any change in service tax

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ashish gupta

ashish gupta (Querist)
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27 February 2010 Hi
any change in service tax in new budget 2010

CMA.Baskar.V

CMA.Baskar.V (Expert)
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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

ashish gupta

ashish gupta (Querist)
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27 February 2010 thanks

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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

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