Exempt service vs negative list
This query is : Resolved
CA Gyati Gupta
(Querist)
30 August 2013
What is the diff b/w exempt services and services covered under negative list ?
30 August 2013
The difference is that services in negative list are not at all taxable as they have been excluded from the meaning of ‘service’ itself u/s 66B. Negative list contained in section 66D. As against this, exempted services are services by itself, but exempt from levy of Service Tax by way of Notification issued by the Central Government. . Also, amendments to negative list can be made only by Parliament by way of amendment to the Finance Act whereas exemptions could be enlarged or curtailed on the basis of notification.
CA Gyati Gupta
(Querist)
05 September 2013
thank you sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Nursery business
- Tax on Amount transferred in HUF Account
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
