9911796707
TMI BlogBudget 2012-2013 - Amendments in Service TaxX X X X Extracts X X X X X X X X Extracts X X X X ..... Budget 2012-2013 - Amendments in Service Tax X X X X Extracts X X X X X X X X Extracts X X X X ..... (Notifications as amended available on www.taxmanagementindia.com) Sr. No. Particulars Old Provisions New Provisions Effective Date 1. Common facility set-up for treatment and recycling of ef ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fluents and solid waste with financial assistance from the central or state government. ST ntf. 1/2012 amends ntf 42/2011 Only dying unit's club or association were eligible All club or association ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are eligible 17-3-2012 2. Effective Rate of Service Tax ST nft. 2/2012 rescinds nft. 8/2009 10% 12% 1-4-2012 3. Exemption upto Rs. 10 Lacs in case small service provider - amends the term "A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ggregate value" instead of "aggregate value not exceeding ten lakh rupees" Nft. 5/2012 amends nft. 6/2005 Changes corresponding to POT Rules, 2011 1-4-2012 4. Exemption in relation to air passeng ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er transport Nft. 6/2012 supersedes nft. 26/2012 Economy class within India - maximum Rs. 150 Outgoing international - maximum Rs. 750 All Class Exemption 60% Levy of ST on 40% 1-4-2012 5. R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ail Transport
Notification no. 7/2012, 8/2012 & 9/2012
Exemption extended upto July 1, 2012
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6.
Rate of ST on works contract - composition scheme
4%
4.8%
1-4-2012 X X X X Extracts X X X X X X X X Extracts X X X X ..... nowledge sharing by authors, experts, professionals ..... X X X X Extracts X X X X X X X X Extracts X X X X
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