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Taxation of Services: An Education Guide TRU, Central Board of Excise & Customs, Department of Revenue, Ministry of Finance June 20, 2012 1. Introduction 1.1 Background The journey of taxation of services began by selective taxation of just three services on July 1, 1994. The first year collections now appear a very modest at Rs 407 crore.
Taxation of Services an Education Guide by CBEC. Chapters / List. Preface. Introduction. What is Service? Taxability of services. Negative List of Services. Place of Provision of Services.
introduction of new rules for taxation of services necessitate a guide that gives a bird’s eye view of all relevant provisions of service tax law. This publication is an attempt to be facilitator and a reference guide to the current law. The provisions reproduced in this publication are current as on 30th November 2013.
This guide is aimed at educating the tax payers and the tax administrators on various aspects of the new concept in order to assist them in gaining better understanding about the new system of taxation.
attention to Service tax, which is an exciting phenomenon amongst the indirect taxes. The Service tax net is rapidly expanding and it promises a robust future. This book here provides an insight into the major provisions of the Finance Act 1994, updated with changes upto 10
A comprehensive guide titled "Taxation of Services: An education guide" is also available on the website which covers the Negative lists and other changes w.e.f 01-07-2012. Open House sessions, Seminars etc. are also organized by the field formations to help the assesses and solve their problems.
The comprehensive taxation of services, that appeared a pipedream less than a year back, is now ready to be implemented. In perhaps the most transparent exercises in Indian budget making, the idea of the Negative List originated in the first concept paper in August, 2011.
