Budget 2012-2013 - Amendments in Service Tax
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....udget 2012-2013 - Amendments in Service Tax<br>By: - Surender Gupta<br>Service Tax<br>Dated:- 19-3-2012<br><br>Rate of Service Tax / Exemption from Service Tax (w.e.f. 17-3-2012 or w.e.f. 1-4-2012) ....
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.... (Notifications as amended available on www.taxmanagementindia.com) Sr. No. Particulars Old Provisions New Provisions Effective Date 1. Common facility set-up for treatment and recycling of eff....
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....luents and solid waste with financial assistance from the central or state government. ST ntf. 1/2012 amends ntf 42/2011 Only dying unit's club or association were eligible All club or association ....
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....are eligible 17-3-2012 2. Effective Rate of Service Tax ST nft. 2/2012 rescinds nft. 8/2009 10% 12% 1-4-2012 3. Exemption upto Rs. 10 Lacs in case small service provider - amends the term "Ag....
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....gregate value" instead of "aggregate value not exceeding ten lakh rupees" Nft. 5/2012 amends nft. 6/2005 Changes corresponding to POT Rules, 2011 1-4-2012 4. Exemption in relation to air passenge....
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....r transport Nft. 6/2012 supersedes nft. 26/2012 Economy class within India - maximum Rs. 150 Outgoing international - maximum Rs. 750 All Class Exemption 60% Levy of ST on 40% 1-4-2012 5. Ra....
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....il Transport Notification no. 7/2012, 8/2012 & 9/2012 Exemption extended upto July 1, 2012 - 6. Rate of ST on works contract - composition scheme 4% 4.8% 1-4-2012<br> Scholarly articles for kn....
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