Now Proprietary firm are exempted form Tax Audit ,whose turn over is less than Rs 16 lakhs.
Exemption form Service tax audit to proprietary firm
Exemption form Service tax audit to proprietary firm
About Me
- ravindra kumar
- I did my graduation from IIT Delhi and Post Graduate Diploma in Supply Chain and Logistics from LIBA Chennai.Worked five years in the BHEL then fifteen years in Revenue Department .Currently practicing as Indirect Tax Consultant in Service Tax, Excise and Customs.
Monday, February 28, 2011
New Services have been brought into Service Tax net
Service tax in this budget
New services on Hotel accommodations , Air Travel , Legal Service provided by Individual to Business entities, and investment by insurance company, Hospital above 25 beds and air-conditioned Restaurant. Details will be known only after notifications and circulars issued by CBEC.
New services on Hotel accommodations , Air Travel , Legal Service provided by Individual to Business entities, and investment by insurance company, Hospital above 25 beds and air-conditioned Restaurant. Details will be known only after notifications and circulars issued by CBEC.
No change in Service tax rate
No change in Service Tax
In this budget , no change in Service tax rate of 10 % has been made by FM.
In this budget , no change in Service tax rate of 10 % has been made by FM.
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