https://www.taxtmi.com/article/detailed?id=1162 The budget keeps the service tax rate and threshold unchanged while rationalizing import of services and amending Cenvat Credit rules to harmonize input and output services; it introduces Point of Taxation rules, streamlines Rule 6, redefines taxable legal services supplied by individuals to business entities, specifies abatements for hotels, AC restaurants serving liquor, hospitals above twenty five beds and diagnostic services, and grants audit relief and a reduced interest rate for individuals and sole proprietors below the turnover threshold. en-us Mon, 28 Feb 2011 13:35:31 +0530 Mon, 28 Feb 2011 13:35:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1162 The budget keeps the service tax rate and threshold unchanged while rationalizing import of services and amending Cenvat Credit rules to harmonize input and output services; it introduces Point of Taxation rules, streamlines Rule 6, redefines taxable legal services supplied by individuals to business entities, specifies abatements for hotels, AC restaurants serving liquor, hospitals above twenty five beds and diagnostic services, and grants audit relief and a reduced interest rate for individuals and sole proprietors below the turnover threshold. Articles Service Tax Mon, 28 Feb 2011 13:35:31 +0530 https://www.taxtmi.com/article/detailed?id=1162