any change in service tax
This query is : Resolved
ashish gupta
(Querist)
27 February 2010
Hi
any change in service tax in new budget 2010
any change in service tax in new budget 2010
CMA.Baskar.V
(Expert)
27 February 2010
1.The transportation by road of cereals, and pulses to be exempted from service tax.
2.Service Tax exemption for testing and certification agricultural seeds
2.Service Tax exemption for testing and certification agricultural seeds
ashish gupta
(Querist)
27 February 2010
thanks
27 February 2010
One more proposed amendment,among others :-
Chapter V of the Finance Act, 1994 is being amended to,-
a) insert an explanation in sub-section (3) of Section 73 to clarify that no penalty shall be imposed where service tax along with interest has been paid before issuance of notice by the department under this sub-section.
b) provide definition of the term ‘business entity’ to include an association of persons, body of individuals, company or firm but not an individual.
The above changes at (a) will come into effect from a date of enactment of the Finance Bill, 2010 and (b) from a date to be notified after the enactment of Finance Bill, 2010
Chapter V of the Finance Act, 1994 is being amended to,-
a) insert an explanation in sub-section (3) of Section 73 to clarify that no penalty shall be imposed where service tax along with interest has been paid before issuance of notice by the department under this sub-section.
b) provide definition of the term ‘business entity’ to include an association of persons, body of individuals, company or firm but not an individual.
The above changes at (a) will come into effect from a date of enactment of the Finance Bill, 2010 and (b) from a date to be notified after the enactment of Finance Bill, 2010
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