Whether Exemption from Service Tax on Commission Income on reverse charge method granted by way of notification is contradictory with the announcements in the Budget

Whether Exemption from Service Tax on Commission Income on reverse charge method granted by way of notification is contradictory with the announcements in the Budget https://www.taxtmi.com/news?id=933 An inconsistency in Notification No.18/2009 ST narrows the service tax exemption for services on which exporters are liable under the reverse charge mechanism by fixing a lower percentage of FOB value, contrary to the Budget speech and explanatory notes which preserve the prior cap tied to FOB value; a corrigendum is needed to align the notification with legislative intent and restore the intended exemption parameter for exporter commission payments. en-us Thu, 09 Jul 2009 12:33:06 +0530 Thu, 09 Jul 2009 12:41:00 +0530 TaxTMI RSS Generator Whether Exemption from Service Tax on Commission Income on reverse charge method granted by way of notification is contradictory with the announcements in the Budget https://www.taxtmi.com/news?id=933 An inconsistency in Notification No.18/2009 ST narrows the service tax exemption for services on which exporters are liable under the reverse charge mechanism by fixing a lower percentage of FOB value, contrary to the Budget speech and explanatory notes which preserve the prior cap tied to FOB value; a corrigendum is needed to align the notification with legislative intent and restore the intended exemption parameter for exporter commission payments. News - Thu, 09 Jul 2009 12:33:06 +0530 https://www.taxtmi.com/news?id=933