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    <title>Service Tax- some important changes with effect from 1st October, 2014</title>
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    <description>Key Service Tax amendments revise scope, valuation, credit and compliance. Radio taxis are excluded from the metered-cab definition and become taxable subject to abatement and credit conditions. &quot;Print media&quot; is defined narrowly, keeping selling space in print media in the Negative List while making other advertising sales taxable. Rule changes set the exchange-rate for valuation by accounting principles at the point of taxation and authorize supplementary instructions; cenvat restrictions can target providers of taxable services; e-payment, variable interest rates, revised reverse-charge allocation for vehicle renting, merged works-contract service portions, amended abatements, and expanded intermediary rules are introduced.</description>
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    <pubDate>Fri, 29 Aug 2014 07:34:13 +0530</pubDate>
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