CBEC prescribes procedure
for registration & online payment of service tax in respect of online
information & database access or retrieval services rendered by non-taxable
territory assessees; Such assessees are required to fill and submit Form ST-1A,
whereupon Registration Certificate in Form ST-2A shall be generated
automatically; For payment purposes, taxpayer / assessee must have internet
banking account in one of 7 prescribed foreign banks which include BNP Paribas,
HSBC, Standard Chartered and Bank of America; Payment shall be routed through replica
of EASIEST e-Payment portal, where assessee needs to select following
Accounting Codes – 0153 for service tax on OIDAR, 0154 for interest and 1333
for penalties thereon, 1509 for payment of KKC, 1510 and 1512 for interest and
penalties thereon respectively, and 1493 for SBC, 1494 for interest and 1496
for penalties thereon; Using the EASIEST web portal, assessee can view /
download GAR-7 challan evidencing payment of service taxes : CBEC
Subscribe to:
Post Comments (Atom)
Department of Commerce issues clarification on newly inserted Rule 11B of SEZ Rules
This Tax Alert summarizes a recent instruction issued by the SEZ Division, Department of Commerce, clarifying various concerns relating t...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
-
Introduction It's important for taxpayers to have a clear understanding of the available allowances and deductions, as they can grea...
-
· Mumbai ITAT in the case of Mukesh Harilal Mehta held that Exemption U/S 54 cannot be denied merely due to mistake by the developer.
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
Earlier this year, the Mauritius Government approved the amendment to the India – Mauritius tax treaty, aligning it with the proposal of th...
-
Slump sale is transfer of one or more business undertakings for a lump sum consideration, without assigning individual values to the each...
-
An eminent concern within the GST framework pertains to the entitlement of Input Tax Credit (ITC) concerning expenditures associated with In...
-
Introduction The law relating to companies is laid down in Companies Act, 2013 and the rules made thereunder and t...
-
Facts · India company has overseas subsidiary companies and there may arise requirement wherein customer execution requires the inv...
No comments:
Post a Comment