Latest Tax News & Updates

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No Service Tax On training under Deen Dayal Upadhyaya Grameen Kaushalya Yojana

Service Tax - 03-Apr-2019

Central Government hereby directs that service tax  on the services provided by training providers (project implementation agencies) under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana(DDUGKY) under the Ministry of Rural Development by way of offering skill or vocational training courses certified by the National Council for Vocational Training, in the said period, but for the said practice, shall not be required to be paid for the period commencing from the 1st of July,2012 and...

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Service Tax Payable on Sale/Registration of Post/ Prepaid SIM

Service Tax - 03-Apr-2019

The present appeal arises out of confirmation of demand of Rs.4,88,898/- against the appellant on the value received by them on account of ‘sale of post paid SIM’, ‘registration of post paid SIM’, ‘access registration of pre-paid SIM’ and sale of Anant plan (Life time prepaid SIM)’, which has been held as includable in the taxable value for the purpose of levy of Service Tax by the lower adjudicating authority and same has been confirmed by the...

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CAG Report on Levy & Collection of Service Tax on Entertainment Sector

Service Tax - 03-Apr-2019

Levy and collection of Service Tax on Entertainment Sector Union Government Department of Revenue Indirect Taxes- Service Tax Report No. 31 of 2017 Laid on the table of Lok Sabha/Rajya Sabha____________ Preface This Report has been prepared for submission to the President of India under Article 151 of the Constitution of India. The Report contains significant results of the performance audit on Levy and collection of Service Tax on Entertainment Sector and covers the...

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Director of a company arrested for evasion of Service Tax

Service Tax - 03-Apr-2019

Officers of CGST Delhi North Commissionerate have arrested one Director of a Company for evasion of Service Tax. The Company had collected more than Rs. 3 Crores as Service Tax from its clients but had not deposited the same with the Government Exchequer. The power to arrest is provided under Section 91 of the Finance Act 1994 for violating the provisions of Section 89 of the Finance Act 1994 read with Section 174 of CGST Act, 2017. He was produced in the Court of Hon’ble...

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Service Tax Audit

Service Tax - 29-Mar-2019

Service Tax is dead but still the undying ghost of Service Tax Audit approaching the pillars and posts of the assessee, department and the professionals. The department is trying its best to salvage their ground and right of an audit till June 2017 setting aside the numerous judgements against their moves. The department still making bombardment of roving inquiries ignoring objections of the assessee over the frequency of audits and currency of their audit powers. The CGST officials have...

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