https://www.taxtmi.com/news?id=2430 The paper proposes a Negative List approach to service taxation, retaining a broad definition of "service" while illustrating a charging section that taxes services provided by a "taxable person" engaged in independent economic activity. It excludes employees acting under employment contracts and non-commercial activities, allows the Government to declare specific activities as services, and relies on Place of Taxation/Supply Rules. The Revised Negative List refines sectoral exemptions-transport, financial instruments, select construction and real estate, education, health, and nonprofit member reimbursements-while inviting consultation and potential revisiting at GST implementation. en-us Sat, 19 Nov 2011 10:37:10 +0530 Sat, 19 Nov 2011 10:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2430 The paper proposes a Negative List approach to service taxation, retaining a broad definition of "service" while illustrating a charging section that taxes services provided by a "taxable person" engaged in independent economic activity. It excludes employees acting under employment contracts and non-commercial activities, allows the Government to declare specific activities as services, and relies on Place of Taxation/Supply Rules. The Revised Negative List refines sectoral exemptions-transport, financial instruments, select construction and real estate, education, health, and nonprofit member reimbursements-while inviting consultation and potential revisiting at GST implementation. News - Sat, 19 Nov 2011 10:37:10 +0530 https://www.taxtmi.com/news?id=2430