https://www.taxtmi.com/news?id=1558 Levy of service tax is extended to specified hotel accommodation above a stated tariff and to air conditioned restaurants licensed to serve liquor, with abatements of 50% and 70% respectively reducing effective burden. Proposed complementary measures to align the service tax regime with a future GST include expanding service categories, revising import of services valuation, modifying Cenvat Credit to rebalance input and output taxation, rationalizing penal provisions, and adopting Point of Taxation rules to shift toward accrual based collection. en-us Mon, 28 Feb 2011 13:42:54 +0530 Thu, 05 Feb 2015 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1558 Levy of service tax is extended to specified hotel accommodation above a stated tariff and to air conditioned restaurants licensed to serve liquor, with abatements of 50% and 70% respectively reducing effective burden. Proposed complementary measures to align the service tax regime with a future GST include expanding service categories, revising import of services valuation, modifying Cenvat Credit to rebalance input and output taxation, rationalizing penal provisions, and adopting Point of Taxation rules to shift toward accrual based collection. News - Mon, 28 Feb 2011 13:42:54 +0530 https://www.taxtmi.com/news?id=1558