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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
Copyright:Attribution Non-commercial


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 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or which havebeen subsumed in mega exemption or abatement notification or a new notification hasbeen issued, have been rescinded
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 The rescinded notifications have been tabulated as under:-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
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 
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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