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Broadening of tax base - Review of the Negative List

Service Tax - Started By: - Admin TMI - Dated:- 1-3-2015 Last Replied Date:- 1-3-2015 - Question - What are amendments proposed in Negative list in service tax in Finance Bill 2015 ? - Reply By Admin TMI - The Reply = Review of the Negative List • Service Tax to be levied on the service provided by way of access to amusement facility providing fun or recreation by means of rides, gaming devices or bowling alleys in amusement parks, amusement arcades, water parks, theme parks or such other p .....

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award functions, if the amount charged is more than ₹ 500 for right to admission to such an event. For this purpose, the Negative List Entry that covers admission to entertainment events is being omitted [section 66D (j)]. Consequently, the definition of entertainment event [section 66B (24)] is being omitted.However, the existing exemption to service by way of admission to entertainment events, namely, exhibition of cinematographic film, circus, recognized sporting events, dance, theatric .....

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s amounting to manufacture or production of goods [section 66D (f)] is being pruned to exclude any service by way of carrying out any processes for production or manufacture of alcoholic liquor for human consumption. Consequently, Service Tax shall be levied on contract manufacturing /job work for production of potable liquor for a consideration. In this context, the definition of the term process amounting to manufacture or production of goods [ section 65B (40) is being amended] with a consequ .....

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