The good news for the Vat Dealers in Maharashtra:-

The good news for the Vat Dealers in Maharashtra:-

Dear Vat Dealer in Maharashtra please note that the applications for CST 

declaration forms for the period 01.04.05 to 31.03.08 can be made manually in JC 

(Reg.) Mumbai office [and JC (Reg.), Pune office for Pune Div.] on or before

31.12.2014.

31.12.2014 is a last date for submitting such application. 

In reverse charge the liability of Service Tax Payment is on the Service Receiver.

Here in India Service Tax is the liability of the person who provides the services.
It means generally the service provider is responsible for the tax liability.
There are some exception in Service Tax Act to the above rule is that the responsibility is on service provider.
In some category of services the ultimate responsibility is on Service Receiver.
There are few services in which some abatement is considered at the time of payment of tax.There is a reverse charge is applicable to few services
In reverse charge the liability of Service Tax Payment is on the Service Receiver.
The detailed chart is as follows for the Reverse charge services.

Sr. No.	Description of service	Service Provider	Service Receiver	Liability of service tax
1	Insurance agent's service	Insurance Agent	Insurance Company	100% by insurance company
2	Goods Transport Agency (GTA) service	Goods Transport Agency (one who issues consignment note)	Consignor or consignee who is (a) factory, society, registered dealer of excisable goods, body corporate, partnership firm, AOP and (b) who pays or is liable to pay freight either himself or through his agent for transportation of such goods in goods carriage	Tax payable on 25% of value if Cenvat credit has not been availed by service provider. Hence, it is necessary to obtain certificate from the service provider (GTA) that he has not availed any Cenvat credit. Otherwise, service tax will be payable on 100% of the value. Entire tax is payable by service receiver. Person liable to pay freight for transportation of goods, located in taxable territory, shall be the person who receives the service. If such person is located in non-taxable territory, the provider of service shall be liable to pay service tax.
3	Sponsorship service	Any person	Any body corporate or partnership firm located in the taxable territory	Entire tax payable by service receiver. If the receiver of service is not body corporate or partnership firm or if such body corporate or partnership firm is not located in taxable territory, the service provider (i.e. person receiving the sponsorship money) will be liable to pay the service tax.
4	Arbitral Tribunal services	Arbitral  Tribunal	Business Entity	Entire tax payable by service receiver
5	Advocate or Advocate Firms for Legal services	Individual Advocate or Advocate Firms	Business Entity having turnover exceeding ` ten lakhs per annum, located in taxable territory	Entire tax payable by service receiver
6	Services of director towords company	Director	Company	Entire tax payable by service receiver
7	Support Services by Government or Local Authority excluding renting of immovable property and services specified in clauses (i), (ii) and (iii) of Section 66D(a) of Finance Act, 1994 (These cover postal, port, airport and railway services)	Government or Local Authority	Business Entity located in taxable territory	Entire tax payable by service receiver
7	Renting or hiring of motor vehicle designed to carry passengers to any person who is not in the similar line of business	Individual, HUF, proprietary or partnership firm, AOP located in taxable territory	Business entity registered as body corporate located in the taxable territory	Tax on 40% of value by service receiver and Nil by service provider. If the service provider intends to avail Cenvat credit, he can pay service tax on balance 60%. Thus, service receiver is liable to pay service tax only on 40% value.
8	Supply of Manpower for any purpose or security service (The words ‘or security service’ were added w.e.f. 7-8-2012	Individual, HUF, proprietary or partnership firm, AOP located in taxable territory	Business entity registered as body corporate located in the taxable territory	Tax on 25% of value by service provider and 75% by service receiver
9	Service portion in execution of Works Contract	Individual, HUF, proprietary or partnership firm, AOP located in taxable territory	Business entity registered as body corporate located in the taxable territory	Tax on 50% of value by service provider and 50% by service receiver
10	Services received from non-taxable territory (Import of Service)	Located in non-taxable territory	Located in taxable territory	Entire tax payable by service receiver.

Reverse charge provision under Service Tax Act for Legal Services of Advocate or Advocate Firms

here in India in Service Tax Act The Reverse charge provision is applicable for some services. 

Section 68(2) makes provision for reverse charge i.e.the service receiving company is liable to pay service tax.

There are some ratio in some percentage (%) for the liable to pay tax on service receiver and some percentage was liable to pay by service provider.

Service Tax Rates are as under 

 Service Tax Rate-       12 %

+Education Cess-          2 %

+Higher Education Cess-   0.1 %

Total Service Tax is -  12.36%

In reverse charge services for Advocates it was necessary to register under services tax on Income 

after 10 Lakh..

After Registration it was not necessary to file a returns and the payment part is on service Receiver.

Service Receiver  has to pay the Service Tax and claim for set off for service Tax Paid by him.

In Reverse Charge Service Category the effect for the Advocate and  Advocate Firm is as under :-

Description of service

Service Provider

Service Receiver

Liability of service tax

Legal Services of Advocate or Advocate Firms

Individual Advocate or Advocate Firms

Business Entity having turnover exceeding ` ten lakhs per annum, located in taxable territory

Entire tax payable by service receiver

Maharashtra State has declared the cancelled list under Vat Act till 10-07-2014

Dear All,
It is very necessary and shocked news that Maharashtra Sales Tax Department has cancelled the list of dealers which are already registered under the MVAT ACT.

Near about the -165389 (One Lakh Sixty Five Thousand Three Hundred Eighty Nine)

It's a huge list of the dealer which are cancelled their Registration by Sales Tax Authority of Maharashtra.

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J2C Fashion is a new venture, that engaged in Made to Order or customized Indian ladies dresses like Kurtis, Salwar Kameez etc at your door step.

Now, dial 104 to get blood at doorstep :-

Now, dial 104 to get blood at doorstep :-

The Maharashtra government is the first in the country to roll out such a scheme.

Blood required for patients will now be a phone call away with the Maharashtra government launching its health programme - 'Jeevan Amrut Seva' or 'Blood-on-Call' - across the state on Tuesday.
A call centre for the purpose has been set up at Aundh Civil Hospital in Pune. People can dial 104 to connect the call centre with their requirements and the information will be forwarded to the respective district blood banks.
"Chief minister Prithviraj Chavan will inaugurate the scheme at the Sir J J Metropolitan blood bank in Mumbai at 4 pm on Tuesday. The Maharashtra government is the first in the country to roll out such a scheme. The blood would be transported on motorcycles specially fitted with a cold storage facility within an hour's time to areas within a radius of 40 km," state health minister Suresh Shetty said.

In India bank changes its policy for withdrawing money from ATM ----http://www.bubblews.com/news/9188512-bank-changes-its-policy-for-withdrawing-money-from-atm-and-also-the-balance-inquiry

http://www.bubblews.com/news/9188512-bank-changes-its-policy-for-withdrawing-money-from-atm-and-also-the-balance-inquiry

bank changes its policy for withdrawing money from ATM and also the balance 

Here I read the news in today's Indian news paper that all the bank changes their policies for withdrawing amount from ATM machine.
It's very horrible that the policy is made only for the benefit of bank only.
It means bank doesn't think about the customer when the policies are made.
As per the new policy you can withdraw from your own banks ATM only five times.
It means you can do five transactions only from your own bank ATM.It includes the balance inquiry also.
You also use only for three times the other bank ATM, and you want to make other transactions then you paid charges for per transactions.
For withdraw twenty Rupees only and for other transactions nine Rupees.
Its a business only
http://www.bubblews.com/news/9188512-bank-changes-its-policy-for-withdrawing-money-from-atm-and-also-the-balance-inquiry