https://www.taxtmi.com/news?id=1559 Proposals aim to rationalise service tax by restructuring penal provisions to favour assessees who maintain truthful records while targeting deliberate evaders, by clarifying the scope of inputs and input services, and by streamlining allocation of CENVAT credit between exempt and taxable supplies; a public consultation on taxing services via a small negative list will inform the approach to GST. en-us Mon, 28 Feb 2011 13:43:56 +0530 Mon, 28 Feb 2011 13:43:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1559 Proposals aim to rationalise service tax by restructuring penal provisions to favour assessees who maintain truthful records while targeting deliberate evaders, by clarifying the scope of inputs and input services, and by streamlining allocation of CENVAT credit between exempt and taxable supplies; a public consultation on taxing services via a small negative list will inform the approach to GST. News - Mon, 28 Feb 2011 13:43:56 +0530 https://www.taxtmi.com/news?id=1559