kumar hattanna (Officer - Excise) (525 Points)
23 July 2014Please explain me in brief about the reason of the following notificaitons.
And aslo please let me know the Notification No. for the Negative List of service tax.
Please help me; I am newer for service tax.
Regards
Kumar
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 23 July 2014
1.Notification No:25/2012-Mega exemption notification
-contain all cases in which various services are exempted from Service tax
2.Notification No.26/2012-Abatement Notification
-contain a list of services on which abatement(partial exemption ) is avaiable with T&c of availing the same.
3.Notification No.30/2012
-contains the list of services where liabliity to pay tax is on service receiver or partly on both s.rec & provider..
There is no notification w.r.t Negative list of services
The -ve services are contained in Sec 66D of Finance Act(ST),1994.
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