Introduction

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..... began once again on the back of some policy initiatives and Service Tax contributed Rs. 97, 444 crore during 2011-12, an increase of nearly 37% over the previous year. While the revenue expectations were often exceeded in all these years the administrative challenge began to assume unmanageable proportions. The newer additions to the list of services often raised issues of overlaps with the previously existing services, confounding both sides as to whether some activities were taxed for the first time or were already covered under an earlier, even if a little less specific head. There was also a near unanimity across a wide section of thinkers that potential of service tax remained huge and largely untapped. Part of the problem ident .....

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..... me. 1.3 What is the key to using this Guide? The guide consists of a number of Guidance Notes. Each of the notes deals with a specific topic relating to the negative list. The list of these educational notes is as follows- Guidance Note 1 Introduction Guidance Note 2 What is 'service'? Guidance Note 3 Taxability of a 'service' Guidance Note 4 Negative List Guidance Note 5 Place of Provision of Service Guidance Note 6 Declared Services Guidance Note 7 .....

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..... In addition to the services specified in the negative list, certain exemptions have been given. Most of the exemptions have been consolidated in a single mega exemption for ease of reference. Principles have been laid down in section 66F of the Act for interpretation wherever services have to be treated differentially for any reason and also for determining the taxability of bundled services. The system of valuation of services for levy of service tax and of availment and utilization of Cenvat credits essentially remains the same with only incidental changes required for the new system of taxation. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanage .....

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