What is the time limit for service tax notice?
The SCN is barred by Limitation The said section lays down a time limit of 30 months from the relevant date. The relevant date is separately provided under section 73(6) as the date when the return was due to be filed.
What is Section 66D Financial Act 1994?
Section 66D of Finance Act, 1994 specifies the Negative list of services i.e the Services on which Service Tax is not leviable. Section 66D is been inserted in Finance Act, 1994 by Finance Act, 2012 and been notified to be effective from 1st July 2012 vide Notification No. 19/2012-ST dated 5 June 2012.
What are the provisions of service tax registration?
Service Tax Registration Rules
- Every individual liable to pay service tax should register through Form ST-1 within 30 days from the date on which service tax was levied.
- If an assessee is providing more than one taxable service, they can mention all the taxable services provided by them in a single application.
Can service tax notice be issued after 5 years?
Angad Sandhu, Partner, PSL Advocates & Solicitors, told Moneycontrol: “Show cause notices for enquiry up to 5 years can only be issued in cases where service tax has not been paid due to fraud, collusion, wilful misstatement or suppression of facts, which was admittedly not the case in the SCNs being issued.
Which services are taxable under service tax?
1. Levy of service tax
| Sr.No | Service Category | Date of Introduction |
|---|---|---|
| 1 | Advertising | 01.11.1996 |
| 2 | Air Travel Agent | 01.07.1997 |
| 3 | Airport Services | 10.09.2004 |
| 4 | Architect | 16.10.1998 |
What is service tax discuss the main features of service tax?
Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994.