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Archive: 20 June 2012

Posts in 20 June 2012

Service tax Exemption on property tax paid on immovable property

June 20, 2012 19080 Views 1 comment Print

Notification No. 29/2012-Service Tax – Govt exempts the taxable service of renting of an immovable property, from so much of the service tax leviable thereon under section 66B of the said Finance Act, as is in excess of the service tax calculated on a value which is equivalent to the gross amount charged for renting of such immovable property less taxes on such property, namely property tax levied and collected by local bodies:

Place of Provision of Services Rules,2012 wef 01.07.2012

June 20, 2012 9848 Views 0 comment Print

Notification No. 28/2012-Service Tax Place of provision generally.- The place of provision of a service shall be the location of the recipient of service: Provided that in case the location of the service receiver is not available in the ordinary course of business, the place of provision shall be the location of the provider of service.

Services provided to Foreign Diplomatic Missions Exempted wef 01.07.2012

June 20, 2012 9024 Views 0 comment Print

Notification No. 27/2012 – Service Tax In exercise of the powers conferred by section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts taxable services provided by any person, for the official use of a foreign diplomatic mission or consular post in India, or for personal use or for the use of the family members of diplomatic agents or career consular officers posted therein from whole of the service tax leviable under section 66B of the said Act, subject to the following conditions, namely:-

Service tax Abatement Conditions & Rates WEF 01.07.2012

June 20, 2012 164627 Views 2 comments Print

Notification No. 26/2012- Service Tax – 25% Abatement for Construction of Complex; Abatement for 11 other services notified. Govt hereby exempts the taxable service of the description specified in column (2) of the Table below, from so much of the service tax leviable thereon under section 66B of the said Act, as is in excess of the service tax calculated on a value which is equivalent to a percentage specified in the corresponding entry in column (3) of the said Table, of the amount charged by such service provider for providing the said taxable service, unless specified otherwise, subject to the relevant conditions specified in the corresponding entry in column (4) of the said Table, namely;-

Mega Exemption Notification – Revised List of Exempted Services WEF 01.07.2012

June 20, 2012 494799 Views 18 comments Print

Notification No. 25/2012-Service Tax Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the following taxable services from the whole of the service tax leviable thereon under section 66B of the said Act, namely:- Services provided to the United Nations or a specified international organization; Health care services by a clinical establishment, an authorised medical practitioner or para-medics; Services by a veterinary clinic in relation to health care of animals or birds; Services by an entity registered under section 12AA of the Income tax Act, 1961 (43 of 1961) by way of charitable activities; Services by a person by way of-

Promotion of ACITs -Order No. 126 of 2012

June 20, 2012 1038 Views 0 comment Print

ORDER NO. 126 OF 2012 The President. is pleased to order that the following IRS officers in the grade of Assistant. Commissioner of Income Tax (Junior Time Scale) be promoted to the grade of Deputy Commissioner of Income Tax (Senior Time Scale) in Pay Band-3 Rs.. 15,600-39,100 plus Grade Pay of Rs.6,600 with effect from the date of assumption of the charge of the post :-

Switchover Date to Digital Cable TV System extended to 31st October 2012

June 20, 2012 648 Views 0 comment Print

Modification in Switchover Date to Digital Cable TV System The Cable Television Networks (Regulation) Amendment Act, 2011 has made it mandatory for switchover of the existing analogue Cable TV networks to Digital Addressable System (DAS) by December 2014, in a phased manner. In respect of four metros of Delhi, Mumbai, Kolkata and Chennai, the digital […]

Anti-dumping duty on Pentaerythritol exported from European Union

June 20, 2012 838 Views 0 comment Print

Notification No. 33/2012-Customs (ADD) Whereas, in the matter of import of Pentaerythritol (hereinafter referred to as the subject goods), falling under sub-heading 2905 42 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said customs Tariff Act), originating in, or exported from European Union (excluding Sweden)(hereinafter referred to as the subject countries) and imported into India, the designated authority vide its final findings No. 14/43/2010-DGAD dated the 10thApril, 2012, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 10th April, 2012, had come to the conclusion that-

Postpone implementation of Negative Service tax regime

June 20, 2012 4432 Views 0 comment Print

A CBEC panel wants the new service tax regime, which is scheduled for implementation from July 1, be deferred by 3-4 months as more time is needed to put in place the required framework.

CENVAT Credit (6th Amendment) Rules, 2012 to amend CENVAT Credit Rules, 2004

June 20, 2012 13110 Views 0 comment Print

Notification No.28/2012-Central Excise (N.T) Central Government, hereby makes the following rules further to amend the CENVAT Credit Rules, 2004, namely:- 1. (1) These rules may be called the CENVAT Credit (Sixth Amendment) Rules, 2012. (2) They shall come into force on the 1st day of July, 2012.

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