https://www.taxtmi.com/article/detailed?id=6765 Service tax scope was broadened so services by Government or local authorities to business entities are taxable under reverse charge with limited exclusions and a small-turnover exemption; complementary amendments reclassified certain services between forward and reverse charge and created potential interim-period taxability issues for spectrum assignments pending enactment. Concurrently, the Mega Exemption and Abatement regimes were revised and Cenvat Credit Rules were overhauled to expand definitions, permit credit for specified supplies, introduce dual options for credit reversal or apportionment for exempted outputs, impose time limits on capital goods credit for exempted use, and tighten ISD, invoice and annual return procedures. en-us Fri, 01 Apr 2016 14:01:00 +0530 Fri, 01 Apr 2016 15:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6765 Service tax scope was broadened so services by Government or local authorities to business entities are taxable under reverse charge with limited exclusions and a small-turnover exemption; complementary amendments reclassified certain services between forward and reverse charge and created potential interim-period taxability issues for spectrum assignments pending enactment. Concurrently, the Mega Exemption and Abatement regimes were revised and Cenvat Credit Rules were overhauled to expand definitions, permit credit for specified supplies, introduce dual options for credit reversal or apportionment for exempted outputs, impose time limits on capital goods credit for exempted use, and tighten ISD, invoice and annual return procedures. Articles Budget - Tax Proposals Fri, 01 Apr 2016 14:01:00 +0530 https://www.taxtmi.com/article/detailed?id=6765