https://www.taxtmi.com/acts?id=16064 The Finance Act restructures service taxation by levying service tax on all services except those specified in a negative list, inserts comprehensive definitions to support the new regime, empowers the Government to determine the place of provision by rules, and specifies interpretation principles for bundled services. It also introduces declared services, prescribes determination of rate, value and exchange rate at the time of provision, and adds procedural measures including special audit, extended limitation periods, revised appeal timelines, compounding and settlement rule-making, and targeted refund and exemption provisions. en-us Fri, 16 Mar 2012 19:27:14 +0530 Fri, 16 Mar 2012 19:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16064 The Finance Act restructures service taxation by levying service tax on all services except those specified in a negative list, inserts comprehensive definitions to support the new regime, empowers the Government to determine the place of provision by rules, and specifies interpretation principles for bundled services. It also introduces declared services, prescribes determination of rate, value and exchange rate at the time of provision, and adds procedural measures including special audit, extended limitation periods, revised appeal timelines, compounding and settlement rule-making, and targeted refund and exemption provisions. Act-Rules Bills Fri, 16 Mar 2012 19:27:14 +0530 https://www.taxtmi.com/acts?id=16064