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    <title>BUDGET CHANGES IN NEGATIVE LIST - PART I</title>
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    <description>The Finance Bill, 2015 widens service tax coverage by replacing &quot;support service&quot; with &quot;any service,&quot; omitting the &quot;support service&quot; definition and defining &quot;Government,&quot; thereby making almost all services provided by government or local authorities to business entities taxable (subject to remaining negative-list entries and exemptions). Such services will generally be taxed under the reverse charge mechanism. The Bill likewise removes exemption for processes producing alcoholic liquor for human consumption, makes distributor and selling-agent services in lotteries taxable, and omits the negative-list entry for admission to entertainment and amusement facilities (subject to notified exemptions).</description>
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    <pubDate>Wed, 15 Apr 2015 01:12:57 +0530</pubDate>
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      <title>BUDGET CHANGES IN NEGATIVE LIST - PART I</title>
      <link>https://www.taxtmi.com/article/detailed?id=6216</link>
      <description>The Finance Bill, 2015 widens service tax coverage by replacing &quot;support service&quot; with &quot;any service,&quot; omitting the &quot;support service&quot; definition and defining &quot;Government,&quot; thereby making almost all services provided by government or local authorities to business entities taxable (subject to remaining negative-list entries and exemptions). Such services will generally be taxed under the reverse charge mechanism. The Bill likewise removes exemption for processes producing alcoholic liquor for human consumption, makes distributor and selling-agent services in lotteries taxable, and omits the negative-list entry for admission to entertainment and amusement facilities (subject to notified exemptions).</description>
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