Seeks to amend notification No. 26/2012-Service Tax, dated 20th June 2012, so as to make necessary amendments in the specified entries prescribing taxable portion and the conditions for availing the exemption therein. - 08/2016 - Service Tax
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Service tax exemption conditions amended to revise taxable portions and CENVAT credit denial rules for specified services. The notification amends the TABLE to revise taxable portions and exemption conditions for specified services, including separate entries for transport of goods by rail and in containers by persons other than Indian Railways, differentiated goods transport agency services including used household goods, tour operator services split by accommodation-only and other tours with invoicing conditions, construction-for-sale exemptions conditioned on non-availability of CENVAT credit and inclusion of land value, insertion of a foreman of chit fund entry, and an Explanation treating amount charged as inclusive of fair market value of goods and services supplied by the recipient.
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Service tax exemption conditions amended to revise taxable portions and CENVAT credit denial rules for specified services.
The notification amends the TABLE to revise taxable portions and exemption conditions for specified services, including separate entries for transport of goods by rail and in containers by persons other than Indian Railways, differentiated goods transport agency services including used household goods, tour operator services split by accommodation-only and other tours with invoicing conditions, construction-for-sale exemptions conditioned on non-availability of CENVAT credit and inclusion of land value, insertion of a foreman of chit fund entry, and an Explanation treating amount charged as inclusive of fair market value of goods and services supplied by the recipient.
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