Service Tax – some suggestions for better collection, adjustment and administration and to avoid revenue leakage .

Service Tax – some suggestions for better collection, adjustment and administration and to avoid revenue leakage . https://www.taxtmi.com/article/detailed?id=1436 Recommends broad, activity based definitions of taxable service and person, mandatory registration above a notified receipts threshold, and two schedules distinguishing large organised service providers (SP) who retain collection duties from organised service receivers (SR) who bear reverse charge liability for input services not in SP. Proposes exempting large CENVAT eligible receivers from paying upstream service tax where output tax far exceeds input credits to avoid refund/credit complexity, thereby reducing provider splitting, improving collection, and minimising revenue leakage. en-us Sun, 25 Sep 2011 21:34:26 +0530 Sun, 25 Sep 2011 21:34:26 +0530 TaxTMI RSS Generator Service Tax – some suggestions for better collection, adjustment and administration and to avoid revenue leakage . https://www.taxtmi.com/article/detailed?id=1436 Recommends broad, activity based definitions of taxable service and person, mandatory registration above a notified receipts threshold, and two schedules distinguishing large organised service providers (SP) who retain collection duties from organised service receivers (SR) who bear reverse charge liability for input services not in SP. Proposes exempting large CENVAT eligible receivers from paying upstream service tax where output tax far exceeds input credits to avoid refund/credit complexity, thereby reducing provider splitting, improving collection, and minimising revenue leakage. Articles Service Tax Sun, 25 Sep 2011 21:34:26 +0530 https://www.taxtmi.com/article/detailed?id=1436