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Difference

225 views 2 replies

Jayesh Rathor

Student

55 Points Joined February 2016

I am confused in the difference between Negative List (66D) and Mega Exemption Notifications 25/2015 that when to say that particular service is exempted and the treatment for the same If possible please try to give an example Thank You

Replies (2)

CA Mukesh Choudhari

xyz

153 Points Joined November 2010

the services mentioned under negative list are non taxable service which means they are out of coverage of service tax. Under this 17 services have been mentioned and any change in this list can be done only through amendment in finance Act 1994 Under this services mentioned are taxable, but exemption is provided through notification 25/2012. Under this 39 services have been mentioned and any change can be done through Notification.