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of <h1>Clarification on Service Tax: Arbitral Services Exempt for Small Entities; Reverse Charge for Larger Businesses Over Rs. 10 Lakh.</h1> The circular clarifies the applicability of Service Tax on services provided by arbitral tribunals and their members. Services rendered to non-business entities or businesses with a turnover up to Rs. 10 lakh are exempt from Service Tax. However, for business entities with a turnover exceeding Rs. 10 lakh, the Service Tax is applicable under the reverse charge mechanism, making the service recipient liable for the tax. This clarification follows the omission of a specific entry in the Budget 2016-17, and the liability remains unchanged for eligible business entities in the taxable territory. Trade associations are urged to inform their members of these provisions.
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