https://www.taxtmi.com/article/detailed?id=5713 Union Budget 2014 expands service tax scope by revising exemptions, withdrawing the exemption for renting immovable property to educational institutions, taxing specified advertising and transport services, and clarifying exemptions for certain goods carriage and tour operator services. Cenvat Credit rules change: motor cab services are separated and allowed credit, tour operators may claim input service credit, a six-month time limit for taking credit from invoice date is introduced, and re-credit rules for export proceeds are provided. Procedural changes include assessment time limits, reverse charge adjustments, mandatory electronic deposit, valuation rationalisation for works contracts, point of taxation changes, and revised interest rates for delays. en-us Fri, 11 Jul 2014 07:42:50 +0530 Fri, 11 Jul 2014 14:48:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5713 Union Budget 2014 expands service tax scope by revising exemptions, withdrawing the exemption for renting immovable property to educational institutions, taxing specified advertising and transport services, and clarifying exemptions for certain goods carriage and tour operator services. Cenvat Credit rules change: motor cab services are separated and allowed credit, tour operators may claim input service credit, a six-month time limit for taking credit from invoice date is introduced, and re-credit rules for export proceeds are provided. Procedural changes include assessment time limits, reverse charge adjustments, mandatory electronic deposit, valuation rationalisation for works contracts, point of taxation changes, and revised interest rates for delays. Articles Service Tax Fri, 11 Jul 2014 07:42:50 +0530 https://www.taxtmi.com/article/detailed?id=5713