Page 91 - DCOM308_DCOM502_INDIRECT_TAX_LAWS

Indirect Tax Laws Pooja, Lovely Professional University

Notes Unit 6: Service Tax

CONTENTS
Objectives
Introduction

6.1 Section 65A
6.2 Director General (Service Tax)
6.3 Existing scheme for levy, assessment and collection of Service Tax in India

6.3.1 Legal Provisions
6.3.2 Administrative Mechanism
6.4 Rectification of Mistake
6.5 Challenges before the Service Tax Administration in India
6.6 Electronic Tax Administration

6.7 Provisions of Input Tax Credit
6.8 Procedure for Service Tax Registration
6.9 Computation of Service Tax

6.10 Audit and Inspections
6.11 Summary
6.12 Keywords
6.13 Review Questions
6.14 Further Readings

Objectives

After studying this unit, you should be able to:
 Section 65A of Chapter V of the Finance Act, 1994

 The functions and Powers of Director General of Service Tax
 Rectification of mistake
 Challenges ahead before the Service Tax Administration in India
 Electronic Tax Administration
 Audit and Inspections

Introduction

Service Tax was introduced in India in 1994 by Chapter V of the Finance Act, 1994. It was
imposed on an initial set of three services in 1994 and the scope of the service tax has since been
expanded continuously by subsequent Finance Acts. The Finance Act extends the levy of service
tax to the whole of India, except the State of Jammu & Kashmir. To enable Parliament to formulate

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