Service Tax 4 India

Weblog by Dhirendra Gandhi

Summary Table of Various notification related to Finance Act 2012-12 June 6, 2012

Filed under: 1 — degee17 @ 3:46 pm
of Section 143 of the Finance Act Particulars Section Action Made effective from
A Definitions  65 Deleted 1/7/2012
B Classification of Services 65A Deleted 1/7/2012
D Charge of Service Tax.  66 Deleted 1/7/2012
E Charge of Service Tax on services received from outside 66A Deleted 1/7/2012
C Definitions which are now called Interpretations:  65B Inserted 1/7/2012
F Charge of Service Tax 66B Inserted 1/7/2012
F Determination of place of provision of service.  66C Inserted 1/7/2012
F Negative list of services.  66D Inserted 1/7/2012
F Declared Services  66E Inserted 1/7/2012
F Principles of interpretation of specified descriptions of services or bundled services. (a.k.a Classification)  66F Inserted 1/7/2012
G Explanation (b) to section 67 omitted: This clause defined “money”. Now that “money” finds a definition in Section 65 B, maybe this is redundant here.  67 Ommited 1/7/2012
H New Section 68 Amended to provide for payment of a part of the Service Tax by the provider and a part by another person, like recipient.  68 Inserted 1/7/2012
Notification No. Matter      
11/2012 dated 17.03.2012  Valuation of Taxable Service: Effective from   1/7/2012
12/2012 dated 17.03.2012 Exemption to certain services like individual lawyers  Effective from   1/7/2012
13/2012 dated 17.03.2012 Abatement  Effective from   1/7/2012
14/2012 dated 17.03.2012 Import of technology – exemption on R&D Cess paid.  Effective from   1/7/2012
15/2012 dated 17.03.2012 Service Tax payable by provider or receiver or both; In the case of service provided by advocate, 100% of the tax is to be paid by recipient. For works contract, both the provider and receiver have to pay 50% each.  Effective from   1/7/2012

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