Category Archives: Service Tax

Documents required for Registration of Service Tax

Posted on December 19, 2011 by Mukesh Goel

  F. No. 137/120/2011 – Service Tax Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) New Delhi dated the 13th December 2011 ORDER NO. 2 /2011 – Service Tax In exercise of the … Continue reading →

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Service Tax on Sale of SIM Cards

Posted on December 4, 2011 by Mukesh Goel

The disputes over the chargeability of Service Tax or Vat on the sale of SIM Cards have come to an end by virtue of the judgment by “Honorable Supreme court in case of Idea Mobile Communication Ltd. versus C.C.E & … Continue reading →

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DUE DATE OF FILING SERVICE TAX RETURN EXTENDED FROM 25-10-2011 TO 26-12-2011

Posted on October 21, 2011 by Mukesh Goel

F. No. 137/99/2011 – Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs *** New Delhi dated the 20th October 2011 ORDER NO. 1 /2011 – Service Tax In exercise of the … Continue reading →

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Service Tax on fees charged for issuance of Country of Origin Certificate

Posted on August 30, 2011 by Mukesh Goel

Government has authorized Chambers of Commerce, Export Promotion Councils (EPC), some Trade Associations to issue Country of Origin Certificate i.e. COOC. It is useful document in Import-Export Trade. This certificate indicates that the goods, which are being exported, are actually … Continue reading →

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Procedure of Filling Service Tax Return Electronically

Posted on August 29, 2011 by Mukesh Goel

W.e.f. 1.10.2011, all the assessees are mandatorily required to file their return electronically irrespective of amount of service tax they have paid during the previous F/Y, in terms of Notification No. 43/2011-ST dated 25.08.2011. For this, one has to follow … Continue reading →

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Point of Taxation in Service Tax

Posted on June 14, 2011 by Mukesh Goel

One major change made in service tax effective from 01-04-2011 is the introduction of Point of Taxation Rules, 2011 to (a) introduce the provisions relating to payment of service tax on accrual basis instead of receipt basis and (b) to … Continue reading →

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HIGHLIGHTS OF UNION BUDGET – 2011-12

Posted on March 1, 2011 by Mukesh Goel

The basic exemption limit in the case of individuals increased from Rs.1.60 lacs to Rs.1.80 lacs. However, there is no increase in basic exemption limit in the case of Resident Women who is below 60 years at any time during … Continue reading →

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Announcement of New USA Branch of MRC

Posted on December 13, 2010 by Mukesh Goel

We are delighted to inform you that Mukesh Raj & Co. (MRC) has inagurated its first foreign branch office at New Jersey, United States Of America. The new foreign office address is: MRC (Chartered Accountants) 85, Forest Drive, Apartment C … Continue reading →

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Service tax on on-going works contracts entered into prior to 01.06.2007

Posted on August 25, 2010 by Mukesh Goel

Circular No. 128/10/2010-ST, dated 24-8-2010 It has been brought to the notice of the Board that the following confusions/disputes prevail with respect to long term works contracts which were entered into prior to 01.06.2007 (when the taxable service, namely, Works … Continue reading →

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Delhi High Court grant the stay on service tax on renting of immovable property

Posted on May 23, 2010 by Mukesh Goel

The Hon’ble Delhi High Court in the aforesaid Writ Petition filed by Home Solutions Retail Ltd. has granted a stay from recovery of Service tax under the newly amended taxing entry of “Renting of Immovable Property service”, which amendment was … Continue reading →

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