Venkkatesh K Uncategorized India, indirect-tax, Service Tax 0
Central Board of Excise and Customer (CBEC), on July 10, 2012, clarified that remittances of Foreign Currency from abroad would not attract Service Tax of 12% . The CBEC explained that in the Service Tax Negative List regime, ‘service’ has been defined in Clause (44) of Section 65B o the Finance Act, 1994, as amended, […]
Venkkatesh K Uncategorized India, indirect-tax, Service Tax 0
As per the new dispensation of Mr. Pranab Mukherjee, Union Finance Minister here on June 20, 2012 there new 14 Service Tax-Exempt Negative List is included with which the total will be mount up to 38. Apart there 119 Service Tax Positive list which will Tax Payable. Which are furnished below. Service Tax Positive List […]
Venkkatesh K Uncategorized India, indirect-tax, Service Tax 0
Here on June 20, 2012 Mr. Pranab Mukherjee, Union Finance Minister included 14 more services under Negative list to skip them from the Service Tax Positive List under the new dispensation (special permission, especially from a religious leader, to do sth that is not usually allowed or legal) that is slated to come into effect […]
Venkkatesh K Uncategorized exempted-list, India, indirect-tax, Service Tax, Taxation 0
The Mr. Pranab Mukherjee, Finance Minister has amended Tax rates in the Finance Budget 2012 – 2013, as in the same way he as increased the Service Tax rate with 2% w.e.f March 1st, 2012. So, the people will have to bear extra service charge as they are accustomed to the services in today’s life […]