Taxindiaonline.com - Daily Mail Update
 
2008-TIOL-NEWS-052 PART-III
Friday, February 29, 2008
 
News Flash

Film Threatres and studios brought under Service Tax net under Renting of Immovable property;

Service Tax : Cargo handling to include cargo or goods;

Transport of house-hold goods to cost more; packers and movers specifically covered under Service Tax;

Computer hardware and software consultancy brought under Consulting Engineer Service;

Service Tax – works contract will now attract 4% tax instead of 2%;

After Income Tax Return preparer Scheme, it’s now Service Tax Return preparer;

IT software is property – repair is taxable under Service Tax now;

     
 

Dear Member,

Sending you the following files:

 
     
 
Indirect Tax Basket

CENTRAL EXCISE SECTION

cxtariff02.pdf (TRU-corrected one)

 
Common Basket

Budget Highlights

Budget highlights from Budget 2008-09;

Memorandum

Memorandum from Budget 2008-09;

review story.pdf

Review Committee fiasco – Board intervenes to provide stability and so does the Chief Commissioner;

gta story.pdf

Service Tax - Goods Transport Agency is no longer an output service;

ctt.pdf

Commodities Transaction Tax : Multiple rates proposed for multiple options;

sunil story.pdf

Finally, Sec 4A of CCA '44 gets long-awaited Determination Rules;

cenvat story.pdf

No Cenvat Credit on service tax paid on outward freight from the Place of removal ;

excise story.pdf

Reduction of rate of Cenvat from 16% to 14% : Since when applicable? - And is it only for imported goods?

KL Narasimham.pdf

Budget Proposals – A glance at changes in Direct Taxes ;

dispute story.pdf

FM accepts TIOL recommendation; introduces Dispute Settlement Scheme for small service taxpayers ;

 

Regards
Customercare Executive

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