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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 expansion of scope of services under the tax net. The amendments have been made in clauses (a), (f), (i) and (j). Government's support services [Clause (a)] - Support services provided by the Government or local authority shall no longer be in ne .....

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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 basis for production of alcoholic liquor meant for human consumption shall be taxable. The definition of 'process amounting to manufacture or production of goods' under section 65B(44) of the Finance Act, 1994 has also been amended to omit the wo .....

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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 services provided by chit fund foreman. Entertainment events and amusement facilities [Clause (j)] - Clause (j) in relation to admission to entertainment events and access to amusement facilities has been omitted by the Finance Bill, 2015. This is .....

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