Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Service Tax Introduced for Telecom, Insurance, and Stock Brokers from July 1994 Under Finance Act, Chapter V.</h1> The circular, dated June 29, 1994, outlines the implementation of service tax under Chapter V of the Finance Act, 1994, effective July 1, 1994. It specifies that service tax applies to services provided by telegraph authorities, insurers, and stock brokers. The circular details procedures for registration, assessment, and tax collection, emphasizing centralized payment by head offices for telecommunication and insurance services, while stock brokers are assessed individually. It establishes a framework for provisional assessments, quarterly returns, and an appellate mechanism. The document also assigns responsibilities to Central Excise officers for administration and oversight of the service tax collection process.