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TMI BlogUnion Budget 2013: Changes in Service Tax-reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... the Finance Act, 1994 : 1. There are following changes in relation to the negative list: (i) The definition of approved vocational course in section 65B(11) is being proposed to be changed to: a) include courses run by an industrial training institute or an industrial training centre affiliated to State Council for Vocational Training; and b) delete clause (iii) dealing with courses run by an institute affiliated to the National Skill Development Corporation. (ii) The definition of process amounting to manufacture or production in section 65B(40) is being expanded to include processes under the Medicinal and Toilet Preparations (Excise Duties) Act, 1955 (iii) The negative list entry in sub-clause (i) of clause (d) of se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... providers to pass on input tax credits to taxable end-users; (iii) Exemption under S. No 19 will now be available only to non air-conditioned (non-centrally air-heated) restaurants; the dual requirement earlier that it should also have a license to serve alcohol is being done away with; (iv) The exemptions available to transportation of goods by railway and vessel under S. No 20 and services provided by a goods transportation agency (GTA) under S. No.21 are being harmonized. Thus exemption to transportation of petroleum and petroleum products, postal mails or mail bags and household effects by railways and vessels will not be available while the benefit of transportation of agricultural produce, foodstuffs, relief materials for specifie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or summon or by way of audit; (ii) The defaulter will be required to make a truthful declaration of all his pending tax dues (from October1, 2007 to December 31, 2012) and pay at least half of that before December 31, 2013; remaining half to be paid by: (a) June 30, 2014 without interest; or (b) By December 31, 2014 with interest from July 1, 2014 onwards; (iii) On compliance with all the requirements the person will have immunity from interest (as specified), penalties and other proceedings; 6.2 The scheme will come into force when the Finance Bill is enacted. It is clarified that the tax-payers will need to settle their dues for the period after December 31, 2012 under the present law. E. Advance Ruling Authority 7. The ben ..... X X X X Extracts X X X X X X X X Extracts X X X X
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