1) The document discusses the topic of service tax in India. It provides details on the basic concept of service tax, its genesis in India, approaches to service taxation, and the meaning of key terms like "service" and "consideration".
2) It examines the negative list of services exempted from service tax under section 66D of the Finance Act, including services provided by the government, Reserve Bank of India, foreign diplomatic missions, and certain agriculture, trading, manufacturing, and transport-related services.
3) The effective rate of service tax in India is currently 12.36% as per section 66B of the Finance Act.
This PPT talks about the services rendered outside the Territorial waters and the Service Tax applicability on the same. Under the International Law, recent developments have shown that the territory of a country, for exercising their jurisdictional rights and internal laws, has been extended to the Continental shelf and the Exclusive Economic Zones. But the rights given to the coastal country are limited and restricted. When compared with the previous notification passed by the Central Government, now the service tax will be charged irrespective of the area being designated or non-designated in the EEZ and the Continental shelf. This paper will analyse the implementations of the new amended notification. It will also compare the new notification with the other notifications of the Customs & Excise Act and Income Tax Act for drawing an extent of the applicability of the act to the territory of India, whether or not Service Tax can be charged for an area outside the territorial waters.
On 16 March 2012, the Honorable Finance Minister of India presented in the Parliament the country's Finance Bill for 2012-13, containing proposals on direct and indirect taxes, and key policy initiatives.
In this regard , we are pleased to release the update capturing the key amendments proposed by Finance Bill 2012, in Service Tax provisions of Indian Indirect Tax Law.
The key highlights of the major changes suggested are as follows:
Introduction of Negative List.
Changes in the rate of tax.
Changes in Valuation Rules.
Point of Taxation Rules amended.
We hope this makes for an interesting and informative read.
Presentation on service tax Act 1994, for undergraduate commerce students of Goa University. Includes historical background, year wise tax collection e for last 20 years and procedural aspect of service tax Act 1994 with latest amendments are covered.
This PPT talks about the services rendered outside the Territorial waters and the Service Tax applicability on the same. Under the International Law, recent developments have shown that the territory of a country, for exercising their jurisdictional rights and internal laws, has been extended to the Continental shelf and the Exclusive Economic Zones. But the rights given to the coastal country are limited and restricted. When compared with the previous notification passed by the Central Government, now the service tax will be charged irrespective of the area being designated or non-designated in the EEZ and the Continental shelf. This paper will analyse the implementations of the new amended notification. It will also compare the new notification with the other notifications of the Customs & Excise Act and Income Tax Act for drawing an extent of the applicability of the act to the territory of India, whether or not Service Tax can be charged for an area outside the territorial waters.
On 16 March 2012, the Honorable Finance Minister of India presented in the Parliament the country's Finance Bill for 2012-13, containing proposals on direct and indirect taxes, and key policy initiatives.
In this regard , we are pleased to release the update capturing the key amendments proposed by Finance Bill 2012, in Service Tax provisions of Indian Indirect Tax Law.
The key highlights of the major changes suggested are as follows:
Introduction of Negative List.
Changes in the rate of tax.
Changes in Valuation Rules.
Point of Taxation Rules amended.
We hope this makes for an interesting and informative read.
Presentation on service tax Act 1994, for undergraduate commerce students of Goa University. Includes historical background, year wise tax collection e for last 20 years and procedural aspect of service tax Act 1994 with latest amendments are covered.
There are so many changes done by Finance Bill, 2016 in various Act's. Provisions for service tax has also been amended or proposed to be amended. This budget was much awaited because a massive change is awaiting in the form of GST. Looking, to the large number of changes, we have consolidated changes with respect to Service tax in one presentation. Changes are classified according to subject in order to ensure ease of understanding.
Meaning of the term "Service" in Service tax as per Finance Act, 1994Abhinav Chhabra
A comprehensive analysis of the definition of the term "Service" as per Finance Act, 1994. This presentation will guide about what all are the services that can be liable to service tax subject to other provisions of the Finance Act, 1994.
Hello Friends ,
This slides contains
1) Service Tax Amendments Finance Act 2016
2) CENVAT Rules Amendments Fiance Act 2016
3) Case Laws-
a) No Service Tax on FLats where value of land is included.
b) No Service Tax Audit by Departmental Person
Service tax continues to be a complex tax law. The makers of law, in effort to project GST as the future law, preferred to ignore the agony of the tax payer in its current form.
The way things are moving GST is not slated to be a better tax law and shall give more pain than relief. The debate on GST is going to be a long battle. Advisable to digest the present service tax law as in all probability it would form basis for the new law.
There are so many changes done by Finance Bill, 2016 in various Act's. Provisions for service tax has also been amended or proposed to be amended. This budget was much awaited because a massive change is awaiting in the form of GST. Looking, to the large number of changes, we have consolidated changes with respect to Service tax in one presentation. Changes are classified according to subject in order to ensure ease of understanding.
Meaning of the term "Service" in Service tax as per Finance Act, 1994Abhinav Chhabra
A comprehensive analysis of the definition of the term "Service" as per Finance Act, 1994. This presentation will guide about what all are the services that can be liable to service tax subject to other provisions of the Finance Act, 1994.
Hello Friends ,
This slides contains
1) Service Tax Amendments Finance Act 2016
2) CENVAT Rules Amendments Fiance Act 2016
3) Case Laws-
a) No Service Tax on FLats where value of land is included.
b) No Service Tax Audit by Departmental Person
Service tax continues to be a complex tax law. The makers of law, in effort to project GST as the future law, preferred to ignore the agony of the tax payer in its current form.
The way things are moving GST is not slated to be a better tax law and shall give more pain than relief. The debate on GST is going to be a long battle. Advisable to digest the present service tax law as in all probability it would form basis for the new law.
Scope and relevance of ‘government’ for service tax - Dr Sanjiv AgarwalD Murali ☆
Scope and relevance of ‘government’ for service tax - Dr Sanjiv Agarwal - Article published in Business Advisor, dated April 25, 2015 http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Service tax pdf e book - 8th edn- ca pritam mahureNovojuris
This is the 8th Edition of the e-book on Service Tax (incorporating changes upto 14 January 2014) - Created and collated by Pritam Mahure.
The e-book contains:
- Amended legal provisions alongwith recent judicial precedences
- Forewords by Shri V K Garg (Ex-Joint Secretary, TRU)
- Amended Service Tax legal provisions, Notifications, Circulars etc.
- Applicable provisions of Constitution of India
The following Presentation enumerates the various provisions w.r.t. ITC, how it can be used,eligibilty and conditions for claiming ITC along with various case studies and illustrations. further, it elaborates the concept of input service distributor.
Effect of Budget (Central & State), 2015 on Construction/Project Sectorsandesh mundra
Compilation of changes made in Union Budget and major States Budget is made keeping in mind the Construction Sector. Emphasis is given to changes in Indirect taxes. The impact of every amendment is established and explained. Complications or confusions arising because of amended provisions has been highlighted in order to treat those issues with caution. To make the understanding more clear, at places comparison of previous provisions and amendments has also been made.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
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students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
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Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
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The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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http://sandymillin.wordpress.com/iateflwebinar2024
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The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
6. INDEX
6
1)Basic concept of service tax ………………………. 7-8
2)Genesis of service tax in India …………………… 9
3)Service tax on services ……………………………. 10-11
4)Approaches of service tax ………………………... 11
5) levy of service tax …………………………………….. 12
6)Meaning of service tax ……………………………. 13-15
7)Negative list …………………………………………….. 16-23
8)Conclusion ………………………………………………. 26
9)Bibliography ……………………………………………. 27
7. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
7
SERVICE
TAX
8. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
8
ENTRY NO. ITEMS
92C TAXES ON SERVICES
97 ANY OTHER MATTER NOT INCLUDED IN LIST II OR LIST III
(LEVY OF SERVICE TAX THROUGH FINANCE ACT,1994)
NOTE:- Although the Govt. has amended the constitution
and inserted entry no. 92C but no separate Act has been
passed yet and service tax is still being governed by entry 97
i.e. Residuary Entry
Service tax is governed and administered by the Central
Board of Excise and Custom (CBEC)
List I UNION LIST
9. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
9
GENESIS OF SERVICE TAX IN INDIA
• The tax reform committee headed by Dr. Raja J. chelliah
recognized the revenue potential of the service sector in
India and recommended imposition of “Service Tax”.
• Based on these recommendation, Dr. Manmohan Singh, the
Union Finance Minister, in his Budget Speech for the year
1994-95 introduced the new concept of “SERVICE TAX”.
10. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
10
Service Tax on Services
•The introduction of the service tax was under the
Residuary entry of the constitution and as such, could
not be brought through a separate enactment.
•Therefore the Service tax was levied under chapter V
of the Finance Act, 1994
•It was introduced for the first time on following Three
Services :-
1.Telephone facility
2.Stock Broker
3.Non-life Insurance
11. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
11
• Subsequent finance act have added more and more
services Tax purpose. As such,119 services were
chargeable to service Tax till 30-06-2012
Approach Comprehensive Approach Selective Approach
Taxation of
Services
1. Taxation of all services
2. Negative list Is given in
case some services are
to be exempted.
1. Selective services are
subject to service
tax.
2. Coverage of activities
is specific to each
service.
Time period This approach has been
adopted w.e.f 01-07-2012,
with the introduction of
the Negative list as part of
Finance Act 2012
Was in effect till 30-6-
2012
APPROACHES TO SERVICE TAX
12. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
12
Levy of Service Tax
• Levy of Service Tax extends whole of India except Jammu
and Kashmir
1. Service tax is Destination based and service is taxable only
if provided in Taxable Territory.
2. The levy of service tax extends whole India except J&K.
The following are the observation in this regard-
a) Services rendered in J&K, will not be liable to Service tax.
b) Services rendered by a person established in J&K, but
rendered outside the state is liable to Service Tax.
3. Import of services is also liable to service tax in this case
liability to pay service tax is on service receiver.
4. Export of services to a country outside India is not taxable.
13. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
13
Meaning of SERVICE
“SERVICE” MEANS ANY
1)ACTIVITY CARRIED OUT BY
2)A PERSON FOR ANOTHER, FOR
3)CONSIDERARTION
SPECIFIC EXCLUSIONS:-
a)Mere transfer of title in goods, movable or immovable
b)Mere Delivery or supply of any goods which is Deemed to be
a sale.
c)A transaction in money or actionable claim.
d)A provision of service by an employee to the employer in
course of or in relation to his employment.
e)Fees taken in any Court or Tribunal established under any law
for the time being in force.
14. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
14
1st
Condition – ACTIVITY
In term of common understanding the word activity would
include:-
a)An act done,
b)Work done,
c)An operation carried out,
d)Execution of an act,
e)Provision of a facility, etc.
Note:- Activity could be Active or passive.
2nd
Condition – SERVICE SHOULD BE PROVIDED BY
A PERSON TO ANOTHER.
NOTE:- Self consumption of service is not liable for service
tax.
15. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
15
3rd
condition – CONSIDERATION
“Consideration” means everything received or
recoverable in return for a provision of service.
Consideration includes any amount that is payable for the
taxable services provided or to be provided.
Form :- consideration may be monetary or Non monetary
1). Monetary consideration means in money
2). Non – monetary consideration means compensation in
kind.
66B Charge of Service Tax
The effective rate of Service tax is 12.36%.
16. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
16
NEGATIVE LIST (Section 66D of the
Finance Act, 1994)
(A) SERVICE PROVIDED BY GOVERNMENT OR A LOCAL
AUTHORITY
Service provided by a Govt. shall not be liable to service tax. However, the
following service provided by a Govt. shall be taxable.
i) Service provided (other than to Govt.) by the Department of Post by way
of-
a) Speed post,
b) Express parcel post
c) Rural postal life insurance
d) Agency service include distribution of mutual fund, bonds etc.
ii) Services in relation to an AIRCRAFT OR A VESSEL,
iii) TRANSPORT OF GOODS OR PASSENGER
iv) SUPPORT SERVICES
17. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
17
(B) SERVICES PROVIDED BY THE RESERVE BANK OF INDIA
Any service provided by the RBI to any person is not liable to service tax.
However, Services provided to RBI are not in negative list and would be
taxable.
(C)ALL SERVICES PROVIDED BY A FOREIGN DIPLOMATIC MISSION/
UNITED NATION / SPECIFIED INTERNATION ORGANISATION
LOCATED IN INDIA
(D) SERVICES RELATING TO AGRICULTURE
Services relating to Agriculture or agriculture produce by way of-
i)Agriculture operation
ii)Supply of farm labor
iii)Process carried out an agriculture farm including tending, pruning, cutting,
harvesting, drying, cleaning, trimming, sun drying, fumigating, curing, sorting,
grading, cooling, or bulk packaging.
iv)Renting or leasing of agro machinery or vacant land with or without a
structure incidental to its use,
18. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
18
vi) Agriculture extension service,
vii) Services by any Agriculture produce Marketing committee or
Board or services provided by a COMMISSION AGENT for sale
or purchase of Agriculture produce;
Meaning of “AGRICULTURE”:- Agriculture means the
cultivation of plant and rearing of all life-forms of
animals,(EXCEPT THE REARING OF HORSE) for food, fuel,
raw material, or other similar products.
Meaning of “AGRICULTURE EXTENSION” :- Agriculture
extension means application of scientific research and
knowledge to agriculture practices through farmer
education or training.
19. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
19
(E) TRADING OF GOODS
Goods which are purchased and sold are not liable to service
tax.
Negative list contains the entry trading of goods and not the
services provided in relation to trading of goods.
TAXABLE:- activities of a commission agent or a clearing and
forwarding agent who sell goods on behalf of another for a
commission are not in the nature of trading of goods and
hence such services provided by the agent shall be liable for
service tax.
(F) ANY PROCESS AMOUNTING TO
MANUFACTURE OR PRODUCTION OF GOODS
Any process amounting to manufacture or production of goods on which
excise duty is leviable under the Central excise act will not be liable to
service tax.
20. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
20
(G)Selling of space or time slots for
advertisement other than advertisements broadcast
by radio or television.
TAXABLE:- 1) Service provided by advt. agencies relating to
making of advts.
2) Mare canvassing for advt. for publishing on a commission
basis.
(H)On payment of toll charges
Service provided by way of access to a road or a bridge on
payment of toll charges shall not be liable to service tax
whether the road national highway or state highway.
(I)Betting, gambling or lottery
Taxable:- Auxiliary services that are used for organizing betting or
gambling events.
21. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
21
(J)Admission to entertainment events or
access to amusement facilities.
Taxable:- Auxiliary services provided by a person for organizing an
entertainment events.
(K)Transmission or distribution of electricity
by an electricity transmission or distribution utility
Taxable:- Services provided by way of installation of genets' or similar
equipment by private contractor for distribution of electricity does not
fall in the negative list and hence would be liable to service tax.
22. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
22
(M)Services by way of renting of residential
dwelling for use as residence.
Taxable:- It does not includes hotel, motel, guest house, lodge, house boat or like
places meant for temporary stay, office etc.
(N)A few financial services like deposits, loans
advance, foreign currency sale or purchase by banks or
authorized dealers etc.)
(O)Service of transportation of passengers, with
or without accompanied belongings.
23. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
23
(L)A few of services relating to education.
(P)Services by way of transportation of goods.
The following services provided by way of
transportation of goods shall not be liable to service
tax.
i)By road except the services of –
a) a goods transportation agency,
b) a courier agency
ii)By an aircraft or a vessel from a place outside India to the
first custom stations of landing in India,
iii)By inland waterways
25. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
25
Due date for payment :- 1) any person other than an individual or
proprietary firm or partnership firm. => 5th
/ 6th
(in case of e-payment)
day of the month immediately following the calendar month. For march
31st
March.
2) An individual or partnership firm => 5th
/6th
(in case of e-payment) day
of the month immediately following the quarter. For march 31st
March.
26. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
26
CONCLUSION
Service tax is a tax governed and administered by the
Central Board of Excise and Customs (CBEC) Which is
under the control of Department of Revenue,
Ministry of Finance.
Service tax is levied on all services except Exclusion,
Negative list, Mega Exemption notification,
Abatement.
Service tax levied on whole India except Jammu and
Kashmir.
27. Submitted By :- SACHIN KUMAR
Regn. No. CRO 0502131
27
BIBLIOGRAPHY
• God
• Parents
• Sonali mam
• IPCC Study material
• Service tax notes
• Internet