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New Law on Service Tax- -Gist of New Notifications

CA Nikhil Jhanwar , Last updated: 21 June 2012  
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New System of Taxation - Service Tax

Old Notification

New Notification

Particulars

11/2012- 17.03.2012

24/2012- 05.06.2012

ST Valuation Rules

12/2012- 17.03.2012

25/2012- 20.06.2012

Consolidated Exemptions

13/2012- 17.03.2012

26/2012- 20.06.2012

Abatements

-

27/2012- 20.06.2012

Exemption- Foreign Diplomatic Mission

Export of Service Rules(9/2005 – 03.03.2005)

Import of Service Rules(11/2006- 19.05.2006)

28/2012- 20.06.2012

Place of Provision of Service Rules, 2012

24/2007- 22.05.2007

29/2012- 20.06.2012

Renting- Exemption for Property Tax paid

15/2012- 17.03.2012

36/2004- 31.12.2004

30/2012- 20.06.2012

Reverse Charge Mechanism

18/2009- 07.07.2009

31/2012- 20.06.2012

Refund of ST to Exporter (GTA)

9/2007- 01.03.2007

32/2012- 20.06.2012

Exemption to Technology Incubator

6/2005- 01.03.2005

33/2012- 20.06.2012

SSI Exemption

Various Notifications

34/2012- 20.06.2012

Rescinding Various Notifications

32/2007- 22.05.2007

Works Contract Composition Scheme

35/2012- 20.06.2012

Rescinded

Service Tax Rules, 1994

36/2012- 20.06.2012

Amendments in STR, 1994

Point of Taxation Rules,2011

37/2012- 20.06.2012

Amendment in POT, 2011

28/2011- 01.04.2011

38/2012- 20.06.2012

Amendment

-

39/2012- 20.06.2012

Procedure for Rebate of duty on export of service ( New Rule 6A of STR)

17/2011- 01.03.2011

40/2012- 20.06.2012

Exemption of Service Tax to SEZ

Some Major Changes:

- Abatement of 25% for Construction of Complex retained in Notf. 26/2012.

- New Rule 6A in STR, 1994 for Export of Service

- Works Contract Compositions Scheme done away with.

- Notification No. 5/2006-CE for refund of Cenvat Credit superseded by Notification No. 27/2012-CE(NT) dt. 20.06.2012

- New Rule 5B in CCR, 2004 for Refund of Cenvat Credit to Service Providers covered under Reverse Charge

- Place of Supply Rules, 2012- Export & Import of Service Rules rescinded.

Regards

CA Nikhil M Jhanwar

ACA, ACS, B.com

Email: nmjhanwar@gmail.com

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Published by

CA Nikhil Jhanwar
(CA,CS)
Category Service Tax   Report

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