https://www.taxtmi.com/article/detailed?id=5719 Valuation, compliance and credit provisions for Service Tax were revised: works-contract taxable portion standardized at a higher rate; higher interest on delayed payments; mandatory e-payment instituted with limited relaxations; CENVAT credit must be taken within six months and is conditioned in full reverse charge cases on payment to the provider; re-credit permitted where export proceeds are later realized. Exemption, abatement and reverse-charge scopes are restructured, radio-taxi defined, and point-of-taxation and place-of-provision rules amended to tighten timelines and expand liable services. en-us Fri, 11 Jul 2014 15:02:19 +0530 Fri, 11 Jul 2014 15:02:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5719 Valuation, compliance and credit provisions for Service Tax were revised: works-contract taxable portion standardized at a higher rate; higher interest on delayed payments; mandatory e-payment instituted with limited relaxations; CENVAT credit must be taken within six months and is conditioned in full reverse charge cases on payment to the provider; re-credit permitted where export proceeds are later realized. Exemption, abatement and reverse-charge scopes are restructured, radio-taxi defined, and point-of-taxation and place-of-provision rules amended to tighten timelines and expand liable services. Articles Service Tax Fri, 11 Jul 2014 15:02:19 +0530 https://www.taxtmi.com/article/detailed?id=5719