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TMI BlogChanges to give effect of implementation of Paradigm shift in Taxation of Services – New NotificationsX X X X Extracts X X X X X X X X Extracts X X X X ..... Changes to give effect of implementation of Paradigm shift in Taxation of Services – New Notifications X X X X Extracts X X X X X X X X Extracts X X X X ..... -Budget 2012 by way of either rescinding or amending old Notifications including some of recently issued Notifications during the time of Budget 2012 i.e. 17th March, 2012, which were supposed to come into force from the date on which the new Section 66B (the new charging Section) i.e. 1st July 2012 Quick glance of Notification issued yesterday:- * Notification No. 28/2012-CE(NT) dated -20-06-2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 012 Amendment to CENVAT Credit Rules * Notification No. 40/2012-ST dated -20-06-2012 Exemption on services provided to SEZ authorised operations * Notification No. 39/2012-ST dated -20-06-2012 Notification under rule 6A of Service Tax Rules - rebate of the duty paid on excisable inputs or service tax and cess paid on all input services used in providing service exported * Notification No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 38/2012-ST dated -20-06-2012 Amendment of Notification 28/2011-ST * Notification No. 37/2012-ST dated -20-06-2012 Seeks to amend point of Taxation Rules * Notification No. 36/2012-ST dated -20-06-2012 Seeks to amend Service Tax Rules * Notification No. 35/2012-ST dated -20-06-2012 Rescinding of notification no. 32/2007 - Works Contract Composition Rules, 2007 withdrawn * Notification ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. 34/2012-ST dated -20-06-2012 Rescinding of certain notifications * Notification No. 33/2012-ST dated -20-06-2012 Exemption to Small service providers * Notification No. 32/2012-ST dated -20-06-2012 Exemption of services provided by TBI/STEP * Notification No. 31/2012-ST dated -20-06-2012 Exemption to specified services received by exporter of goods * Notification No. 30/2012-ST dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed -20-06-2012 Notification under sub-section (2) of section 68 - Reverse Charge * Notification No. 29/2012-ST dated -20-06-2012 Exemption on property tax paid on immovable property * Notification No. 28/2012-ST dated -20-06-2012 Place of Provision of Services Rules,2012 * Notification No. 27/2012-ST dated -20-06-2012 Exemption to services for the official use of foreign Diplomatic Missi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on * Notification No. 26/2012-ST dated -20-06-2012 Abatement notification * Notification No. 25/2012-ST dated -20-06-2012 Mega exemption notification So, be ready with your diagnosis of these Notifications to implement paradigm shift in taxation of Services w.e.f from 1st July, 2012. Thanks & Best Regards. Bimal Jain FCA, ACS, LLB, B.Com (Hons) Mobile: +91 9810604563 email: bimaljain@hot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mail.com X X X X Extracts X X X X X X X X Extracts X X X X
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