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Amendment wef October 1, 2014

4/9/2014

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Amendments effective from October 1, 2014

1.            Levy of service tax even on radio taxi (Radio Taxi defined as "a taxi including a radio cab, by whatever name called, which is in two-way radio communication with a central control office and is enabled for tracking using Global Positioning System (GPS) or General Packet Radio Service”)


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Service Tax under Reverse Charge Mechanism

4/9/2014

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Service Tax Authorities have issued Notification 19/2014 wrt the exchange rate to be adopted for computation of service tax liability on forex remittances under reverse charge mechanism (import of services) wef October 1, 2014.  In this regard, we request you to note the following: 

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    Hanish is a Chartered Accountant practicing in the area of Indirect Taxes

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