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New Rules of VAT, CST, Service Tax & GST 25th February, 2012.

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Description: New Rules of VAT, CST, Service Tax & GST 25th February, 2012. Introduction Since its introduction in the year 1994, Service Tax has emerged as a major source of revenue for the Central Government. The base of service tax is being expanded every year by proposing tax on the new categories of services in Finance Bill. A significant aspect of Service Tax is that there are notable inclusions and exclusions in most types of services. The Government has issued a number of clarificatory circulars regarding several inclusions and exclusions and rules have been put in place to deal with classification of services, export of services, CENVAT credit of the services and so on. Even so, there are number of grey areas and litigations abound. The government has so far relied on voluntary compliance and has refrained from arm-twisting methods to extract service tax. However, with revenue compulsions forcing the trends of the Government, it is more likely that the defaulters will be dealt with mor
Brianna Knowledge Resources Pvt Ltd
919320007893
Brianna Knowledge Resources
Posted date :
2012-01-25
Company Name :
Brianna Knowledge Resources Pvt Ltd
City :
Mumbai
Contact Name :
Brianna Knowledge Resources
Contact Number :
919320007893
Address :
Vashi Navi Mumbai
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