Procedure & Documents Required for Service Tax Registration

Procedure & Documents Required for Service Tax Registration Posted: 06 Sep 2012 08:12 PM PDT The assessee shall make an application in form ST 1 to the Superintendent of Central Excise in duplicate. Such application can be filed online www.aces.gov.in. For this the following procedure shall be adhered to : [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Automatic Excel Utility with individual Salary sheet + form 16 + 12BA for A.Y. 2013-14 Posted: 06 Sep 2012 07:34 PM PDT This utility can be used for Government and Non Government Employees. Utility Automatically Prepares for 16, Form 12BA, Calculates TDS deductible, HRA Exemption , Deduction Under Chapter VIA etc.Utility is for Assessment year 2013-14 or Financial Year 2012-13 and can be used for upto 50 Employees. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] VAT (What) is the confusion all about on sale of flats – Part 2 Posted: 06 Sep 2012 07:18 PM PDT It need not be said that taxation of works contract has always been a vexatious issue. As if controversy pertaining to Works contract wasn't enough, the government in a clever move to bolster revenue, brought within its purview transactions relating to sale of under-construction properties w.e.f.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] CBDT asks to rectify incorrect demand uploaded on CPC within 30 days Posted: 06 Sep 2012 07:02 PM PDT The issue of demand management continues to remain an area of grave concern. It has been found that in most of the cases demand uploaded is incorrect and incomplete. Such demands have been uploaded by AOs without due diligence and verification. Adjustment of such demands against refunds is leading... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Service Tax not to be included in Turnover U/s. 44BB for calculation of deemed Profit Posted: 06 Sep 2012 06:18 PM PDT As regards reimbursement of amount in respect of service tax, as pointed out by the ld. AR, the ITAT Delhi Bench in their decision in Technip Offshore Contracting BV(supra) concluded that service tax collected by the assessee being directly in connection with services or facilities or supply... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] No TDs deduction U/s 194H on Foreign Commission to Non-Resident Posted: 06 Sep 2012 06:10 PM PDT No TDS was required to be made because payment of commission are made to non-resident overseas agent. As such no income is arising to the non-resident agent in India. So, no TDS is deductible u/s 194H of the Act, which is applicable for resident Indians only, even the provisions of section 195 is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Liability of Service Receiver & Provider under Reverse Charge Mechanism Posted: 06 Sep 2012 07:12 AM PDT Please find below chart depicting the liability of Service Receiver & Service Provider under Reverse Charge Mechanism in very precise and simplified manner. It shall be very handy in day to day working of professionals under industry. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Procedure & Documents for VAT / CST / PT Registration in Maharashtra Posted: 06 Sep 2012 07:09 AM PDT Certified true copy of the Memorandum and Articles of Association of the company.( in case of a company only) ( also the Certifcate of the Registration is required. In case of a PUBLIC Company- CERTIFICATE OF COMMENCEMENT is required) [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Retrospective Amendment to section 80HHC Ultra Vires Posted: 05 Sep 2012 10:30 PM PDT On consideration of the entire materials on record, we, therefore, find substance in the contention of the learned counsel for the petitioners that the impugned amendment is violative for its retrospective operation in order to overcome the decision of the Tribunal, and at the same time, for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Multilateral Convention in Tax Matter & Assessment of Black Money Parked Abroad Posted: 05 Sep 2012 08:50 PM PDT In order to find out the quantum of black money parked by Indians in the country and abroad and to recommend ways to deal with the problem of black money Government had entrusted this work to three institutions in March, 2011. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] IT Platform to Integrate Central and State Indirect Taxes Regime Posted: 05 Sep 2012 08:49 PM PDT The Government has approved a proposal to set up an IT platform to integrate Central and State indirect tax regime in the context of implementation of Goods and Services Tax (GST) in the context of implementation requires a strong IT Infrastructure and Service backbone to enable capture, processing... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Violation of Accounting Principles by 316 companies & 73 audit firms Posted: 05 Sep 2012 08:46 PM PDT The Government is aware that violation of accounting principles and financial irregularities are being carried out by various companies and their audit firms. During the last three years, 316 companies and 73 audit firms were found guilty of violation of accounting principles and other financial... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Rate of exchange of conversion of each of foreign currency WEF 07th September, 2012 Posted: 05 Sep 2012 08:37 PM PDT Notification No. 80/2012 - Customs (N.T.) Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Verification mechanism & monitoring of export obligation under duty exemption/ reward Schemes- reg Posted: 05 Sep 2012 08:20 PM PDT Circular No. 25 /2012-Cus oard has decided to prescribe that when address verifications or Installation Certificate verifications are requested by the Customs authorities in respect of EPCG authorizations, the Central Excise authorities should include, in their verification, a check of the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Change & enhancement under Punjab Value Added Tax Act, 2005 & Punjab Tax on Luxuries Act, 2009 wef 05.09.2012 Posted: 05 Sep 2012 12:22 PM PDT Government need funds for various purposes like maintenance of law and order, health services, education etc. and for this obtains funds from various sources and out of which VAT is major source. Taxes are conventionally of two types Direct taxes and Indirect taxes. 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