Rule 6(4) provides for the provisional assessment of the service tax. That rule provides that, for the purposes of provisional assessment, the provisions of Regulation No 2 of 2001 on provisional taxation, in so far as they do not concern the enforcement of securities, apply to that valuation as far as possible. Rule 4 – Registration: The provisions of this Rule are analysed as follows: trade mark or trade name: a registered or unregistered name, i.e. a name or trademark, such as an invented word or writing, or a symbol, monogram, logo, label, signature used to indicate or indicate a link, in the course of trade between a service and a person, uses the name or trademark, with or without that person`s identity. The notification proposes that clause II above be replaced by the new one. Under the new amendment, the recipient of services is required to pay tax on services supplied or agreed by the Government or local authorities providing services (except for the rental of immovable property or certain services listed in paragraphs (a) (i), (ii) and (iii) of the Negative List of Section 66D of the Finance Act 1994) to each economic entity resident in the tax jurisdiction (the recipients). Under Regulation 4B, in respect of the carriage of goods by road in the context of a goods transport operation, the Freight Transport Agency shall issue a consignment note to the recipient of the service, unless the taxable service relating to the carriage of goods by road is fully exempt under section 93 of the Act. – The assessor is not required to keep separate records of the service tax. If the assessor submits a memorandum in the form ST-3A in accordance with subsection (5), it is lawful for the Assistant Commissioner of Central Excise or the Assistant Commissioner of Central Excise to conduct the assessment whenever he or she considers it necessary, after consulting any other document or record that the assessor considers necessary and appropriate in the circumstances of the case.
The correction of the overpayment under subsection (4A) is subject to the condition that the overpayment be made for reasons unrelated to the interpretation of the law, taxation, assessment or applicability of a notice of exemption. (ii) in all other cases, 3,5 % of the premium invoiced by the policyholder in the first year and 1,75 %. the premium charged to the policyholder in subsequent years; in order to pay its debt in respect of the service tax, instead of paying the service tax at the rate provided for in Chapter V, section 66B of that law. The Communication replaces the 2001 central excise legislation with the 2002 central excise legislation. The provisions of the Central Excise Regulations, 2002 relating to provisional valuation apply to the provisional assessment of the service tax, with the exception of the execution of the deposit. India`s services tax is now 21 years old. When it was introduced pursuant to Chapter V of the 1994 Finance Law (32 of 1994) of 01.07.1994, the provisions were also published from that date for the application of that Law, taking into account Article 94(2) of that Law. These rules are called the Services Tax Rules, 1994. These rules are the basic rules for the administration of the service tax and have been amended from time to time in response to the needs and changes in the economic and other circumstances of the country. (a) has reimbursed to the person from whom he received the payment so received, or part thereof, and the service tax exigible in respect of the service he is required to provide; Without prejudice to the provisions of subparagraphs 4, 4A and 4B, the person liable for the service of renting immovable property has paid to the central government an amount in excess of the amount necessary for one month or quarter to pay the service tax debt, Due to the non-use of the property tax deduction due under Communication No 29/2012 – Service tax of 20. June 2012, on the basis of the gross amount calculated for the letting of the immovable property for that period at the time of payment of the service tax, the taxable person may deduct that excess paid by him from his liability to the service tax within one year from the date of payment of that property tax.
Details of the adjustment must be communicated to the central excise superintendent responsible for the service provider within fifteen days of the date of the adjustment. (i) the policyholder`s gross premium, less the amount allocated to investments or savings deposits on behalf of the policyholder, where that amount is notified to the policyholder when the service is provided; Prior to notification, only businesses that use legal services are required to pay the services tax under the reverse charge mechanism. Now, all persons receiving legal services are required to pay the tax on services under the reverse charge mechanism. Where an appraiser has issued an invoice or received payment for a service to be provided which, for any reason, is not provided by the appraiser in whole or in part, or where the amount of the invoice is renegotiated because of a defective performance of the service or a contractual clause contained in a contract, the appraiser may credit the excessive tax paid by the appraiser; If the taxable person, reservation III- If the gross amount of service tax due is zero, the Central Excise Officer may, if satisfied that there are sufficient grounds for not filing the tax return, reduce or cancel the penalty.