TMI BlogSERVICE TAX - BUDGET HIGHLIGHTSX X X X Extracts X X X X X X X X Extracts X X X X ..... SERVICE TAX - BUDGET HIGHLIGHTS - By: - Brijesh Verma - Service Tax - Dated:- 28-2-2011 - - No change in Service Tax Rate No Change in threshold limits Import of services have been rationaliz ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed Cenvat Credit Rules have been suitable amended to harmonize Input and Output Services Penal provisions have been rationalized Point of taxation Rules have been introduced Certain New Servic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e have been introduced Hotel having daily tariff Rs. 1000 (with abatement of 50%) AC Restaurants serving Liquor (with abatement of 70%) All services of hospitals having 25 Beds (with abateme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt of 50%) Diagnostic Services (with abatement of 50%) Legal Service has been amended to: provided by Individuals to Business Entity Individual to BE (in relation to representation and Arbi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tration) Rule 6 of Cenvat Credit Credit Rules is being Streamlined Individuals/Sole Prop having or = 60 Lakhs no need for Audit by Department Individuals/Sole Prop having or = 60 Lakhs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Interest on delayed payment @10% Budget documents are yet to be seen....so any mistake in figures may please be condoned.... - - Scholarly articles for knowledge sharing authors experts profe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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