<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Changes in the Finance Act, 1994 w.e.f. 14/05/2015</title>
    <link>https://www.taxtmi.com/article/detailed?id=6258</link>
    <description>The amendments redefine government to limit automatic coverage, expand the definitions of service and consideration to include specified money transactions and amounts retained by lottery agents, clarify that agency/input services to negative-list main services remain taxable, and restructure recovery and penalty provisions-introducing capped penalties for non-fraud shortfalls, full-tax penalties for fraud with specified reductions, and transitional rules applying the new penalty regime to pending or not-yet-noticed cases.</description>
    <language>en-us</language>
    <pubDate>Sat, 16 May 2015 06:24:20 +0530</pubDate>
    <lastBuildDate>Sat, 16 May 2015 06:24:20 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=385079" rel="self" type="application/rss+xml"/>
    <item>
      <title>Changes in the Finance Act, 1994 w.e.f. 14/05/2015</title>
      <link>https://www.taxtmi.com/article/detailed?id=6258</link>
      <description>The amendments redefine government to limit automatic coverage, expand the definitions of service and consideration to include specified money transactions and amounts retained by lottery agents, clarify that agency/input services to negative-list main services remain taxable, and restructure recovery and penalty provisions-introducing capped penalties for non-fraud shortfalls, full-tax penalties for fraud with specified reductions, and transitional rules applying the new penalty regime to pending or not-yet-noticed cases.</description>
      <category>Articles</category>
      <law>Service Tax</law>
      <pubDate>Sat, 16 May 2015 06:24:20 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=6258</guid>
    </item>
  </channel>
</rss>