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

With effect from  Telephone Service.  General Insurance.  Stock brokers.

With effect from  Courier agency.  Pager.  Advertising Agency.

With effect from  Custom House Agents.  Steamer Agents. With effect from  Air Travel Agents.  Mandap Keepers.

With effect from  Consulting Engineers.  Manpower Recruitment Agents. With effect from  Clearing & Forwarding Agents.  Rent a cab operator. With effect from  Tour operator.

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

With effect from  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 – ).  Authorised Service Station.  Underwriting.

With effect from  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.

With effect from  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.

With effect from  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).

With effect from  Goods Transport Agency.

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

A little more peep into certain services

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.

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.

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.

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.

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.

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.

Goods Transport Agency

Business Auxiliary Service

CENVAT CREDIT

EXEMPTIONS

EXPORT OF SERVICE

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

RATE OF TAX AND INTEREST  From : 5 %  From – : 8 %  From : 10 % + E.Cess 2 %  From – : 1.5 % p.m.  From – : 24 % p.a.  From – : 15 % p.a.  From – Till Date : 13 % p.a.

THANKS

Swamy associates 21/8 Rams Flats Ashoka Avenue Directors Colony Kodambakkam Chennai Ph: Fax : Swamy associates 4 E Radhekrishna Apartments 33 Sarojini Street Ram Nagar Coimbatore Ph: Fax : Swamy associates 493 – 17 th G Main 6th Block Koramangala Bangalore Ph: Swamy associates H.No , Flat No.3C Anushka Enclave Street No. 9 Himayat Nagar Hyderabad Ph: