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Taxability of newly made taxable services

Service Tax - By: - Bimal jain - Dated:- 1-4-2015 - Taxability of newly made taxable services The Finance Bill, 2015 vide Clause 107 has proposed certain amendments in the Negative List of services given under Section 66D of the Finance Act, 1994 ( the Finance Act ) thereby removing certain services from the Negative List. Now, in this case, the issue may crop up that the services rendered prior to the date of notification are exigible to Service tax when payments for such services are received .....

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ch levy Service tax on taxable services. We are reproducing herewith Section 66B of the Finance Act for the ease of convenience: 66B. Charge of service tax on and after Finance Act, 2012. There shall be levied a tax (hereinafter referred to as the service tax) at the rate of twelve per cent. on the value of all services, other than those services specified in the negative list, provided or agreed to be provided in the taxable territory by one person to another and collected in such manner as may .....

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vice Companies Vs. Union of India [2010 (10) TMI 4 - SUPREME COURT OF INDIA] specifically observed that the taxable event under the Service tax law is the rendition of service. Now, in view of the above discussions, the levy of Service tax is on the provision of service and accordingly, the service must be taxable service at the time of its rendition in order to attract Service tax levy. In other words, if at the time of rendition of service, it is covered under the Negative List, then as per Se .....

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