Difference

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Jayesh Rathor

Jayesh Rathor (Querist)
Follow

15 February 2016 I am confused in the difference between negative list (66D) and Mega Exemption Notifications 25/2015

Suresh Ramaswamy

Suresh Ramaswamy (Expert)
Follow

15 February 2016 Mega Exemption Notification is an exemption notification - the services listed therein are exempted from charge to service tax as long as the Notification is not withdrawn or amended.Section 66 D of Finance Act 1994 (Negative List) is a part of the statute levying service tax Finance Act 1994(as amended). They list all services which are not taxable. Provisions of the Act can only be amended by the Legislatures. Notifications are called delegated egislative owers. The Board can issue, amend or withdraw notifications as per their requirement.

Message likes : 1 times

Arpit Shah

Arpit Shah (Expert)
Follow

03 March 2016 https://webcache.googleusercontent.com/search?q=cache:https://taxguru.in/service-tax/service-tax-wef-01062015-enactment-finance-act-2015.html&gws_rd=cr&ei=nLjXVq-wIMfIuAT66K34Aw

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now