the previous Cenvat Credit Rules, 2002 and Service Tax Credit Rules, 2002. This discussion deals with provisions applicable only to service provider. Some important definitions Capital goods As per ... Read more

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]]> https://taxclick.org/type/services-tax/cenvat-credit-under-service-tax-part-1/feed/ 0 Amendments in service tax in Union Budget 2015 https://taxclick.org/type/services-tax/amendments-in-service-tax-in-union-budget-2015/?utm_source=rss&utm_medium=rss&utm_campaign=amendments-in-service-tax-in-union-budget-2015 https://taxclick.org/type/services-tax/amendments-in-service-tax-in-union-budget-2015/#respond Sun, 15 Mar 2015 18:30:00 +0000 1.      Service tax rates: The service tax rate being increased from 12.36 percent (including education cess @ 3 percent) to 14 percent. The ‘Education Cess’ and ‘Secondary and Higher Secondary Education Cess’ shall be included in the revised service tax rate. Thus, the effective rate of service tax is 14 % including cesses. This new ... Read more

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]]> https://taxclick.org/type/services-tax/amendments-in-service-tax-in-union-budget-2015/feed/ 0 Amendments in Negative List in Union Budget 2015-16 https://taxclick.org/type/services-tax/amendments-in-negative-list-in-union-budget-2015-16/?utm_source=rss&utm_medium=rss&utm_campaign=amendments-in-negative-list-in-union-budget-2015-16 https://taxclick.org/type/services-tax/amendments-in-negative-list-in-union-budget-2015-16/#respond Sun, 01 Mar 2015 18:30:00 +0000 Section 66D of Finance Act, 1994 provides the Negative list of services. Certain amendments have been made in negative list of services in Union Budget 2015-16. These amendments will be effective from date of notification in the Official Gazette. Let us go through these amendments in brief. 1. Section 66D(a) provides for services provided by ... Read more

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]]> https://taxclick.org/type/services-tax/amendments-in-negative-list-in-union-budget-2015-16/feed/ 0 Amendments in negative list & service tax rules in union budget 2014-15 https://taxclick.org/type/services-tax/amendments-in-negative-list-service-tax-rules-in-union-budget-2014-15/?utm_source=rss&utm_medium=rss&utm_campaign=amendments-in-negative-list-service-tax-rules-in-union-budget-2014-15 https://taxclick.org/type/services-tax/amendments-in-negative-list-service-tax-rules-in-union-budget-2014-15/#respond Tue, 23 Dec 2014 18:30:00 +0000 In Union Budget 2014-15, certain amendments were proposed in the negative list and Service Tax Rules. These amendments were to come into force on when the Finance Act was enacted. Let us look at these amendments. 1. Services provided by radio taxis : As per Section 66D(o)(vi) of Finance Act, 1994, “metered cabs, radio taxis ... Read more

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]]> https://taxclick.org/type/services-tax/amendments-in-negative-list-service-tax-rules-in-union-budget-2014-15/feed/ 0 Service Tax on works contract https://taxclick.org/type/services-tax/service-tax-on-works-contract/?utm_source=rss&utm_medium=rss&utm_campaign=service-tax-on-works-contract https://taxclick.org/type/services-tax/service-tax-on-works-contract/#comments Sun, 23 Nov 2014 18:30:00 +0000 As per section 65B(54) of the Finance Act, 2012, “works contract” means a contract wherein transfer of property in goods involved in the execution of such contract is leviable to tax as sale of goods and such contract is for the purpose of carrying out construction, erection, commissioning, installation, completion, fitting out, improvement, repair, renovation, ... Read more

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]]> https://taxclick.org/type/services-tax/service-tax-on-works-contract/feed/ 1 Interest rate for delayed payment of service tax depends upon the period of delay – applicable from 1st October 2014 https://taxclick.org/type/services-tax/interest-rate-for-delayed-payment-of-service-tax-depends-upon-the-period-of-delay-applicable-from-1st-october-2014/?utm_source=rss&utm_medium=rss&utm_campaign=interest-rate-for-delayed-payment-of-service-tax-depends-upon-the-period-of-delay-applicable-from-1st-october-2014 https://taxclick.org/type/services-tax/interest-rate-for-delayed-payment-of-service-tax-depends-upon-the-period-of-delay-applicable-from-1st-october-2014/#respond Thu, 20 Nov 2014 18:30:00 +0000 Now its costlier affair if you pay the service tax delayed because more you make the delay higher the interest you need to pay. Now you need to pay interest up to 30% if your delay for service tax payment is more than one year. The details of interest rate are shown in the table ... Read more

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