Thursday, July 16, 2015

SERVICE TAX

Amendments to be effective from a date to be notified after passing Finance Bill
  • Service tax on sale of space or time for advertisements on print media only continues to be in negative list.
  • Service tax to be levied on services provided by radio taxis or radio cabs whether or not air conditioned. Abatement of 60% of gross amount available with the condition that CENVAT credit of inputs or capital goods or input services has not been availed.

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