https://www.taxtmi.com/news?id=2178 Adopts a negative list approach: all supplies meeting the defined "supply of service" are taxable unless expressly excluded. "Service" is defined as anything other than goods, money or immovable property, with specific inclusions (e.g. right to use immovable property, temporary transfer of intellectual property, hire/lease services) and exclusions (completed sale of immovable property, employee-to-employer services, constitutional authorities, supplies chargeable as excisable goods). The approach aims to widen the tax base, preserve input tax credits, address mixed supplies by dominant-nature tests, and requires changes to import/export, Cenvat, Service Tax and Point of Taxation rules. en-us Mon, 29 Aug 2011 16:12:36 +0530 Mon, 29 Aug 2011 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2178 Adopts a negative list approach: all supplies meeting the defined "supply of service" are taxable unless expressly excluded. "Service" is defined as anything other than goods, money or immovable property, with specific inclusions (e.g. right to use immovable property, temporary transfer of intellectual property, hire/lease services) and exclusions (completed sale of immovable property, employee-to-employer services, constitutional authorities, supplies chargeable as excisable goods). The approach aims to widen the tax base, preserve input tax credits, address mixed supplies by dominant-nature tests, and requires changes to import/export, Cenvat, Service Tax and Point of Taxation rules. News - Mon, 29 Aug 2011 16:12:36 +0530 https://www.taxtmi.com/news?id=2178