https://www.taxtmi.com/article/detailed?id=6132 The Budget expands and intensifies the indirect tax regime by advancing a national Goods and Services Tax, adjusting excise and customs duties, and increasing the effective service tax burden through a higher rate and a new cess on service value. The negative list is pruned and multiple exemptions curtailed to widen taxable services; valuation, abatements and reverse charge rules are amended to include reimbursements, technology-enabled aggregator services and specified agent activities, while procedural reliefs such as altered input credit time limits and faster online registrations are also introduced. en-us Tue, 03 Mar 2015 07:59:48 +0530 Tue, 03 Mar 2015 07:59:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6132 The Budget expands and intensifies the indirect tax regime by advancing a national Goods and Services Tax, adjusting excise and customs duties, and increasing the effective service tax burden through a higher rate and a new cess on service value. The negative list is pruned and multiple exemptions curtailed to widen taxable services; valuation, abatements and reverse charge rules are amended to include reimbursements, technology-enabled aggregator services and specified agent activities, while procedural reliefs such as altered input credit time limits and faster online registrations are also introduced. Articles Service Tax Tue, 03 Mar 2015 07:59:48 +0530 https://www.taxtmi.com/article/detailed?id=6132