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AMENDMENTS IN NEGATIVE LIST BY FINANCE BILL 2016

Service Tax - By: - Dr. Sanjiv Agarwal - Dated:- 6-5-2016 Last Replied Date:- 7-5-2016 - Educational Services Amendment made by Finance Bill, 2016 Finance Bill, 2016 has omitted the negative list entry in clause (l) of section 66D. With this omission, specified educational services shall no more be in the negative list and liable to Service Tax. However, these services shall continue to be exempt from Service Tax under Entry No. 9 of Notification No. 25/2012-STas amended by Notification No. 9/20 .....

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l services are thus as follows - Omission of clause (l) of section 66D. Insertion of definition of 'approved vocational education course' in clause 2(ba) of Notification No. 25/2012-ST Substitution of definition of 'educational institution' in clause 2(oa) of Notification No. 25/2012-ST. All the aforesaid changes shall be effective from the enactment date of Finance Act, 2016. Services by Stage Carriage Amendment made by Finance Bill, 2016 (w.e.f. 01.06.2016) Finance Bill, 2016 h .....

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as applicable to the transportation of passengers by a contract carriage, that is, 60% without credit of inputs, input services and capital goods. However, a new entry at S.No. 23(bb) has been inserted in Notification No. 25/2012-ST vide Notification No. 9/2016-ST dated 01.03.2016. W.e.f. 01.06.2016 to provide exemption to services by a stage carriage. Thus, services of air conditioned stage carriage only will become Taxable w.e.f. 1.6.2016. CBEC has clarified vide TRU Letter DOF No. 334/8/2016- .....

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tion [Notification No. 25/2012-ST, as amended by notification No. 09/2016-ST, dated 1st March, 2016 refers]. The service of transportation of passengers by air-conditioned stage carriage is being taxed at the same level of abatement (60%) as applicable to the transportation of passengers by a contract carriage, with same conditions of non-availment of Cenvat credit. [Notification No. 08/2016-St dated 29th February, 2016 refers] Transportation of Goods by Aircraft / Vessel Amendment made by Finan .....

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similar exemption has been provided in entry No. 53 in Notification No. 25/2012-ST vide Notification No. 9/2016-ST dated 1.3.2016 w.e.f. 1.6.2016. CBEC has clarified vide TRU Letter DOF No. 334/8/2016-TRU dated 29.02.2016 as follows - The entry in the Negative List that covers services by way of transportation of goods by an aircraft or a vessel from a place outside India up to the customs station of clearance [section 66D (p)(ii)] is proposed to be omitted with effect from 1.06.2016. Clause 146 .....

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