Service Tax: New guidelines for returns’ scrutiny from August

New Delhi, July 17 (IANS) Announcing new guidelines for the manual scrutiny of service tax returns from August 1, the finance ministry on Friday said while scrutiny and anti-evasion work will be the domain of the Central Board of Excise and Customs’ executive commissionerates, the recently-separated audit commissionerates will handle the auditing part.

“In view of the legal changes brought about by the Negative List based taxation of services and administrative changes like creation of separate commissionerates for audit etc., these guidelines have been revised and will come into operation from August 1, 2015,” said the finance ministry statement.

“The selection of returns for detailed scrutiny would be on the basis of risk parameters which would be centrally generated,” it added.

Following Finance Minister Arun Jaitley’s budget announcement in February, the rate of service tax has gone up from 12 percent to 14 percent from June 1.

Besides, the earlier levied education cess and secondary and higher education have become ineffective from this date, as they have been subsumed in the service tax rate of 14 percent notified by the Central Board of Direct Taxes.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here