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Exemptions

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(Querist)
26 February 2016 what is the difference between mega exemption and negative list in service tax.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 February 2016 1. Services mentioned in mega exemption are TAXABLE SERVICES but exemption from taxation is given through notification.

2. The services covered in -ve list are NON-TAXABLE SERVICES meaning thereby they are out of coverage of service tax.
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Murali krishna

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Murali krishna (Querist)
26 February 2016 thank you sir
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Murali krishna

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Murali krishna (Querist)
26 February 2016 thank you sir
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Nilesh

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Nilesh (Expert)
18 March 2016 In addition to that negative list - service govt does not want to charge service tax and for the changes in negative list amendment in Act require whereas for exemption govt may withdraw any time.
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