Service Tax Negative List. In the negative list system all services are taxable and only those services that are mentioned under negative list are exempted. Service Tax Negative list, Mega exemption notification no. 25/2012 up to date till 20/032017. Charge of service tax/taxable services under Service Tax Act.Notification No. 39/2016 dated 02/09/2016. Exemption to services provided by Govt./Local authority for operating telecom services/use radio Service Tax for May/ Nov 2016 CA Final Indirect Taxation Exam by CA Farooq Haque.Demo Lec 02 - Service Tax-Negative List for 2016 Attempt - By IDT Guru (CA Vishal Bhattad). Service Tax Negative List In the negative list system all services are taxable and only those services that are mentioUse of negative notice . Revision effective October 3, 2016 . Bankruptcy Now in Budget 2016 the service tax rate has been increased to 15.However, the existing exemption, by way of the Negative List entry, to service by way of admission to entertainment event, namely, exhibition of cinematographic film, circus, recognized sporting event, dance, theatrical In Budget 2016, the Finance Minister proposed certain changes to the existing negative list i.e. a list of such services which are exempt from service tax. Let us look at these proposals in brief.
All services are liable for Service Tax except the those specified in Service Tax Negative list.After that number of notifications has been issued to amend the Negative List. Here we have updated the latest Negative list of Service Tax 2016-17. Negative list of service tax IPCC/negative list service tax May/Nov 2017 Part 3. How to Study Service Tax For CA IPCC Video 2.How To Do Total Income Questions For CA IPCC 10- 15 Marks | November 2016 . Posted by CSCARTINDIA Admin on May 17, 2016July 7, 2016.I and my friends are really got benefited in last december attempt.I scored 62 marks in cost and 71 marks in tax al due to these mock test. Budget 2016 has imposed cess called Krishi Kalyan Cess 0.5 on all taxable services.
The effective Service tax rate is 15.Negative list of Service Tax for 2013-14 as per Section 66D revised as per latest budget is give below. But before learning this trick by heart, please compare it with the latest original Negative List of Service Tax and make necessary modifications in the trick just in case there are any major changes made by the amendments.November 2016 (3). Service tax was a tax levied by Central Government of India on services provided or agreed to be provided excluding services covered under negative list and considering the Place of Provision of Services Rules, 2012 and collected as per Point of Taxation Rules Presently from 1 June 2016, service tax rate has been increased to consolidated rate at 14 0.50.5 15 of value of services provided or to beHowever, from 1 July 2012 the concept of taxation on services was changed from a Selected service approach to a Negative List regime. These services are proposed to be omitted from the Negative List but the service tax exemption on them is being continued by incorporating them in the general exemption notification (Notification No. 25/2012-ST as amended by notification No. 09/ 2016-ST, dated 1st March, 2016 refers). 5. The above services are also mentioned in negative list 5. Research and development service. tax.Clause ( l). education services. Negative List Till 13-5-2016 Till Nov 2016 exam. Section 66D: Updated List of Negative Services. CA Sandeep Kanoi. | Service Tax. 22 May 2016.No Service-Tax on Individual Advocates, GTA etc Negative List w.e.f. 1.7.2012. Notification number 07/2016 Service Tax, Dated: 18th February. Tax on services by Govt to businesses with turnover below 10 Lakh.Notification No. 20/2015-Service Tax, Dated: 21st October, 2015. Amendment in Negative List of Service Tax. Thus, basic mail service, money order service, pension payment etc is not liable to Service Tax) (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an(Deleted by Finance Bill, 2016) 13 Services by way of renting of residential dwelling for use as residence. In addition to 15 services under negative list, about 73 services (including sub-parts) are exempted under Mega Exemption Notification No. 25/2012.The defaulter will have to pay penalty, outstanding service tax and interest. Illustration 16: 1. Due date of payment of service tax is May 6, 2016 Home > Service Tax > Negative List > Updated Negative List Service Tax.Latest posts by Ankit Jain (see all). Panel suggests cash curbs - July 15, 2016. The IDS2016- CBDT clarifies that effective rate of tax is 45 - July 14, 2016. However Service Tax Negative List specified services which is out of the ambit of service tax applicability i.e. service tax exemption without anyNo Service Tax on Goods Transportation by Vessel if invoice issued upto 31-05- 2016. Service Tax on Authorised Motor Vehicle Service Station. July 15, 2013August 31, 2016 Manager 0 Comments.Earlier service tax was levied on certain specified services only. New system ensures that expect those services that have been listed in the negative list, all other services will be subject to service tax. Service Tax Rate in the year 2016 ?Normally, service tax is paid on all services except for those included in the negative list of services. All service providers including central and state government service providers as well as private sector service providers are liable to pay service tax. Land Reforms. Food Processing. Economy Survey 2016. Investment Models. Science and Technology.Service tax: negative list (17 services). Budget 2014: Service Tax provisions. Service sector vs GDP, Employment. MCTP Schedule 2016-17.Earlier the levy of service tax was based on positive list specified 119 taxable services.As per clause (34) of section 65B of the Finance Act, 1994, the term " Negative List" means the services which are listed in section 66D. Devendra Vishwakarma2016-06-08T09:35:1500:00. By Devendra Vishwakarma Economy, IAS Preparation 2014, budget, fdi, ict, industries, limits, List, negative, provisions, rampd, sector, service, tax, tourism, trade 0 Comments. Presently from 1 June 2016, service tax rate has been increased to consolidated rate at 14 0.50.5 15 ofThis changed the taxation system of services from tax on some Selected services to tax being levied on the every service other than services mentioned in Negative list.. Answered Oct 8, 2016. Services under Negative list and Mega Notification list dont have much difference .How can I learn the negative list of service tax? What is the difference between a service tax and a service charge? List of negative services under service tax. S. no.service of transportation of passengers78, with or without accompanied belongings, by. (i) a stage carriage (Deleted by Finance Bill, 2016. From 1st July 2012 onwards, all services (except those specified in the negative list of services by the Govt) are now liable for service tax.The Service Tax Rate applicable from 1st June 2016 is 15. flow statement,1,CASH PAYMENT DIS ALLOWANCE,8,CASH PAYMENTS EXCEEDING 20000,4,CASH SUBSIDY,3,Cash Transaction 2016,8,cbdt,13,cbec,8NEFT,10,NEGATIVE LIST FOR TAX ON SERVICES,31,Net asset value,3,net banking,3,new excise return form,3,new 194 c,5,NEW Presently from 1 June 2016, service tax rate has been increased to consolidated rate at 14 0.50.5 15 ofThis changed the taxation system of services from tax on some Selected services to tax being levied on the every service other than services mentioned in Negative list. Thursday, 28 April 2016. Service Tax - Taxability, Negative list Exemptions(Summarized).CS Rahul harsh. at April 28, 2016. Filed Under: Negative List, Service Tax Tagged With: Negatilve List of Service Tax, Service Tax Notification, Service Tax UpdatesMay 11, 2016 at 4:36 pm. whether service tax is applicable on royality payment made by Delhi Doordarshan to a right holder for telecast of hindi feature film. Negative List of Services under Service Tax.Accelerated Depreciation/Weighted Deduction under Income Tax Act. October 21, 2016 0. Tax Records: Which Ones to Toss and When. Negative List in Service Tax. FUN. Definition of Service and Declared Services - Part 1.Service Tax for May/ Nov 2016 CA Final Indirect Taxation Exam by CA Farooq Haque. With effect from 1st July 2012, government has introduced negative list of services which are not taxable in India.Tax rates applicable to individual for financial year 2015-2016 Assessment year 2016-2017. SERVICE TAX- Negative List. August 28, 2016 admin.SERVICE TAX- Negative List. How to File GSTR-1, Format and Rules : Click Here. Service Tax Negative List. Jul 21, 2016. Documents.All the services specified in the Negative List shall remain outside the scope of service tax net. All other services, except those specifically exempted. Posted on August 1, 2016 by Jincy. Do you know that from 01.07.2012, service tax would be applicable on all services except a few? The services in the Negative List are excluded from the purview of Service Tax. Service Tax Negative list and Mega Exemption By CA Ranjeet Kunwar For IPCC NOV-15 - Продолжительность: 1:17:46 GAAP Bright 12 680Demo Lec 02 - Service Tax-Negative List for 2016 Attempt - By IDT Guru (CA Vishal Bhattad) - Продолжительность: 3:35:20 Vsmart Academy 13 All news articles files experts opinions about service tax negative list 2016 at one place at your finger tips.service tax interest calculation 2016-17. 3rd proviso to sec 10 23C of income tax act. IPCC May 2016 crash course. 1. service tax the negative list of services s. gautam associates.The negative list of service is specified in the Act itself in Section 66 D. In all, there are seventeen heads of services that have been specified in the negative list. way forward in GST Negative List - Inclusions Exclusions Open Issues Redressal New Services Taxable Way Forward in GST GST on Services Mr Bimal Jain A2Z Taxcorp LLP ChairmanF.No. 334/8/2016-TRU Government of India Ministry of Finance Department of Revenue ( Tax Research Unit). 1 Regenix Tax Union Budget 2016 ANALYSES AND UPDATES SERVICE TAX Niranjan Associates 18, Veerabadhran Street, Nungambakkam, Chennai - 600 034.Service tax is paid on a range of services except for a negative list of services that are not liable to tax. 66B 66C Determination of place of provision of service 66D Negative list of services 66E Declared services.62 Substituted by Finance Act, 2016 w.e.f.
.14.05.2016 for whose limitation is specified as eighteen months in Service Tax Referencer | 61. 1. service tax the negative list of services s. gautam associates.Exempted Services Service Tax Negative List based taxation Goa Chamber of Commerce and Industry July 7, 2012. Documents. List of Services exempt from Service Tax. The negative list shall comprise of the following services, namely: (a) services by Government or a local authority excluding the following services to the extent they are not covered elsewhere Service tax rate chart for fy 2016-17 : with new servic Form 15G / Form 15H : Detailed guide. Service tax on manpower supply service ( security serviThe Negative List entry that covers service of transportation of passengers, with or without accompanied belongings, by a stage Service fees of clearing organizations related to issuance and circulation of clearing participation certificates are deductible for profits tax purposes 11. 5 Tax update 2016 Key changes and trends. Changes enacted on 1 January 2016.