Further, the Following new Sections have been inserted for governing the Service Tax Legislature:- 1. Section 65 — Definition of Taxable Service 2. Section 65A — Classification of Taxable service 3. Section 66 -Charge of Section Tax 4. Com Hons Email: bimaljain hotmail. Join our Whatsapp group. Recent Articles. How to prepare for exams - Upraising your preparation strategy.
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User Name. Remember Me Forgot Password? Alternatively, you can log in using: Login with Facebook. Login with Google. Site Search. A short summary of this paper. Download Download PDF. Translate PDF. At the inception, only three services were taxable which gradually rose to taxable services by Finance Act, Government had earned the revenue of Rs.
In Service Tax Law attains majority, not only by its age of 18 years but also by its scope which has been enlarged w. Significance of Classification of Services is washed away but Interpretation Rules were introduced in its place. Provisions of Reverse Charge Mechanism has been widened by bringing more services under its net.
But now chargeability of service tax has been shifted from Positive List to Negative List of approach. Such service is not mentioned in Negative List. Such service is provided or agreed to be provided in Taxable Territory.
Additionally, Thirty Nine types of services have been exempted from service tax Such service isvide Notification provided No. Place of Provision of Service Rules applies w. In terms of Rule 3, generally the place of provision of any service is the location of Specific Rule Service Receiver.
Location of an Establishment where services are being used; otherwise, has been 3. If services are used at more obtained. Usual Place of residence of service receiver. It can be HO, Factory or workshop.
Until March, service tax liability arose only after receipt of payment from service receiver but since April, it has been shifted from cash basis to accrual basis. Point of Taxation Rules, were introduced w. In this case, point of taxation shall be and the effective rate of tax at such point shall be applied i. However, if payment is not made to service provider within six months from the date of invoice then POT shall be deemed to be the date of invoice of input services.
Cases where services are received from an associated enterprises located outside India, POT shall be the date of debit in books of accounts POT Rules of service receiver or date of payment whichever is earlier.
Prior to July, section 65A of the Act provides the principles for classification of service based on which services are to be classified under clauses of section 65 of the Act. Now w. Rule: 1 Input services used for providing main service shall not infer its taxability Eg.
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