Service Tax Rules

[Admin TMI]

Question - What are proposed amendments in Service tax rules in Finance Bill 2015 ?

AI Summary

Finance Bill 2015: Aggregators Liable for Service Tax, New Rules for Registration, Digital Invoicing, and Record-Keeping The discussion addresses proposed amendments to the Service Tax Rules in the Finance Bill 2015. Key changes include making aggregators or their representatives liable for service tax under the aggregator model, with agents paying on behalf if no local presence exists. Rule 4 updates specify registration conditions and procedures, with single-premises registration granted within two days. Digital invoicing and electronic record-keeping are introduced. Rule 6 (6A) is omitted for recovery alignment with section 73 amendments. Alternative tax rates for specific services will adjust with the revised Service Tax rate. These changes are effective from March 1, 2015.