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BUDGET CHANGES IN NEGATIVE LIST - PART I

Service Tax - By: - Dr. Sanjiv Agarwal - Dated:- 15-4-2015 - Amendments made by Finance Bill, 2015 (w.e.f. notified date) The Finance Bill, 2015 has made the following amendments in the negative list under section 66D which shall have the impact of e .....

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gative list. The words, 'support services' has been substituted by words 'any service'. It would render almost all services provided by Government or local authority taxable for the purpose of Service Tax. The word, 'Government .....

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tion to alcoholic liquor [Clause (f)] - Activity of processing of goods amounting to production or manufacture of alcoholic liquor for human consumption has been taken out of negative list. Any process carried out under a contract or on job work basi .....

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rds 'alcoholic liquor for human consumption'. Betting, gambling and lottery [Clause (i)] - The services in relation to betting, gambling and lottery continue to be in negative list but the services provided by lottery distributors and sellin .....

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ices by a distributor or selling agent of a lottery appointed or authorized by a State Government for the purpose of promoting, marketing, selling or facilitating in organizing or in any other manner of lottery of any kind. It also includes chit fund .....

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subject to exemptions specified in Notification No. 25/2012-ST as amended. Government Support Services [Clause (a)] Finance Bill, 2015 has made three amendments in relation to Clause(a) of section 66D. These are- substitution of words 'support s .....

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arged scope of taxable services provided by government entities. All services (or any service) provided by the government or local authority to a business entity, except those in negative list or exempt services, shall be liable to Service Tax. The s .....

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clarified on amendment as follows - Presently, services provided by Government or a local authority, excluding certain services specified under clause (a) of section 66D, are covered by the Negative List. Service Tax applies on the support service pr .....

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