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TMI BlogUnion Budget 2016: Changes in Indirect Tax - Service Tax & ExciseX X X X Extracts X X X X X X X X Extracts X X X X ..... Union Budget 2016: Changes in Indirect Tax - Service Tax & Excise - By: - Bimal jain - Budget - Dated:- 5-3-2016 - - Dear Professional colleague, The Hon ble Finance Minister Shri Arun Jaitley an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nounced a host of changes in the Indirect tax structure in the Union Budget 2016-17 on February 29, 2016, that are expected to impact the Trade and Industry. Under Service tax, on one hand, the effect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ive rate of Service tax would go up to 15% w.e.f June 1, 2016 with the introduction of Krishi Kalyan Cess at 0.5% on the value of all taxable services, on another hand, some of the exemptions, which w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ere hurriedly withdrawn during the last two years, have been reinstated with complete clarity refund mechanism. Further, there are many changes in the Negative list, Exemption list, Reverse Charge a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd Abatement Notification also. As an endeavour to summarise all the important changes in the arena of Service tax for easy digest, Mr. Bimal Jain has recorded a video titled Union Budget 2016: C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hanges in Indirect Tax - Service Tax Excise , discussing the flurry of changes proposed by the Union Budget 2016-17 and their likely impact. Please find below the link for the video. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x ..... X X X X Extracts X X X X X X X X Extracts X X X X
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