Abatement for tour operator services rationalised and reduced to 40%

Central Government vide Notification No. 4/2017-ST, Dated: January 12, 2017 has rationalized the abatement provision w.e.f. 22.01.2017 for all classes of tour operator services by reducing the abatement rate to 40%. For availing the abatement, the CENVAT credit of inputs and capital goods used for providing the said taxable service would not to be allowed. It can be inferred that, […]

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Changes in Service Tax_Notification No. 2&3/2017-ST, Dated: January 12, 2017

Central Government vide Notification No. 2&3/2017-ST, Dated: January 12, 2017 has: Amendedthe definition of Aggregator provided in rule 2(1) (aa) Service Tax Rules, 1994 so as to exclude such person from the aggregator who enables a potential customer to connect with persons providing services by way of renting of hotels, inns, guest houses, clubs, campsites or other commercial places […]

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Amendment in Mega Exemption Notification No.25/2012-Service Tax, dated the 20th June, 2012

Central Government vide Notification No. 1/2017-ST dated: January 12, 2017 has amended Mega Exemption Notification No.25/2012-Service Tax, dated the 20th June, 2012 so as to Exempt services provided by a business facilitator or a business correspondent to a banking company with respect to accounts in its rural area branch. {entry 29(g)} Withdraw the exemption of service tax w.e.f. 22.01.2017 […]

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Relaxation to issue online invoice without digital signature

Central Government vide Notification No. 53/2016-Service Tax, Dated: December 19, 2016 has inserted a proviso in Rule 4C(1) of the Service Tax Rules, 1994 allowing a person located in non-taxable territory providing online information and database access or retrieval services[OIDAR] to a non-assessee online recipient located in taxable territory to issue online invoices not authenticated by means of a […]

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Exemption to Service of transportation by educational institutions

To settle the demand of service tax on the fees collected by schools towards transportation of students, faculty and staff, Central Government vide Notification No. 45/2016-ST dated September 30, 2016 has exempted the services of transportation, by educational institutions to students, faculty and staff of such institutions from the levy of Service Tax for the period commencing […]

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Revision of Monetary limits for issuing Service Tax Notice by department

Central Government vide Notification No. 44/2016-Service Tax, Dated: September 28, 2016 has amended the adjudication power of officers. The revised limits are as under: S. No. Rank of the Central Excise Officer Amount of service tax or CENVAT credit specified in a notice issued under the Finance Act 1994. (Amended Limits) w.e.f. 28th September 2016 Amount of service […]

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