Saturday, May 24, 2008

Service Tax basics

I hope this reaches a wide variety of intended audience.

Service Tax in India is of a recent origin (not as recent but not as old either because in taxation parlance the ord recent has a different conotation) - it was introduced in 1994 by the then Finance Minister Mr. Manmohan Singh (todays PM) with an announcement that it would be the most user friendly tax that India has ever seen. He and his successors followed this path since 2004 when the things started changing and complication were being brought in every sphere - be it the haywire definitions of what is taxable and what is not or the penal clauses.

As litigations started pouring in the people are now hearing the music loud and clear that in India what is meant by tax payer friendly is at the end not that friendly at all.

Hence in this background i thought i should start this blog. My intentions are fair and i want to impart as much as i know and if i dont know it will be my endeavour to learn and than advice. So people keep writing in and i promise to come back as soon as time permits.

3 comments:

Anonymous said...

Hello,

It is great that u have started this blog and i have read u r articles in the Gujarat Samachar on service tax and they have been very informative to me.

Keep it and and will comeup with a query that i have on service tax.

Anonymous said...

Sir could you say us the basic treatment of service tax entries. If you can just upload a word or excel file that contains explanation on service tax with examples.

v.k. dubey said...

DEAR SIR,

I GO THROUGH YOUR BLOG ITS AWESOME .
I AM A SUPPLIER OF TOWER CRANE ON CONSTRUCTION SITE.
CAN YOU PLEASE SUGGEST ME HOW I SHOULD MAKE MY WORK ORDER / CONTRACT WITH PARTY SO THAT MY BUSINESS COME UNDER THE RIGHT TO USE AND WOULD BE LIABLE FOR SALE TAX . (NOT FOR SERVICES TAX)

Please expedite .....

THANK YOU,
WITH REGARDS,

VINAY DUBEY
e-MAIL: vinaydubey2020@gmail.com