Welcomes you all

Welcomes you all

17.12.2005

Service Tax - An overview.

By

swamy associateschennai – coimbatore – bangalore - hyderabad

With effect from 01.07.1994

Telephone Service.

General Insurance.

Stock brokers.

With effect from 01.11.1996

Courier agency.

Pager.

Advertising Agency.

With effect from 15.06.1997

Custom House Agents.

Steamer Agents.

With effect from 01.07.1997

Air Travel Agents.

Mandap Keepers.

With effect from 16.07.1997 Consulting Engineers.

Manpower Recruitment Agents.

With effect from 01.08.1997 Clearing & Forwarding Agents.

Rent a cab operator.

With effect from 01.09.1997 Tour operator.

With effect from 16.10.1998

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 16.07.2001

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 – 01.07.2003). Authorised Service Station. Underwriting.

With effect from 16.08.2002

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 01.07.2003

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 10.09.2004

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 01.01.2005

Goods Transport Agency.

With effect from 16.06.2005

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, reimbursibleexpenses 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 ordispatch or any administrative work related theretoas 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 clearingand forwarding operations, in any manner, to any otherperson and includes a consignment agent.

Taxable Service – Service provided to a client, by a Clearing and Forwarding Agent, in relation to clearingand forwarding operations, in any manner.

Port Services.

Port services means, any service provided by a Port or anyperson authorised by the Port, in any manner, in relation to a vessel or goods.

Taxable service – Service provided to any person, by a portor any person authorised by the port, in relation to port services, in any manner.

Cargo Handling Services.

Cargo handling service means loading, unloading, packingor unpacking of cargo and includes cargo handling services provided for freight in special containers or for non-containerised freight, services provided by a containerfreight terminal or any other freight terminal, for all modesof 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 warehousingServices 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 01.07.1994 - 13.05.2003 : 5 % From 14.05.2003 – 09.09.2004 : 8 % From 10.09.2004 : 10 % + E.Cess 2 %

From 01.07.1994 – 15.07.2001 : 1.5 % p.m. From 16.07.2001 – 15.08.2002 : 24 % p.a. From 16.08.2002 – 12.09.2004 : 15 % p.a. From 13.09.2004 – Till Date : 13 % p.a.

THANKS

Swamy associates21/8 Rams FlatsAshoka AvenueDirectors ColonyKodambakkamChennai 600 024.Ph: 044-24811147Fax : 044-24733344

Swamy associates4 E Radhekrishna Apartments33 Sarojini StreetRam NagarCoimbatore 641 009Ph: 0422-4377669Fax : 0422-4378622

Swamy associates493 – 17th G Main6th BlockKoramangalaBangalore 560 095. Ph: 080-51303434

Swamy associatesH.No.3-6-659, Flat No.3CAnushka EnclaveStreet No. 9Himayat NagarHyderabad - 500 029.Ph: 040 - 55526879