Provisional attachment of property under service tax Meaning of provisional attachment – provisional attachment means temporary seizure of possessions or assts or property until a decision is made by the courts regarding given issues. The provisional attachment of property shall be to the extent which requires to the protect of the interest of revenue. So… Read More »
Settlement commission under service tax As per finance act, 1994, with effect from 28/05/2012 provision for settlement commission in section 31, 32,32A to 32P of central excise act ,1944 governing settlement mechanism in central excise has been made applicable to service tax by virtue of section 83. Settlement commission is another alternative channel for resolution… Read More »
Search and seizure provision under service tax Finance Act, 2011, has empowered a Joint Commissioner (earlier Commissioner) to authorize a search under section 82 and the rights for execution of such search given to Superintendent. The service tax rules allow the officers to excess the registered premises of the taxpayer for carrying out scrutiny, verification… Read More »
Advance ruling under service tax and related procedure In order to provide the facility of ascertaining the service-tax liability of a non-resident, to plan their service-tax affairs well in advance and to avoid long drawn and expensive litigation, a scheme of Advance Rulings has been introduced under the finance act,1994 Authority for Advance Rulings has… Read More »
Audit of service tax assessee under service tax Generally service tax liability is computed by an assessee on own will or can say under self assessment method. But sometimes it is necessary on the department to ensure that service tax liability computed by assessee on its own is correct and as per the provision of… Read More »
Revision order under service tax Revision of any decision or order under service tax – if the commissioner of central excise officer is not satisfied with the order of his sub ordinate officer then he has the power to issue revision order in respect of decision or order by his sub ordinate. The adjudication order… Read More »
Rectification of any apparent mistake in any order under service tax ( sec 74) In terms of Section 74 of the Finance Act, 1994 in the event any mistake apparent from the record is noticed by the Deputy/Assistant Commissioner of Central Excise/Service Tax may rectify the mistake within a period of two years of the passing of… Read More »
Assessment procedure under service tax Self assessment under service tax As per section 70 of finance act 1994,every assessee under service tax is required to himself assess his tax liability as per provision of law on the services provided and furnish the return in prescribed manner and form to the superintendent of central excise. But… Read More »
Advance or excess payment of service tax and adjustment thereof: There may be some situations where a person who is liable to pay service tax, has paid (to the credit of central government) service tax in excess of what he is liable to pay. The excess payment of service tax may arise on account of… Read More »