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Updated on 01-02-2016 Levy of Service Tax has been introduced by insertion of article 268A in the Constitution of India. The provisions relating to Service Tax were brought into force with effect from 1st July 1994. It extends to the whole of India except the state of Jammu & Kashmir. Service Tax is administered by the Central Excise & Service Tax Commissionerates and the Service Tax Commissionerates working under the Central Board of Excise & Customs (CBEC), Department of Revenue, Ministry of Finance, Government of India. With effect from 1.07.2012, Service Tax regime based on negative list has been introduced. Charge of Service Tax:
Currently,taxable services are:
1.Services covered under section 65B(44):
2.Services that do not form part of Negative List:
3. Declared Services:
4.Services that are not exempted under Mega Exemption Notification(s):
Since then, there have been eleven amendments in the said mega exemption notification.These amendments (latest to past) as under:
Notification No. 20/2015
Notification No. 12/2015
Notification No. 06/2015
Notification No. 17/2014
Notification No. 06/2014
Notification No. 04/2014
Notification No. 14/2013
5.Services that are not exempted under a specific Notification: |