This provision is very against the common man.The provision is , once you cross the limit of Rs 10,00,000 even in subsequent years your income is lower than the prescribed limit ,even then you have to pay service tax??? What is the provisions against article 14 of constitution of India?
No body cares?
Modi Government taking care of people??!!
Modi Government taking care of people??!!
Great,
Shah D J
On Thursday, 28 May 2015 2:45 AM, "Rakesh Khandelwal r_khandelwal@msn.com [ICAI_CIRC_MEERUT_CA]" <ICAI_CIRC_MEERUT_CA@yahoogroups.com> wrote:
Dear Amreshji,Thanks for sharing the important changes in Service Tax.With due regard to you, here I would like to bring to your kind notice that in a recent published article dated 27.05.2015 of Taxguru, as appeared in this our prestigious site, they have mentioned the effective rate of Service Tax as 4.2% in case of GTA Transport whereas as per your message it is 4.09%. May I request to please look into and inform the correct position.With Kind Regards,CA Rakesh Khandelwal
From: ICAI_CIRC_MEERUT_CA@yahoogroups.com
To: ICAI_CIRC_MEERUT_CA@yahoogroups.com
Date: Thu, 28 May 2015 03:18:01 +0000
Subject: {Amresh's CA's} Significant changes in Service Tax from 1st April/1st June 2015.
Significant changes in Service Tax from 1st April/1st June 2015. CA AMRESH VASHISHT ,MEERUT1) Government definition shall not include any entity, whether created by a statute or otherwise, the accounts of which are not required to be kept in accordance with article 150 of the Constitution. Scope yet to be notified.2) Definition of 'service' i.e. Section 65B(44):Addition of Chit fund lottery3) Clarification on classification of input services used for providing output services:4) Definition of 'consideration' has been amended to include reimbursement of expenses in value of taxable service.5) Rate of service tax u/s 66B from 12.36% to 14%; (Notification No. 14/2015-ST dated 19th May, 2015) EC SHEC are removed. 'Swachh Bharat Cess' to be notified.6) Exemption for exhibition of cinematographic film, circus, dance, or theatrical performance; recognized sporting event (Admission up to Rs 500); award function, concert, pageant, musical performance.7)Service Tax on Liquor Job Work;8) GTA services for transportation of exports consignments to port / airport / Land Customs Station are exempt(Notification No.4/2015 w.e.f. 01.04.2015)9) Health Care services /Ambulance services Notf No.6/2015 dt. 01.03.201510) REVERSE CHARGE for: Manpower Supply -100% of ST liability is on service receiver company.11) Effective service tax rates for various services.wef 1.06.2015GTA Transport 4.09 %Builder Residential 3.5%Commercial builder 4.2%Civil Cont with material 5.6%Erection/elec with Material 5.6%Rep Maint of building goods 9.8%Lodging 8.4%Restaurant 5.6%Catering 8.4%Hall with Catering 9.8%Vehicle Rent 5.6%12 ) Recovery and Penalty provisions revised:
- A. Section 73 (1B) has been inserted to apply in cases where Service tax has been declared in Service tax returns but has not been paid. In such cases, recovery can be made under Section 87 of the Act without issuance of any show cause notice.
- B. Section 73 (4A) which provided for reduced penalty to the extent of twenty five per cent in cases of fraud etc. before issuance of show cause notice has been omitted.
- C. Revision of rates of penalty under Section 76 and Section 78.
- D. Section 80 relating to exemption from levy of penalty in certain cases has been omitted. Accordingly, penalty provisions have been made mandatory.
- E. Transition provision has been inserted for penalty
13. ) Delegation of appellate powers: Entrusted to Central Government in terms of Section 35 EE.Pending appeal before Tribunal in rebate matters, filed between 28th May 2012 and date of assent of President on Finance Bill 2015 shall be transferred to Central Government for disposal.STORE 9837515432 in your mobile and send name city on whatsaapp for regular updates in your personal account.Thanks Regards,CA AMRESH VASHISHT, FCA, LLB, DISA (ICAI)Member,ICAI- Regional Research Committee 2013-14
Member,ICAI- Committee For DIRECT TAXES 2011-121 1 5, Chappel Street, Meerut Cantt, UP, INDIA.Phone: 0 1 2 1-2 6 6 1 9 4 6. Cell: 9 8 3 7 5 1 5 4 3 2.
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Posted by: Dipak Shah <djshah1944@yahoo.com>
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