Tag: Service Tax Updates

Notification: Service tax only in AC restaurants, Effective rate 5.6%

June 15, 20150 Comments

Service tax is a tax which is payable on services provided by service provider. It is like Excise duty. Excise duty is payable on the goods which are manufactured. As same as service tax is payable on services. Service tax is taken by the government. The service provider collects tax from the customer and deposit […]

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Revised Negative List of Service Tax for 2013-14 (Section 66D)

June 6, 201355 Comments

The charging section of the Finance Act, 1994, Section 66B provides that service tax should be levied on all services except the services which are specified in Section 66D of the said Act. As per Section 66D of the Financial Act, 1994, Negative list of Service Tax for 2013-14 is given here which is revised […]

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