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Welcomes you all

Welcomes you all. 17.12.2005. Service Tax - An overview. By swamy associates chennai – coimbatore – bangalore - hyderabad. With effect from 01.07.1994. Telephone Service. General Insurance. Stock brokers. With effect from 01.11.1996. Courier agency. Pager.

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Welcomes you all

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  1. Welcomes you all 17.12.2005

  2. Service Tax - An overview. By swamy associates chennai – coimbatore – bangalore - hyderabad

  3. With effect from 01.07.1994 Telephone Service. General Insurance. Stock brokers.

  4. With effect from 01.11.1996 Courier agency. Pager. Advertising Agency.

  5. With effect from 15.06.1997 Custom House Agents. Steamer Agents. With effect from 01.07.1997 Air Travel Agents. Mandap Keepers.

  6. With effect from 16.07.1997 Consulting Engineers. Manpower Recruitment Agents. With effect from 01.08.1997 Clearing & Forwarding Agents. Rent a cab operator. With effect from 01.09.1997 Tour operator.

  7. With effect from 16.10.1998 Architects. Credit Rating Agencies. Chartered Accountants. Cost Accountants. Company Secretaries. Interior Decorators. Market Research Agencies. Management Consultancy. Real Estate Agents. Security Agencies. Underwriting.

  8. With effect from 16.07.2001 Scientific & Technical Consultancy. Photography. Convention Services. Leased Circuits. Telegraph Services. Telex. Facsimile. Online information …... Video Tape Production. Sound Recording. Broadcasting. Insurance Auxiliary Service. Banking & other Financial Services. Port Services (Other ports – 01.07.2003). Authorised Service Station. Underwriting.

  9. With effect from 16.08.2002 Insurance Auxiliary Service – Life Insurance. Cargo handling. Storage & Warehousing. Event Management. Rail Travel Agents. Health Clubs & Fitness Centers. Beauty Parlours. Fashion Designers. Cable Operators. Dry Cleaning Services.

  10. With effect from 01.07.2003 Commercial Training / Coaching Centers. Technical Testing & Analysis. Maintenance & Repair. Commissioning & Installation (Erection). Business Auxiliary Services. Internet Café. Franchise Service. Fashion Designers. Cable Operators. Dry Cleaning Services.

  11. With effect from 10.09.2004 Business Exhibition Services. Airport Services. Transport of Goods by Air. Survey & Exploration of Minerals. Opinion Poll Services. Intellectual Property Services. Forward Contract Service. Pandal & Shamiana Services. Outdoor Catering. TV/Radio Programme Production. Commercial / Industrial construction. Travel Agents (other than air/rail).

  12. With effect from 01.01.2005 Goods Transport Agency.

  13. With effect from 16.06.2005 Transport of goods through pipeline. Site formation. Dredging. Survey & Map making. Cleaning Services. Clubs /Associations. Packaging. Mailing list compilation. Construction of residential complex.

  14. A little more peep into certain services

  15. Custom House Agents A person, licenced, temporarily or otherwise, under the regulations made under the Customs Act. Taxable Service – Service provided to a client, by a Custom House Agent, in relation to the entry or departure of conveyances or the import or export of goods. Tax is only on commission / charges. Payments made on behalf of client, like statutory levies, reimbursible expenses are not subjected to service tax. Option of paying service tax on 15 % of the gross billed amount.

  16. Steamer Agents Any person, who undertakes, either directly or indirectly, (i) to perform any service in connection with the ship’s husbandry or dispatch including the rendering of administrative work related thereto; (ii) to book, advertise or canvass for cargo for or on behalf of a shipping line; or (iii) to provide container feeder services for or on behalf of a shipping line. Taxable Service – Service provided to a shipping line, by a steamer agent in relation to a ship’s husbandry or dispatch or any administrative work related thereto as well as the booking, advertising or canvassing of cargo, including container feeder services.

  17. Clearing & Forwarding Agents Any person who is engaged in providing any service, either directly or indirectly, connected with the clearing and forwarding operations, in any manner, to any other person and includes a consignment agent. Taxable Service – Service provided to a client, by a Clearing and Forwarding Agent, in relation to clearing and forwarding operations, in any manner.

  18. Port Services. Port services means, any service provided by a Port or any person authorised by the Port, in any manner, in relation to a vessel or goods. Taxable service – Service provided to any person, by a port or any person authorised by the port, in relation to port services, in any manner.

  19. Cargo Handling Services. Cargo handling service means loading, unloading, packing or unpacking of cargo and includes cargo handling services provided for freight in special containers or for non-containerised freight, services provided by a container freight terminal or any other freight terminal, for all modes of transport and cargo handling service incidental to freight, but does not include handling of export cargo or passenger baggage or mere transportation of goods. Taxable Service – Service provided to any person, by a Cargo handling agency in relating to cargo handling services.

  20. Storage & Warehousing Services Storage and warehousing includes storage and warehousing Services for goods including liquids and gases but does not Include any service provided for storage of agricultural Produce or any service provided by a cold storage. Taxable Service – Service provided to any person, by a Storage or warehouse keeper in relation to storage and Warehousing of goods.

  21. Goods Transport Agency

  22. Business Auxiliary Service

  23. CENVAT CREDIT

  24. EXEMPTIONS

  25. EXPORT OF SERVICE

  26. PROCEDURES Registration. Payment of service tax. Filing of return. Invoicing. Advance received. Maintenance of records.

  27. RATE OF TAX AND INTEREST From 01.07.1994 - 13.05.2003 : 5 % From 14.05.2003 – 09.09.2004 : 8 % From 10.09.2004 : 10 % + E.Cess 2 % From 01.07.1994 – 15.07.2001 : 1.5 % p.m. From 16.07.2001 – 15.08.2002 : 24 % p.a. From 16.08.2002 – 12.09.2004 : 15 % p.a. From 13.09.2004 – Till Date : 13 % p.a.

  28. THANKS

  29. Swamy associates 21/8 Rams Flats Ashoka Avenue Directors Colony Kodambakkam Chennai 600 024. Ph: 044-24811147 Fax : 044-24733344 Swamy associates 4 E Radhekrishna Apartments 33 Sarojini Street Ram Nagar Coimbatore 641 009 Ph: 0422-4377669 Fax : 0422-4378622 Swamy associates 493 – 17th G Main 6th Block Koramangala Bangalore 560 095. Ph: 080-51303434 Swamy associates H.No.3-6-659, Flat No.3C Anushka Enclave Street No. 9 Himayat Nagar Hyderabad - 500 029. Ph: 040 - 55526879

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