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Rescinded |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- Notification No. 5/2006-CE for refund of Cenvat Credit superseded by Notification No. 27/2012-CE(NT) dt. 20.06.2012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- Place of Supply Rules, 2012- Export & Import of Service Rules rescinded.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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