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Ease of Doing Business - In line with the objectives to facilitate trade and improve ease of doing business the following measures have been taken by CBEC during last one year

Dated:- 7-9-2015 - SERVICE TAX • Reduction in number of levies: Education Cess and Secondary & Higher Education Cess on taxable services have been subsumed in Service Tax with effect from 01.06.2015. [Sections 153, 159 of the Finance Act, 2015 read with notification No.14/2015-Service Tax, dated 19.05.2015 refers]. • Registration in two days: Registration in Service Tax to be granted within two working days. [ORDER No. 1/2015-SERVICE TAX dated 28.02.2015 refers]. •Time limit f .....

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cation No.6/2015-Central Excise (N.T.), dated 01.03.2015 refers]. • Rationalisation of penal provisions: Penalty provisions in Service Tax have been rationalized to encourage compliance and early dispute resolution. [Sections 113, 114, 115 of the Finance Act, 2015 refer]. •Digital signature and preserving records in electronic form: Service Tax assesses have been allowed to issue digitally signed invoices and maintain other records electronically. [Notification No.18/2015-Central Excis .....

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beenallowed, if such export proceeds are received within one year from the specified period. [Notification No.6/2015-Central Excise (N.T.), dated 01.03.2015 refers]. •To bring certainty in the determination of point of taxation in case of reverse charge mechanism, it has been provided that point of taxation will be the payment date or three months from the date of invoice, whichever is earlier. [Notification No.13/2014-Service Tax, dated 11.07.2014 refers]. B. Industry specific measures: &b .....

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