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2014

Changes applicable in Service Tax w.e.f. 01/10/2014

  1. Advertisements in internet websites, out-of-home media, on film screen in theatres, bill boards, conveyances, buildings, cell phones, Automated Teller Machines, tickets, commercial publications, aerial advertising, etc. (sale of space for advertisements in print media would continue to be non-taxable) are leviable to Service Tax.
  2. Introduction of variable Rates of Interest u/s 75 of Finance Act, 1991:

2014

Finance Act, 2014 has made certain changes in Service Tax, which are applicable from 1st October, 2014. Team DYN has made an attempt to summarise these changes. These changes are:

    1. Service Tax is applicable on Radio Taxi (the abatement presently available to rent-a-cab service would also be made available to radio taxi service, to bring them on par);
    2. Advertisements in internet websites, out-of-home media, on film screen in theatres, bill boards, conveyances, buildings, cell phones, Automated Teller Machines, tickets, commercial publications, aerial advertising, etc. (sale of space for advertisements in newspapers, book other than business directories/yellow pages/trade catalogues would continue to be non-taxable) are leviable to Service Tax;

Financial Management