I would like to know what exactly should we know in negative list ? Should we know all the definitions in the negative list ? Im doing self study so need some help regarding this. Thanks
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Service tax - negative list
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You should learn all the 17 Heads + What is included in this list + What is excluded from this list.
Either Theory or/and Practical Question can be asked frm this area.
For self study I would refer you to study from CA Ajay Jain Sir book.
For your help, I can give you mnemonic for Negative List available in his book.
| Mnemonic | Negative List Head |
| A | Advertisement |
| B | Bridges (Toll) |
| C | Cabs |
| D | Diplomatic Missions |
| E | Electricity |
| F | Funeral |
| G | Goods transportation |
| H | House Renting (residential) |
| I | Interest |
| J | Jhule (Rides - Entertainment Parks,etc) |
| K | Kheti (Agriculture) |
| L | Lottery (Gambling) |
| M | Manufacture (Production of Goods) |
| N | - |
| O | - |
| P | - |
| Q | Qualification (Services relating to education) |
| R | RBI (services by RBI) |
| S | Sarkar (Government) |
| T | Trading of Goods |
For detail refer your book. But using this mnemonic you can remember all the headings in exam easily.
Rohit - Indian CA Helpers Blog
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