Service tax exemption scope narrowed; commission agent treatment limited to agricultural produce; abatement rate increased by amendments Amendments alter three service tax notifications: one rephrases relief to apply only to the portion of service tax exceeding tax calculated on a value equivalent to sixty percent of the gross amount charged; another limits exemption to commission agents dealing in agricultural produce and replaces the Explanation with definitions of 'commission agent' and 'agricultural produce'; the third substitutes a higher percentage in place of the earlier stated percentage for the relevant provision.
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Service tax exemption scope narrowed; commission agent treatment limited to agricultural produce; abatement rate increased by amendments
Amendments alter three service tax notifications: one rephrases relief to apply only to the portion of service tax exceeding tax calculated on a value equivalent to sixty percent of the gross amount charged; another limits exemption to commission agents dealing in agricultural produce and replaces the Explanation with definitions of "commission agent" and "agricultural produce"; the third substitutes a higher percentage in place of the earlier stated percentage for the relevant provision.
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