To provide a level playing field to Indian service providers, the exemption given to service providers located in foreign territory but providing taxable online information and database access or retrieval [OIDAR] services including electronic services in India, is being withdrawn with effect from 1st December, 2016

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..... To provide a level playing field to Indian service providers, the exemption given to service providers located in foreign territory but providing taxable online information and database access or retrieval [OIDAR] services including electronic services in India, is being withdrawn with effect from 1st December, 2016 - News and Press Release Dated:- 12-11-2016 - News - With a view to provide a le .....

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..... vel playing field to Indian service providers providing taxable online information and database access or retrieval [ OIDAR ] services including electronic services in India, the exemption to such services provided in India by service providers located in foreign territory is being withdrawn with effect from 1 st December, 2016. Thus cross border business to consumer [B2C] OIDAR services provid .....

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..... ed by a foreign service provider to a person in India will become taxable from 1 st December, 2016 onwards. The salient features of this levy are as under: A simplified online mechanism of taking registration has been prescribed and registration will be deemed to be granted online on submission of registration application. A simplified mechanism of online payment of taxes and online .....

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..... filing of returns is being prescribed. A detailed Circular No. 202/12/2016-Service Tax dated 09.11.2016 has been issued by CBEC, explaining the likely issues arising from the withdrawl of this exemption. Useful links: 1) http://www.cbec.gov.in/ServiceTax-Notifications 2) http://www.cbec.gov.in/htdocs-servicetax/st-circulars/st-circulars-2016/st-circ-202-2 .....

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..... 016 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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