This E book on changes in services tax amendments applicable from 01.07.2012 is aimed at educating the tax payers and the tax administrators on various aspects of the new concept in order to assist them in gaining better understanding about the new system of taxation. It is clarified at the outset that this guide is merely an educational aid based on a broad understanding of a team of officers of the issues. It is neither a "Departmental Circular" nor a manual of instructions issued by the Central Board of Excise and Customs. To that extent it does not command the required legal backing to be binding on either side in any manner. The guide is being released purely as a measure of facilitation so that all stakeholders obtain some preliminary understanding of the new issues for smooth transition to the new regime.
What is the key to using this Guide?
The guide consists of a number of Guidance Notes. Each of the notes deals with a specific topic relating to the negative list. The list of these educational notes is as follows-
- Guidance Note 1 Introduction
- Guidance Note 2 What is 'service'?
- Guidance Note 3 Taxability of a 'service'
- Guidance Note 4 Negative List
- Guidance Note 5 Place of Provision of Service
- Guidance Note 6 Declared Services
- Guidance Note 7 Exemptions
- Guidance Note 8 Valuation
- Guidance Note 9 Rules of Interpretation
- Guidance Note 10 Miscellaneous
In addition, the Guide has the following three Exhibits:
- Exhibit A1 - List of services specified in the negative list
- Exhibit A2 - Place of Provision of Service Rules, 2012.
- Exhibit A3- List of exemptions in mega notification
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ReplyDeleteon logo desingning charges how much tds will be deducted
ReplyDeleteIt is work and it should be covered under 194C rate is 1% if payment made to individual /huf and 2 % in other case
Deletewhether 75% abatement can be claimed by the receiver of service provided by A GTA as per Service Tax Notification No. 30/2012-Service Tax. As per the table, percentage of service tax payable by the receiver of service is 100
ReplyDeleteyes , 75 % abatement can be claimed.
DeleteFurther 100% against service recipient under reverse charge means that what ever be the service tax due , 100 % is payable by Service Recipient (specified category).
where as abatement is allowed to calculate how much is tax due.
in brief
abatement is to be allowed to calculate "how much" tax is due
Reverse charge is to ascertain "by whom" tax due is payable.
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Please give your view on applicability of service tax on tailoring charges:
ReplyDeletewhether service tax is applicable on the stitching charges collected by the tailor under new service tax regime.
Provided
1. material is provided by the customer and soy, dora, button etc. are of tailor. or
2. material and all the necessary items are of tailor.
Please note that the tailor stitches the clothes as per the requirement of the customer and is not providing any designing services
Please give your view on applicability of service tax on tailoring charges:
ReplyDeletewhether service tax is applicable on the stitching charges collected by the tailor under new service tax regime.
Provided
1. material is provided by the customer and soy, dora, button etc. are of tailor. or
2. material and all the necessary items are of tailor.
Please note that the tailor stitches the clothes as per the requirement of the customer and is not providing any designing services
any body can explain me that service tax is applicable on custom tailoring( Stitching Charges) shop is more tan 10.00 lacs.
ReplyDeleteT/R
Rahim Khan