Clarification regarding leviability of Service Tax in respect of Services provided by arbitral tribunal and members of such tribunal

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..../934-56 Dated: 16-06-2016 TRADE NOTICE NO. 02/2016-17 Attention of the trade is invited to Circular No. 193/03/2016-Service Tax Dated 18.05.2016 issued vide F. No. 356/1/2016-TRU by Government of India, Ministry of Finance, Department of Revenue, CBEC, New Delhi regarding clarification regarding leviability of Service Tax in respect of services provided by arbitral tribunal and members of such ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ned the same meaning in the exemption notificati01i No. 25/2012-ST [paragraph 2(c )] as in clause (d) of Section 2 of the Arbitration and Conciliation Act 1996, which is as follows:- "arbitral tribunal means asole arbitrator or a panel of arbitrators" 2.2 In the Budget 201017, the entry at (c) of Sl. No. 6 of notification 25/2012-ST has been omitted w.e.f 01.04.2016. It read as: "S....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of law. Any reference in Service Tax law to an "arbitral tribunal" necessarily includes the natural person on the arbitral tribunal, by virtue of clause (d) of Section 2 of the. Arbitration and Conciliation Act, 1996. Services are provided or agreed to be provided by the panel of arbitrators, as comprising the several natural persons on the said panel, to the business entity or to the ar....