https://www.taxtmi.com/article/detailed?id=6705 Service tax reforms introduce a new Krishi Kalyan Cess of 0.50% (creditable), adjust effective service tax incidence alongside existing cesses, reclassify spectrum assignment/transfer as taxable services, rationalize interest provisions, and modify exemptions for social-welfare and pension services. Several transport and construction-related exemptions are withdrawn or narrowed, and stage carriage passenger services are proposed to be taxed after abatement without input credit. Administratively, a dispute resolution scheme, simplified Cenvat Credit Rules, and expansion of tribunal benches are proposed to reduce litigation and improve credit flow. en-us Mon, 29 Feb 2016 19:41:12 +0530 Tue, 01 Mar 2016 11:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6705 Service tax reforms introduce a new Krishi Kalyan Cess of 0.50% (creditable), adjust effective service tax incidence alongside existing cesses, reclassify spectrum assignment/transfer as taxable services, rationalize interest provisions, and modify exemptions for social-welfare and pension services. Several transport and construction-related exemptions are withdrawn or narrowed, and stage carriage passenger services are proposed to be taxed after abatement without input credit. Administratively, a dispute resolution scheme, simplified Cenvat Credit Rules, and expansion of tribunal benches are proposed to reduce litigation and improve credit flow. Articles Service Tax Mon, 29 Feb 2016 19:41:12 +0530 https://www.taxtmi.com/article/detailed?id=6705