Skip to main content

E payment of service tax made mandatory

By

With effect from 1st October, 2014; every assessee is required to pay service tax electronically through internet banking therefore service tax liability for the month of September, 2014 or quarter ending September, 2014 is required to be paid electronically irrespective of the constitution of assessee and quantum of turnover/service tax.

Here we would also like to mention that relaxation from e-payment may be allowed by the Deputy Commissioner/Asst. Commissioner on case to case basis.

(Notification No. 09/2014-ST)

--
M/s N.K. Goel & Bros.
cayashugoel.blogspot.com
Chartered Accountants
CA Yashu Goel
9899263490

Comments

Post a Comment

Popular posts from this blog

CBDT Instruction No 5/2014 dated 10.07.2014

By
Dear Members,   The Hon'ble CBDT has issued Instruction No 5/2014 dated  10.07.2014 , by which the monetary limits for filing appeals to ITAT / HIGH COURT / SUPREME COURT have been revised.   The New limits are:                                  Tax effect Appeal before ITAT                                Rs.  4,00,000/- High Court                                               Rs. 10,00,000/- Supreme Court                                        Rs. 25,00,000/-   Copy of Instruction is attached for your information.
Post a Comment
Read more

DVAT – Form T 2 form when to fill, what to do?

By
DVAT – Form T 2 form when to fill, what to do? The Trade and Taxes Department Delhi has issued a notification dtd. 17/05/2013 clarifying the requirements with regard to Form - T2 applicable to Purchasers/ Importers/ Dealers who are receiving goods from outside Delhi. Applicable to Whom Dealers having GTO more than or equal to Rs. 10 crores in the FY 2011-12. Exemption Dealers dealing exclusively in Tax Free Goods need not file T2. What if the turnover was not 10 crore in 2011-12 but exceeds limit in any subsequent year? T-2 shall become applicable from such subsequent year in which T/o exceeds Threshold limit. What if Turnover is 10 crores or more in one FY for example 2011-12 And then in subsequent FYs T/o is below 10 Crores what is the liability regarding T-2? Once the dealer becomes liable he shall have to file T-2 for all times to come. Even if T/o in subsequent FY is below 10 Cro...
Post a Comment
Read more

IT : Long-term capital loss of sale of equity shares attracting STT is allowed to be set off against long term capital gain on sale of land in accordance with section 70(3)

By
IT : Long-term capital loss of sale of equity shares attracting STT is allowed to be set off against long term capital gain on sale of land in accordance with section 70(3) • Section 10(38) excludes in expressed terms only the income arising from transfer of Long term capital asset being equity share or equity fund which is chargeable to STT and not entire source of income from capital gains arising from transfer of shares. • It does not lead to exclusion of computation of capital gain of Long term capital asset or Short term capital asset being shares. • Accordingly, Long term capital loss on sale of shares would be allowed to be set off against Long term capital gain on sale of land in accordance with section 70(3). ■■■ [2015] 58 taxmann.com 115 (Mumbai - Trib.) IN THE ITAT MUMBAI BENCH 'D' Raptakos Brett & Co. Ltd. v. Deputy Commissioner of Income-tax, Mumbai B.R. BASKARAN, ACCOUNTANT MEMBER AND Amit Shukla, JUDICIAL MEM...
Post a Comment
Read more