Section 66B of Finance Act, 1994 – Charge of Service Tax

By Paras Mehra June 3, 2016

Section 66B is the charging section and holds a vital importance in understanding the service tax act.

Section 66BA of Finance Act, 1994 – Section 66 to be construed as Section 66B

By Paras Mehra June 3, 2016

Section 66BA was introduced by Finance Act, 2013, which states that section 66, should be construed as section 66B of Finance Act.

Section 66E of Finance Act, 1994 – Declared Service

By Paras Mehra June 3, 2016

Section 66E tells about the Declared service, which is the deeming fiction of law. It provides the lawmakers with an arbitrary power to declare any activity as a service.

Section 68 of Finance Act, 1994 – Payment of Service Tax

By Paras Mehra June 3, 2016

Section 68 provides for payment of service tax to the central government. Section 68 only provides that every person providing taxable service to any person shall pay service tax at the rate specified in section 66B.

Section 69 of Finance Act, 1994 – Registration for Service Tax

By Paras Mehra June 3, 2016

As per section 69, every person who is liable to pay the service tax under this chapter should apply for service tax registration.

Service Tax Applicability – Whether It Applies to you – Territorial Application – Section 64

By Agam Gupta June 1, 2016

Section 64 of FA 1994 tells us about the applicability of Service tax in India.

Is my Service is liable for Service Tax? – Check the Service tax Applicability on Your Business

By Paras Mehra May 23, 2016

Is my service is liable for service tax? Do I require the service tax registration? Check the service tax applicability on your business as per the finance act, 1994.

Latest Due Dates for payment of Service tax – Rule 6, of Service Tax Rules, 1994

By Paras Mehra April 26, 2016

Due dates of service tax are prescribed under Rule 6 of Service Tax rules, 1994. The payment for Service tax has to be paid electronically on or before the 6th day of the next month.

What is Krishi Kalyan Cess? – 0.5% increase in Service Tax Rate from 1st June 2016

By Paras Mehra April 26, 2016

This articles describes the concept of Krishi kalyan cess, that has been introduced by the Government of India w.e.f. 01/06/2016. Krishi kalyan cess is further added to service tax rate of 14.50% @ 0.5% which makes it a total of 15%.