Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: empanelment :: due date for vat payment :: VAT Audit :: ACCOUNTING STANDARD :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: cpt :: ACCOUNTING STANDARDS :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4%
 
 
Latest Circulars »
 RBI-External Commercial Borrowings (ECB)
 Issuance of 28 days Cash Management Bills under Market Stabilisation Scheme (MSS)
 Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016)
 All You wanted to know from RBI about: Withdrawal of Legal Tender Status of ₹ 500 and ₹ 1000 Notes
 Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
 Withdrawal of Legal Tender status of banknotes of ₹ 500 and ₹ 1000: Activity at Banks during November 10-27, 2016
 Reserve Bank of India Act, 1934 – Section 42(1A) Requirement for maintaining additional CRR
 Chest Guarantee Scheme for Specified Bank Notes (SBNs) - CGSS
 Quarterly Projection Model for India: Key Elements and Properties
  Special measures to incentivise Electronic Payments – (i) Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs) in India (ii) Special measures for merchants
 Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 23, 2016)

Seeks to amend notification No. 26/2012-Service Tax, dated 20th June 2012, so as to make necessary amendments in the specified entries prescribing taxable portion and the conditions for availing the exemption therein.
March, 04th 2015
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]

                                   GOVERNMENT OF INDIA
                                   MINISTRY OF FINANCE
                                 (DEPARTMENT OF REVENUE)

                                                                    New Delhi, the 1st March, 2015
                                         NOTIFICATION
                                       No. 8/2015-Service Tax,

       G.S.R. ---(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the
Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in
the public interest so to do, hereby makes the following further amendments in the notification of
the Government of India in the Ministry of Finance (Department of Revenue), No.26/2012-
Service Tax, dated the 20th June, 2012, published in the Gazette of India, Extraordinary, Part II,
Section 3, Sub-section (i), vide number G.S.R. 468 (E), dated the 20th June, 2012, namely:-




1. In the said notification, in the Table,-

(i) against Sl. No. 2, in column (4), for the entry, the following entry shall be substituted,
     namely:-

       "CENVAT credit on inputs, capital goods and input services, used for providing the
       taxable service, has not been taken under the provisions of the CENVAT Credit Rules,
       2004.";

(ii) against Sl. No. 3, in column (4), for the entry " Nil", the entry "Same as above" shall be
      substituted;

(iii) for Sl. No. 5 and the entries relating thereto, the following serial number and entries shall be
      substituted, namely:-

     (1)                  (2)                       (3)                    (4)
     "5 Transport of passengers by air, with
        or without accompanied belongings                   CENVAT credit on inputs and
        in                                                  capital goods, used for providing
                                                            the taxable service, has not been
             (i) economy class                       40     taken under the provisions of the
                                                            CENVAT Credit Rules, 2004.";


             (ii) other than economy class           60

(iv) against Sl. No. 7, in column (3), for the entry "25", the entry "30" shall be substituted;
(v) Sl. No. 8 and entries relating thereto shall be omitted;






(vi) against Sl. No. 10, in column (3), for the entry "40", the entry "30" shall be substituted.

2. This notification shall come into force on the 1st day of April, 2015.

                                                                            [F.No. 334/5/2015 - TRU]



                                                                                (Akshay Joshi)
                                                    Under Secretary to the Government of India

Note:-The principal notification No. 26/2012 - Service Tax, dated 20th June, 2012, was
published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i) vide number
G.S.R. 468 (E), dated the 20th June, 2012 and was last amended by notification No.08/2014-
Service Tax, dated the 11th July, 2014 vide G.S.R. 477 (E), dated the 11th July, 2014.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions