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TMI BlogUnion Budget 2016: Changes in Indirect Tax - Service Tax & ExciseX X X X Extracts X X X X X X X X Extracts X X X X ..... Union Budget 2016: Changes in Indirect Tax - Service Tax & Excise X X X X Extracts X X X X X X X X Extracts X X X X ..... ri Arun Jaitley announced a host of changes in the Indirect tax structure in the Union Budget 2016-17 on February 29, 2016, that are expected to impact the Trade and Industry. Under Service tax, on on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e hand, the effective rate of Service tax would go up to 15% w.e.f June 1, 2016 with the introduction of Krishi Kalyan Cess at 0.5% on the value of all taxable services, on another hand, some of the e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xemptions, which were hurriedly withdrawn during the last two years, have been reinstated with complete clarity & refund mechanism. Further, there are many changes in the Negative list, Exemption list ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , Reverse Charge and Abatement Notification also. As an endeavour to summarise all the important changes in the arena of Service tax for easy digest, Mr. Bimal Jain has recorded a video titled "Union ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Budget 2016: Changes in Indirect Tax - Service Tax & Excise", discussing the flurry of changes proposed by the Union Budget 2016-17 and their likely impact. Please find below the link for the video.< ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... br> Scholarly articles for knowledge sharing by authors, experts, professionals ..... X X X X Extracts X X X X X X X X Extracts X X X X
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