https://www.taxtmi.com/article/detailed?id=6826 The Finance Act, 2016 amends Service Tax by introducing the Krishi Kalyan Cess thereby increasing the effective rate, removing specified education services from the Negative List while incorporating corresponding exemptions in the Mega Exemption Notification, and declaring assignment and transfers of radio frequency spectrum as taxable Declared services. It raises recovery limitation in non fraud cases, reconfigures interest and penalty regimes, narrows arrest powers with higher thresholds, enlarges Point of Taxation rule making powers, and provides restorative exemptions and refund windows for certain infrastructure contracts and services. en-us Wed, 18 May 2016 05:56:42 +0530 Wed, 18 May 2016 05:56:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6826 The Finance Act, 2016 amends Service Tax by introducing the Krishi Kalyan Cess thereby increasing the effective rate, removing specified education services from the Negative List while incorporating corresponding exemptions in the Mega Exemption Notification, and declaring assignment and transfers of radio frequency spectrum as taxable Declared services. It raises recovery limitation in non fraud cases, reconfigures interest and penalty regimes, narrows arrest powers with higher thresholds, enlarges Point of Taxation rule making powers, and provides restorative exemptions and refund windows for certain infrastructure contracts and services. Articles Service Tax Wed, 18 May 2016 05:56:42 +0530 https://www.taxtmi.com/article/detailed?id=6826