Negative list service taxation introduced, broad service tax levy and procedural changes including special audits and extended limitation periods. Clause 143 replaces the positive-list approach by creating a comprehensive levy on services except those on a specified negative list, inserts extensive ... Summary
Negative list service taxation introduced, broad service tax levy and procedural changes including special audits and extended limitation periods.
Clause 143 replaces the positive-list approach by creating a comprehensive levy on services except those on a specified negative list, inserts extensive statutory definitions, provides for a general charging provision subject to place-of-provision rules, and staggers commencement by notifications of the Central Government.
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