Law Relating to Service Tax Based on Negative List

[casarvesh]

"Taxmann announces release of ‘Law Relating to Service Tax Based on
Negative List’ by V.S. Datey.

The book contains a comprehensive analysis of proposed provisions
relating to taxation of services based on Negative List. Presently
the scope of service tax is so vast that practically all services,
except in education, medical treatment and statutory activities are
subject to service tax. However, the definition of each service is
often vague and broad. There are always disputes about taxability of
a particular activity and also its classification in a particular
taxable head.

To get over the difficulties in defining a service, locating possible
persons providing the service and administering the service tax, a new
concept was floated last year, that of negative list of services.

Negative List, basically means that all services, excluding those
specified in negative list of services will be subject to service
tax. Thus one has to only see whether the service he is providing is
in negative list. If not, he is liable to pay service tax (subject to
exemption limit of
` Ten lakhs available to small service providers.

For more information http://www.goo.gl/dgBrR or call us at
011-45562222"