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Union Budget 2018 - Changes in Service Tax.

Service Tax - D.O.F. No. 334/04/2018-TRU - Dated:- 1-2-2018 - F.No. 334/04/2018-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Amitabh Kumar Joint Secretary (Tax Research Unit) Tel: 011-23093027; Fax: 011-230930 .....

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the Finance Bill in the Lok Sabha on the 1st of February, 2018. While Clause 99 of the Bill relates to exemption from integrated tax levied under section 3(7) of the Customs Tariff Act, 1975, Clauses 103 to 105 of the Bill cover the changes relating .....

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features of the changes being made are discussed below. 3. Legislative provisions: (a) Notification No. 65/2017-Customs dated 8th July 2017 amending notification No. 50/2017 Customs dated 30th June 2017 is proposed to be given retrospective effect so .....

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payment of Integrated tax leviable under section 5(1) of the IGST Act, 2017 on the said supply. (Clause 99 of the Bill refers) (b) Services provided or agreed to be provided by the Naval Group Insurance Fund by way of life insurance to personnel of C .....

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vided or agreed to be provided by the Goods and Services Tax Network (GSTN) to the Central Government or State Governments or Union territories administration, are proposed to be exempted from service tax for the period commencing from 28th March, 20 .....

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ant of license or lease to explore or mine petroleum crude or natural gas or both, is proposed to be exempted from service tax for the period commencing from 1 st April, 2016 and ending with 30th June, 2017. (Clause 105 of the Bill refers) 4. General .....

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