https://www.taxtmi.com/article/detailed?id=1641 Restoration of the standard service tax rate is coupled with revised composition rates, increased Cenvat reversal for exempt services, and a shift to a uniform ad-valorem levy for air transport with abatement. A new negative list framework, a defined concept of "service," and consolidated exemptions replace much of the prior regime; Place of Provision Rules are introduced for export treatment. Valuation rules for works contracts, revised abatements affecting Cenvat eligibility, amendments to credit availability and reverse charge allocations, and procedural reforms on audits, limitation, appeals, point of taxation and limited retrospective reliefs are also proposed. en-us Sat, 17 Mar 2012 13:43:50 +0530 Sat, 17 Mar 2012 13:43:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1641 Restoration of the standard service tax rate is coupled with revised composition rates, increased Cenvat reversal for exempt services, and a shift to a uniform ad-valorem levy for air transport with abatement. A new negative list framework, a defined concept of "service," and consolidated exemptions replace much of the prior regime; Place of Provision Rules are introduced for export treatment. Valuation rules for works contracts, revised abatements affecting Cenvat eligibility, amendments to credit availability and reverse charge allocations, and procedural reforms on audits, limitation, appeals, point of taxation and limited retrospective reliefs are also proposed. Articles Service Tax Sat, 17 Mar 2012 13:43:50 +0530 https://www.taxtmi.com/article/detailed?id=1641