https://www.taxtmi.com/circulars?id=11536 Budget 2012 replaces service-specific taxation with a negative list charging regime: all activities meeting the definition of a service are taxable unless listed in the negative list or exempted. The package pairs this conceptual shift with Place of Provision rules, revised valuation for works contracts and restaurant services, restored standard rate with adjusted composition/abatements, and amended Cenvat and compliance rules including simplified refunds and a common EST return. en-us Fri, 16 Mar 2012 00:00:00 +0530 Sat, 24 Mar 2012 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11536 Budget 2012 replaces service-specific taxation with a negative list charging regime: all activities meeting the definition of a service are taxable unless listed in the negative list or exempted. The package pairs this conceptual shift with Place of Provision rules, revised valuation for works contracts and restaurant services, restored standard rate with adjusted composition/abatements, and amended Cenvat and compliance rules including simplified refunds and a common EST return. Circulars Service Tax Fri, 16 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11536