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        Customs, DGFT & SEZ

        Budget 2012-2013 – Service Tax Notifications

        March 16, 2012

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        >>>Notification No. 15/2012-Service Tax-STdated -17-03-2012
         
        Service tax on reverse charge mechanism under section 68(2)
         
        >>>Notification No. 14/2012 - Service Tax-STdated -17-03-2012
         
        Exempts import of technology to the extent of amount of cess payable on the said import of technology u/s 66B
         
        >>>Notification No. 13/2012- Service Tax-STdated -17-03-2012
         
        Effective rate of service tax after abatement under section 66B
         
        >>>Notification No. 12/2012-Service Tax-STdated -17-03-2012
         
        Exempts various services from whole of service tax u/s 66B
         
        >>>Notification No. 11/2012 - Service Tax-STdated -17-03-2012
         
        Amends Service Tax (Determination of Value) Rules, 2006
         
        >>>Notification No. 10/2012 – Service Tax-STdated -17-03-2012
         
        Amends Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007 - Rate increased from 4% to 4.8%
         
        >>>Notification No. 09/2012 - Service Tax-STdated -17-03-2012
         
        Regarding exemption of services in relation to transport services by rail
         
        >>>Notification No. 08/2012 - Service Tax-STdated -17-03-2012
         
        Regarding exemption of services in relation to transport services by rail
         
        >>>Notification No. 07 /2012 - Service Tax-STdated -17-03-2012
         
        Regarding exemption of services in relation to transport services by rail
         
        >>>Notification No. 06/2012 - Service Tax-STdated -17-03-2012
         
        Effective rate of service tax for Transport of passenger services by air
         
        >>>Notification No. 05/2012 - Service Tax-STdated -17-03-2012
         
        Amends notification no. 6/2005 ST dated 1-5-2005 - Determination of aggregate value for claiming exemption upto 10 lacs
         
        >>>Notification No. 04/2012 - Service Tax-STdated -17-03-2012
         
        Amends Point of Taxation Rules, 2011
         
        >>>Notification No. 03/2012 - Service Tax-STdated -17-03-2012
         
        Amends Service Tax Rules, 1994,
         
        >>>Notification No. 02/2012 - Service Tax-STdated -17-03-2012
         
        Rescinds notification no. 8/2009 ST dated 24-2-2009 - effective rate of service tax shall be 12%
         
        >>>Notification No. 01/2012 - Service Tax-STdated -17-03-2012
         
        Amends notification no. 42/2011 ST dated 25-7-2011 - exempts club or association in relation to common facility set-up for treatment and recycling of effluents and solid waste discharged.
        Reverse charge mechanism on specified services expands liability under service tax, altering compliance and valuation rules. A series of Budget 2012-13 service tax notifications modify liability, rates, exemptions and compliance rules: they expand the reverse charge mechanism, prescribe effective post abatement service tax rates, grant targeted exemptions linked to section 66B concepts (including import of technology and specified services), amend valuation and Point of Taxation rules, adjust the Works Contract composition scheme rate, rescind a prior notification on effective rates, and extend exemption for clubs/associations providing common effluent and solid waste treatment facilities.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Reverse charge mechanism on specified services expands liability under service tax, altering compliance and valuation rules.

                                A series of Budget 2012-13 service tax notifications modify liability, rates, exemptions and compliance rules: they expand the reverse charge mechanism, prescribe effective post abatement service tax rates, grant targeted exemptions linked to section 66B concepts (including import of technology and specified services), amend valuation and Point of Taxation rules, adjust the Works Contract composition scheme rate, rescind a prior notification on effective rates, and extend exemption for clubs/associations providing common effluent and solid waste treatment facilities.





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                                ActsIncome Tax
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