Question

ammunt due to local authority or gaverment is

Answer 1

Answer:

I accountin g in banking

Answer 2

In today’s scenario, every business entity has to make multiple kinds of payment to the Government or local authority. While making these payments, it is now important for these business entities to realize the repercussions of these payments from a service tax point of view as well.

This is because a number of services provided by Government or local authority have been brought within the ambit of Service Tax on reverse charge basis with effect from 01/04/2016.

Ever since this amendment, there are a number of apprehensions across trade and industry as to which are the services which would be covered under the tax net and what would be the provisions relating to Cenvat Credit, Point of Taxation, Valuation etc.

An endeavor has been made to put together most of these questions at one place and answer them on the basis of the relevant Service tax provisions