9911796707
TMI BlogNotes on clauses - Service taxX X X X Extracts X X X X X X X X Extracts X X X X ..... provide that the provisions of that section shall not apply with effect from such date as the Central Government may, by notification, appoint. Sub-clause (C) seeks to insert a new section 65B with effect from such date as the Central Government may, by notification, appoint so as to define the following expressions-- actionable claim, advertisement, agriculture, agricultural extension, agricultural produce, Agricultural Produce Marketing Committee or Board, aircraft, airport, amusement facility, Appellate Tribunal, approved vocational education course, assessee, associated enterprise, authorised dealer of foreign exchange, betting or gambling, Board, business entity, Central Electricity Authority, Central Transmission Utility, courier a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or agreed to be provided in the taxable territory by a person to another. Proposed section 66C seeks to empower the Central Government to make rules to determine the place of provision of service having regard to the nature and description of various services. Proposed section 66D seeks to specify the following list of services as the negative list:-- (a) services by Government or a local authority excluding the following services to the extent they are not covered elsewhere,-- (i) services by the Department of Posts by way of speed post, express parcel post, life insurance and agency services provided to a person other than Government; (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of a port ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by way of access to a road or a bridge on payment of toll charges; (i) betting, gambling or lottery; (j) admission to entertainment events or access to amusement facilities; (k) transmission or distribution of electricity by an electricity transmission or distribution utility; (l) services by way of-- (i) pre-school education and education up to higher secondary school or equivalent; (ii) education as a part of a curriculum for obtaining a qualification recognised by law; (iii) education as a part of an approved vocational education course; (m) services by way of renting of residential dwelling for use as residence; (n) services by way of:-- (i) extending deposits, loans or advances in so far as the consideration is rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er any other law for the time being in force. Before initiating proceedings on the basis of the report, a reasonable opportunity of being heard shall be given to the service tax assessee so audited. This amendment will take effect from the date on which this Bill receives the assent of the President. Sub-clause (K) seeks to amend section 73, with a view to increase the period of issue of notice from one year to eighteen months. It is further proposed to insert sub-section (1A) with a view to provide that where a notice or notices have been served under sub-section (1), service of a statement of details of service tax not levied, or not paid or short levied or short paid or erroneously refunded, on the person chargeable with service tax, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the President. Sub-clause (O) seeks to amend section 86 with a view to provide for the period of limitation for filing appeal before the Tribunal as four months from the date of receipt of order by the Committee of Chief Commissioners or Committee of Commissioners. The period of limitation extended by this sub-clause shall be applicable for all decisions or orders passed after the date on which the Finance Bill, 2012 receives the assent of the President. This amendment will take effect from the date on which this Bill receives the assent of the President. Sub-clause (P) seeks to amend section 88 to substitute the word 'duty' with the word 'tax'. This amendment will take effect from the date on which this Bill receives the assent of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rnment to issue orders for removal of difficulty in case of certain provisions inserted by the proposed legislation in this Chapter, up to two years from the date of enactment of the Finance Bill, 2012. This amendment will take effect from the date on which this Bill receives the assent of the President. Sub-clause (V) seeks to amend sub-section (2) of section 96C so as to substitute clause (e) thereof to provide for admissibility of credit of duty or tax in terms of rules made in this regard. This amendment will take effect from the date on which this Bill receives the assent of the President. Sub-clause (W) seeks to insert section 97 and 98, with a view to extend service tax exemption retrospectively for repair of roads and non-co ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
