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Service tax- Expected ease for small service providers and suggestion for exemption of tax duty on large tax payers for ease of business and taxation no purpose in first collect and then refund policy need a change to make business easy

Service Tax - By: - CADEV KUMAR KOTHARI - Dated:- 10-2-2016 - News report: From news on some business news channels it was learnt that it is expected that the limit for exemption to small service providers is likely to be increased to ₹ 25 lakh. Advertisements of service tax department: In advertisements ( like I am a proud service tax payer…..) of Service Tax department present exemption of Rs. Ten lakh is indicated for service providers with rider that this exemption is not appli .....

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ervice providers and receivers: The expected exemption up to ₹ 25 lakh is a welcome step, and if it becomes reality it will make doing business easy for many service providers who are in nature of self-employed people. The exemption should also be provided for service receivers who are liable to pay service tax on services availed. Suggestion to extend ease of doing business for big excise duty and service tax payers: There is no purpose in approach of government under which tax is collect .....

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ax / duty payer who is found to have paid substantial amount of tax, even after availing CENVAT credit, can be exempted from levy of tax and duty on inputs and so there will be no CENVAT credit and tax/ duty payer will pay full amount of tax. For example suppose a large bank has tax liability of say ₹ 100 crore in a month and avails CENVAT for input services to the extent of ₹ 20 crore and thus pay ₹ 80 crore. Such tax payer/ bank may be exempted from levy of service tax on ser .....

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