Where a Service Tax assessee voluntarily surrenders the Registration Certificate and stops paying Service Tax the duty is cast on the Department to verify whether the assessee has rightly gone out of the ambit of service tax or not. If the Department fails to do so within a stipulated time period the assessee cannot be subsequently held responsible for any inconsistency or error on the part of the assessee in withdrawing the Registration certificate.

The Central Government vide Notification No. 19/2012-ST dated 05.06.2012 has announced Date of Introduction of new regime of most awaited Negative List approach in Service Tax, which will apply w.e.f. 01.07.2012 i.e. service tax would be applicable on all services except those mentioned either in the Negative List or in the Mega Exemption vide Notification No. 12/2012-ST dated 17.03.2012.

Section 35AD has been inserted w.e.f. AY: 2010-11 to provide for investment- linked tax incentive by introducing the concept of allowing deduction for investment made in a new business ‘based on investment’. The deduction u/s 35AD is available subject to fulfillment of certain conditions which are as follows

Earlier, Refund of CENVAT credit available under Rule 5 of the CENVAT Credit Rules,2004was governed by Notification No.5/2006-C.E (N.T)dated 14thMarch, 2006.This Notificationhas now been superceded by Notification No.27/2012-CX., (N.T.), dated 18th June,2012. The Notification prescribes the procedure in which Refund applications shall be filed and theconditions contained therein which need to be fulfilled. The same are discussed below

Section 72A inserted by the Finance Act 2012, w.e.f.28.05.2012. By this section the concept of Special Audit is to be brought in Service Tax. Earlier the provision was that Section 83 of the Finance Act, 1994 had made Section 14AA of the Central Excise Act,1944 applicable, so far as may be

The Finance Act, 2012 has brought significant changes in service tax in the approach of taxing the services as well as manner of payment of service tax. In general the liability to pay service tax in on the service provider, however, in certain cases the liability has been shifted to the service recipients also.

Section 66D of the Finance Act, 1994 contains the Negative list of services. In accordance with clause(k) of negative list of services as per Section66D introduced w.e.f01/07/2012, “transmission or distribution of electricity by an electricity transmission or distribution utility is not a tax able service”

If rented immovable property is used for furtherance of business or commerce, it is liable to service tax. It does not matter whether Government or private parties rent it. Many Government offices like Service Tax, Central Excise, Income Tax, Accountant General Office, and State government offices have taken buildings on rent for performing the respective functions.

The Governor is pleased to sanction the implementation of a new Incentive Scheme for Micro, Small & Medium Enterprises in West Bengal in the following manner with an eye to promoting growth and development of such enterprises in the State.