Highlights of service tax budget 2015-16
👉The rate of service tax has been proposed to be increased from 12.36% to 14%. Education cess 2% and higher and secondary education cess 1% will be subsumed into new rate of 14%. It will come
into effect on the notified date after enactment of finance bill.
👉Swachh Bharat Cess 2% will be leviable on all taxable services.
👉Service tax will be applicable even on gaming devices, amusement facility, bowling alleys, water parks, theme parks.
👉Explanation added to the definition of service to impose service tax on lottery distributor and selling agents.
👉All reimbursable expediture will be liable for the payment of service tax.
👉Construction and maintenance related exemption has been narrowed down.
👉Abulance service has been exempted.
👉Services of admission to museum, zoo, national park, wild life century has been exempted.
👉Service tax on air transportation of passengers in business class has beeen increased and will be payable on 60% of value.
👉Manpower and security service provided by individual, HUF, partnership or body corporate, on the entire value service tax will be payable by the reciever of service only.
👉The rate of service tax has been proposed to be increased from 12.36% to 14%. Education cess 2% and higher and secondary education cess 1% will be subsumed into new rate of 14%. It will come
into effect on the notified date after enactment of finance bill.
👉Swachh Bharat Cess 2% will be leviable on all taxable services.
👉Service tax will be applicable even on gaming devices, amusement facility, bowling alleys, water parks, theme parks.
👉Explanation added to the definition of service to impose service tax on lottery distributor and selling agents.
👉All reimbursable expediture will be liable for the payment of service tax.
👉Construction and maintenance related exemption has been narrowed down.
👉Abulance service has been exempted.
👉Services of admission to museum, zoo, national park, wild life century has been exempted.
👉Service tax on air transportation of passengers in business class has beeen increased and will be payable on 60% of value.
👉Manpower and security service provided by individual, HUF, partnership or body corporate, on the entire value service tax will be payable by the reciever of service only.
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