25 June 2013
Only services by way of training or coaching in recreational activities relating to arts, culture or sports are exempt from service tax under exemption notification no. 25/2012-ST. Events and exhibition is not exempt from service tax.
25 June 2013
1) ok thanks. so what about the positive list heads under sec 65 (105)? Does it still hold relevance or is sec 65(105) scrapped after negative list approach wef 01/07/2012?? Is Event management now not a specifically specified service due to cessation of Sec 65 (105)??
2) Also, what about the various Accounting heads to be used now as the accounting codes remain the same for return filing purpose?
CAclubindia
