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    <title>Quick review on Budgetary Changes in Service tax .</title>
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    <description>Increase in the service tax rate and revision of composition and Cenvat reversal rates; introduction of a Negative List approach with a statutory definition of service and new Place of Provision rules replacing existing export and inbound service rules; extensions and changes to Point of Taxation, audit, show cause notice timelines and appeal periods; partial reverse charge allocations for specific services; and amendments to Cenvat Credit Rules expanding allowable credits, simplifying export refund procedures, and refining input service distribution.</description>
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    <pubDate>Mon, 26 Mar 2012 07:20:05 +0530</pubDate>
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