Service Tax Must Do Icwa Inter 2010 June Exam

Service Tax -Scope- J& K- India- Abroad-Export Of Services-Import Of Services

Service Tax Exemption-SEZ- Small Service Providers-Compasition Scheme

Service Tax -Registration

Service Tax Payment Dates Return Dates

Service Tax Determination of Value Rules

Is Service Tax always paid by Service Provider

Is Service Tax always paid on Receipt basis

Must Do Services Under Service Tax

1. Practicising Cost Accountant-Chartered Accountant-Practicing Company Secreaty
2. Commercial Training Coaching
3.Outdoor Catering
4. Mandap
5. Works Contract
6. Goods Transport Agency
7. Tour Operator
8. Event Management
9. Broker
10. Sub Broker
11. Stock Exchange
11. Mutual Fund
12. Construction Service
13. Post Office
14. Beauty Treatment
15. Interior Decorator

Also please see services added by Finance Act 2009
• Transportation of goods through Railways, including government railways.
• Transport of coastal goods, and transport through inland waters.
• Legal Consultancy Services, except services provided by an individual or to an individual.
• Cosmetic Surgery & Plastic Sergery.
• Certain services have been modified. The definition of job work, under business auxiliary services has been amended to exclude only those manufacture activity which result in manufacture of excisable goods.
• Sub brokers have been exempted from payment of service tax.

ICWA Inter Group II Central Sales Tax /VAT Must Do

CST is important from marks point of view. It will not take more than 2 sessions of 3 hours each to complete and also do previous year question.
Must Do:

Compute Taxable Turnover -When Q gives sales inclusive of Tax
Compute Taxable Turnover when Q gives sales exclusive of TAX
Adjustment for Sales returns and rejections
Role of C form -Taxes with C form
-Taxes with C form

Various forms in CST---"C" "F" "H"

Define as in CST--Dealer, Goods, Taxable Turnover, Aggregate Sales Price, Place of Business

Goods under CST Includes Excludes

Impact of VAT on CST Rates

How does VAT operate