Recent Amendments in
              Service Tax
• Newly added service

     • Transport of Goods by Rail

     • Transport ...
Extended Or Altered in
             Existing Services
• Manufacture of “excisable goods” (as defined in the
  Central Exci...
Other Amendments
•   Cenvat Credit Rules, 2004
    • Rule 6(3) is being amended to prescribed that a
      provider of bot...
Other Amendments
•   Not. 1/2002 – ST dated 1-3-02

    • Scope enlarge by extending the applicability of
      service ta...
Exemptions
• Vehicle bearing “Contract Carriage Permit”.
• Club or Association service provided to FIEO and
  specified Ex...
Refund
• Not. 41/2007 dated 6-10-2007 amended
  by introducing two Notifications dated
  7-7-2009.
  • Transport of good b...
Revamped in Not. 41/2007
      ST dated 6-10-2007
• “Terminal handling Charges” added in eligible
  services.
• Time limit...
Latest Amendments In Service Tax After Budget 2009
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Latest Amendments In Service Tax After Budget 2009

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Latest Amendments In Service Tax After Budget 2009

  1. 1. Recent Amendments in Service Tax • Newly added service • Transport of Goods by Rail • Transport of (i) Coastal Goods and (ii) Goods through Inland Water including National Waterways. • Legal Consultancy Service • Cosmetic and Plastic Surgery Service
  2. 2. Extended Or Altered in Existing Services • Manufacture of “excisable goods” (as defined in the Central Excise Act) are excluded from the purview of Business Auxiliary Service. • “Information Technology Software service” is being amended to replace the word ‘acquiring’ with the word ‘providing’ (appearing in SL. No. (iv) and (v) of the definition) – r.e.f 16-5-2008. • Stock Broker service excludes sub-broker from its ambit.
  3. 3. Other Amendments • Cenvat Credit Rules, 2004 • Rule 6(3) is being amended to prescribed that a provider of both taxable and exempted services, who does not maintain separate accounts of inputs, shall pay an amount equal to 6% value of exempted services instead of 8%. • Rule 3(5B) is being amended so as to provide that a service provider shall pay back the amount of credit taken on inputs/capital goods fully written off.
  4. 4. Other Amendments • Not. 1/2002 – ST dated 1-3-02 • Scope enlarge by extending the applicability of service tax provisions “to installations, structures and vessels in the entire Continental Shelf and Exclusive Economic Zones of India.
  5. 5. Exemptions • Vehicle bearing “Contract Carriage Permit”. • Club or Association service provided to FIEO and specified Export Promotion Councils till 31-3-2010. • Banking and other financial services/ foreign exchange services
  6. 6. Refund • Not. 41/2007 dated 6-10-2007 amended by introducing two Notifications dated 7-7-2009. • Transport of good by road and commission paid to foreign agents have been exempted from service tax if export is liable on reverse charge basis. • Present cap of 10% on commission agency charges remained, the exporter will have to pay the service tax on amount of commission in excess of 10%.
  7. 7. Revamped in Not. 41/2007 ST dated 6-10-2007 • “Terminal handling Charges” added in eligible services. • Time limit of refund claim is being increased to 1 yr from date of export. • Self certification is being introduced to ensure faster sanction and disbursement.

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