Details of Credit on Swachh Bharat Cess

SWACHH BHARAT CESS (SBC) FREQUENTLY ASKED QUESTIONS (FAQ) Background: Chapter VI (Section 119) of the Finance Act 2015 contains provisions for levy and collection of Swachh Bharat Cess (SBC). Now the Government has announced 15th November, 2015 as the date from which the provisions of Section 119 would come into effect (notification No.21/2015-Service Tax, dated … Read more

Procedure of Service Tax Regestration

LAST UPDATED: 05.02.2016 (DDMMYYYY) Procedure for Service tax registration. 1.        Create login id on  ( /www.aces.gov.in/STASE/ui/jsp/common/registerWithACES.do) 2.        Fill and submit ST-1 Requirements for filling of ST-1 ·          PAN of Firm, Company. ·          Email ID & Mobile number. 3.        Save the Acknowledgement generated after submission of ST-1 4.        Collect the required documents as mentioned is acknowledgment. … Read more

Basic of Service Tax & Reverse Charge

1. India’s GDP Components 2. India Tax Revenue in 2014-15 3. What is Service tax 4. History of Service tax 5. Rates of Service Tax 6. Applicability 7. Charging of Service tax 8. Declared Services 9. Negative List 10. Valuation of Services 11. POT Rules, 2011 12. POPS Rules, 2012 13. Reverse Charge 14. Registration … Read more

Service Tax, VAT & TDS Journal Entries

Accounting Entries for Service Tax, VAT &TDSBig organizations are involved in number of transactions happeningeveryday. These transactions must be recorded in efficient manner sincethey effect the business results in the long run and accordingly they mustportray the exact activity happened on that particular day withcorresponding amounts involved.So, following entries will be passed at happening of … Read more

Indirect Tax Tevenue rise of 36.8% in October

collections during October 2015 increased by 36.8%as compared with collections made in October 2014; Cumulatively, during April-October 2015, Indirect Tax Collections increased by 35.9% over the collections made during the same period last year suggesting a healthy growth in the underlying tax base In October 2015, indirect tax revenue (provisional) collections increased by 36.8% compared … Read more

Service Tax Delayed Payment and Interest

Service Tax Delayed Payment and Interest in Excel Format FreeService Tax Delayed Payment and Interest in xls file free Contents:Summary of Work ContractInput credit detailSummary for other work contractSummary of Manpower SupplyWater ChargesNOC ChargesSewerages ChargesSummary of Residential Complex CLICK HERE to Download Service Tax Delayed Payment and Interest Excel file Download

How to Verify Service Tax code in online

Service tax code verification can be done online using simple 3 steps. It is helpful to determine the genuineness of the party whom we are paying service tax. Here, we have explained the manner of verification of service tax number and basics of service tax number. SERVICE TAX CODE VERIFICATION ONLINE:WHY SERVICE TAX NUMBER VERIFICATION … Read more

Service Tax Registration Procedure

Service Tax Registration Procedure and Documents required:1. Register on ACES Website (E Registration)Register on aces website www.aces.gov.in by selecting the appropriate link from the ACES portalOn filling the required details, such as user name and contact (mail id., mobile no), an ACES accountis created. A password is sent to the applicant’s email id. This password … Read more