Dear Sir,
As per budget 2015-16, service tax is also calculated on the reimbursement of expenses (except pure agent), but I want to know that from when it is going to applicable?
Whether it is going to applicable from 1-4-2015 or it is going to applicable from the date notified by Central Government, by way of notification in official gadget, after enactment of finance bill, 2015.
Service Tax on Reimbursement of Expenses Effective From Finance Bill 2015 Enactment Date, Clarifies Government Official. A participant inquired about the applicability date for service tax on the reimbursement of expenses, as outlined in the 2015-16 budget, questioning whether it would be effective from April 1, 2015, or from a date specified by a government notification post-enactment of the Finance Bill 2015. A respondent clarified that the service tax would be applicable from the date of enactment of the Finance Bill 2015, based on a communication from the Joint Secretary of the Tax Research Unit, Government of India. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
