Negative list of service tax

Trading of goods is mentioned in the negative list. does it mean it is a exempt service or does it mean that it is out of the scope of defination of service .

 

 

 

Will rule 6 of Cenvat Credi Apply on a car dealer who is indulged in Car selling and Service of cars as Service of car is taxable and sale is trading of goods which is mentioned in the negative list.

 

 

 

 

Replies (4)

Can you provide nagative list

Yes, as per the explanation of value provided after sub rule 3D of Rule 6 of CCR, 2004. it clarifies that trading will be considered as exempt service. Hope this will solve your query.

but being in negative list means out os scope of service 

 

Yes you are correct, but as per the explanation of "value" it has to be considered for the purpose of reversal of CENVAT Credit under Rule 6 (3A) of CCR, 2004. It is quite specific in the said rule so whenever any thing is specific we can not go for general interpretation of law.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details