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TIME FOR NOTING CHANGES IN SERVICE TAX EXEMPTIONS - PART II

Service Tax - By: - Dr. Sanjiv Agarwal - Dated:- 31-3-2015 - B. Service Tax exemption effective April, 2015 Exemptions play an important role, at least for assessees, in service taxation. The Budget proposals have made certain amends in the exemptions under Service Tax by way of announcing new exemptions, withdrawal of some existing exemptions and rationalization of certain other exemptions to bring them in line with change in law or to expand the scope of Service Tax. This article discusses the .....

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mpted. (New entry at S.No. 44) Service provided by way of admission to a museum, zoo, national park, wild life sanctuary and a tiger reserve has been exempted. These services when provided by the Government or local authority are already covered by the Negative List. (New entry at S.No. 45) Service provided by way of exhibition of movie by the exhibitor (theatre owner) to the distributor or an association of persons consisting of such exhibitor as one of it s members has been exempted. (New en .....

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12-ST for GTA services Goods transport agency service provided for transport of export goods by road from the place of removal to an inland container depot, a container freight station, a port or airport is exempt from Service Tax vide Notification No. 31/12-ST dated 20.6.2012. The scope of this exemption has been widened to exempt such services when provided for transport of export goods by road from the place of removal to a Land Customs Station (LCS).(Vide Notification No. 4/2015-ST dated 1.3 .....

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ultural establishment; Residential complex for self-use or the use of the employees. Thus, exemption presently available on specified services of construction, repair, maintenance, renovation or alteration service provided to the Government, a local authority, or a governmental authority (vide S. No. 12 of the Notification No. 25/12-ST) shall be limited only to,- (a) a historical monument, archaeological site or remains of national importance, archeological excavation or antiquity; (b) canal, d .....

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9 Exemption under clauses (c), (d) and (e) of Entry No. 29 have been omitted. These pertain to - (a) services provided by a mutual fund agent to a mutual fund or assets management company, (b) distributor to a mutual fund or AMC, In all aforementioned exemptions, Service Tax shall be payable under 100 percent reverse charge basis by the recipient of service. Telecommunication services (Entry No. 32) Exemptions have been withdrawn on the following services - (a) Departmentally run public telepho .....

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