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Significant Notifications and Circulars in Service Tax Applicable for IPCC Exams

Significant Notifications and Circulars in Service Tax Applicable for IPCC Exams

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Published by Sandeep Rules
service tax
service tax

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Published by: Sandeep Rules on Jun 08, 2013
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06/08/2013

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SIGNIFICANT AMENDMENTS MADE THROUGH NOTIFICATIONS/CIRCULARS ISSUEDBETWEEN 01.07.2011 TO 30.06.2012 A. NEW EXEMPTIONS/AMENDMENTS IN/WITHDRAWAL OF EXISTING EXEMPTIONS1. Rate of service tax restored to 12%
 As per section 66, the charging section under earlier regime, rate of service tax was 12%of the value of taxable services. However, the rate of service tax was reduced to 10%vide
Notification No. 8/2009 ST dated 24.02.2009.
With effect from 01.04.2012,
Notification No. 02/2012-ST dated 17.03.2012 
 
rescindedthe said notification and the rate of service tax was restored to 12% for the periodbetween 01.04.2012 to 30.06.2012.With effect from 01.07.2012, new charging section, section 66B has come into effect.The rate of service tax is 12% as per the new charging section also.
2. Rescission of the earlier Notifications
With the introduction of negative list approach of taxation of services, a large number of earlier notifications which were either not in line with the new provisions or which havebeen subsumed in mega exemption or abatement notification or a new notification hasbeen issued, have been rescinded
vide
 
Notification No. 34/2012-ST dated 20.06.2012.
 The rescinded notifications have been tabulated as under:-
S.No. Notification No. Description of the Notification
1. 45/2011-ST dated 12-09-2011 Exemption to the taxable servicesprovided to any business entity, by anarbitral tribunal, in respect of arbitration.2. 33/2011-ST dated 25-04-2011 Exemption to preschool coaching andtraining and coaching or training relatingto educational qualifications that arerecognized by law
.
 3. 31/2011-ST dated 25-04-2011 Exemption to accommodation serviceswhen the declared tariff for providing of such accommodation is less than
`
1000 per day4. 30/2011-ST dated 25-04-2011 Exemption to health services5. 11/2011-ST dated 01-03-2011 Exemption to works contract serviceprovided wholly within a port/other portfor construction, repair, alteration andrenovation of wharves, quays, docks,stages, jetties, piers and railways.6. 10/2011-ST dated 01-03-2011 Exemption to works contract serviceprovided wholly within an airport and
 
 
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classified under erstwhile section65(105)(zzm)7. 09/2011-ST dated 01.03.2011 Exemption to the transport of goods byair service to the extent air freight isincluded in the customs value of goods.8. 08/2011-ST dated 01-03-2011 Exemption to services of transportationof goods by air/road/rail provided to aperson located in India when the goodsare transported from a place outsideIndia to a destination outside India9. 07/2011-ST dated 01-03-2011 Exemption to the general insuranceservice provided under “RashtriyaSwasthya Bima Yojna”10. 06/2011-ST dated 01-03-2011 Exemption to works contract servicerendered for carrying out constructionservices under Jawaharlal Nehru UrbanRenewable Mission (JNURM) and Rajiv Awaas Yojana11. 05/2011-ST dated 01-03-2011 Exemption to business exhibition heldoutside India12. 58/2010-ST dated 21-12-2010 Exemption to the general insurancebusiness provided under the Weather Based Crop Insurance Scheme or theModified National Agricultural InsuranceScheme13. 53/2010-ST dated 21.12.2010 Exemption to packaged/canned softwarefrom service tax on specified taxableservice when excise/customs duty ispaid14. 50/2010-ST dated 08-10-2010 Exemption to persons marketing lotterytickets to authorized Distributors/Selling Agents opting for the optionalComposition Scheme15. 47/2010-ST dated 03-09-2010 Exemption to outdoor Catering for Mid-Day Meal Scheme16. 42/2010-ST dated 28-06-2010 Exemption to commercial or IndustrialConstruction provided wholly within theairport17. 41/2010-ST dated 28-06-2010 Exemptions to cargo handling agencyand storage or warehouse keeper inrespect of agricultural produce, air 
 
 
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transport of export goods and siteformation and clearance, excavation andearthmoving and demolition and suchother similar activities when providedwholly within port/airport18. 38/2010-ST dated 28-06-2010 Exemption to commercial or industrialconstruction of wharves, quays, docks,stages, jetties, piers and railways withinthe port19. 32/2010-ST dated 22-06-2010 Exemption to taxable services providedfor distribution of electricity20. 31/2010-ST dated 22-06-2010 Exemption to specified services providedwithin a port or an airport21. 30/2010-ST dated 22-06-2010 Exemption to the sponsorship servicesprovided for tournaments/championships organised by specifiedbodies22. 28/2010-ST dated 22-06-2010 Exemption to construction of complexservice in relation to Jawaharlal NehruNational Urban Renewal Mission andRajiv Awaas Yojana23. 27/2010-ST dated 22-06-2010 Exemption to air journeysoriginating/terminating in North-EasternStates24. 25/2010-ST dated 22-06-2010 Exemption to air transport of persons intransit in the course of international journey who have not passed throughimmigration25. 23/2010-ST dated 29-04-2010 Exemption to the commercial training or coaching centre services provided inrelation to “Modular Employable Skillcourses”26. 13/2010-ST dated 27-02-2010 Exemption provided to Indian News Agencies subject to specified conditions27. 12/2010-ST dated 27-02-2010 Exemption to certain services providedin relation to erection, commissioning or installation28. 11/2010-St dated 27-02-2010 Exemption to transmission of electricity29. 10/2010-ST dated 27-02-2010 Exemption to Central and State SeedTesting Laboratories, and Central and

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