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ANALYSIS OF SERVICE TAX NOTIFICATIONS OF THE YEAR 2013

 

CONTENTS

ANALYSIS OF SERVICE TAX NOTIFICATIONS OF THE YEAR 2013. 1

Service provided by Exporter against under Vishesh Krishi and Gram Udyog Yojana (VKGUY) duty credit script. 1

Service provided by Exporter against under Focus Product Scheme (FPS) duty credit script. 1

Service provided by Exporter against under Focus Market Scheme (FMS) duty credit script. 1

Advance Ruling provisions of Service Tax. 1

Educational Institutions. 1

Copyright in relation to cinematograph films. 1

Restaurant business. 1

Transportation by rail or vessels. 2

Transportation Services by a GTA.. 2

Parking Facility services. 2

Services provided to Government, a local authority or a governmental authority by way of repair or maintenance of an aircraft. 2

Charitable institutions. 2

Construction Services. 2

 

 

Sr. No.

Notification No.

The Topics to which it is relevant

Relevant sections

Interpretation

1.     

08/2013-ST dt. 18/04/2013

Service provided by Exporter against under Vishesh Krishi and Gram Udyog Yojana (VKGUY) duty credit script

---

This notification EXEMPT the taxable services provided or agreed to be provided against a scrip by a person located in the taxable territory from the whole of the service tax leviable thereon.

This notification shall be applicable to the Vishesh Krishi and Gram Udyog Yojana (VKGUY) duty credit scrip issued to an exporter by the Regional Authority

2.     

07/2013-ST dt. 18/04/2013

Service provided by Exporter against under Focus Product Scheme (FPS) duty credit script

---

This notification EXEMPT the taxable services provided or agreed to be provided against a scrip by a person located in the taxable territory from the whole of the service tax leviable thereon.

This notification shall be applicable to the Focus Product Scheme duty credit scrip issued to an exporter by the Regional Authority

3.     

06/2013-ST dt. 18/04/2013

Service provided by Exporter against under Focus Market Scheme (FMS) duty credit script

---

This notification EXEMPT the taxable services provided or agreed to be provided against a scrip by a person located in the taxable territory from the whole of the service tax leviable thereon.

This notification shall be applicable to the Focus Market Scheme duty credit scrip issued to an exporter by the Regional Authority

4.     

04/2013-ST dt. 01-03-2013

Advance Ruling provisions of Service Tax

Section 96A of the Finance Act

A resident Public limited company will also now be able to make an application for advance ruling

5.     

03/2013-ST dt. 01-03-2013

 

(Effective Date - 01/04/2013)

Educational Institutions

 

Mega Exemptions [Notification No. 25/2012 dated 20/06/2012]

Services provided by an educational Institution in relation to:

i) auxiliary educational services; or

ii) renting of immovable property;

Shall NOT BE EXEMPT from 01/04/2013

 

 

Copyright in relation to cinematograph films

 

Temporary transfer or permitting the use or enjoyment of a copyright in relation to cinematograph films will be EXEMPT IF IT IS EXHIBITED IN A CINEMA HALL OR CINEMA THEATRE

 

 

Restaurant business

 

Services provided in restaurants with air-conditioning or central air heating in any part of the establishment at any time during the year Shall NOT BE EXEMPT from 01/04/2013

 

 

Transportation by rail or vessels

 

Transportation by rail or a vessel of:

 

i)   petroleum and petroleum products

ii) postal mail or mail bags

iii) household effects

 

WILL NOT BE EXEMPT from 01/04/2013

 

 

Transportation Services by a GTA

 

Transportation of following goods by a GTA will also be EXEMPT from 01/04/2013:

i) agricultural produce

ii) foodstuff including flours, tea, coffee, jaggery, sugar, milk products, salt and edible oil, excluding alcoholic beverages;

iii) chemical fertilizer and oilcakes

iv) newspaper or magazines registered with the Registrar of Newspapers;

v) relief materials meant for victims of natural or man-made disasters, calamities, accidents or mishap

vi) defense or military equipments

 

 

 

 

Parking Facility services

 

Services by way of vehicle parking to general public excluding leasing of space to an entity for providing such parking facility WILL NOT BE EXEMPT from 01/04/2013

 

 

Services provided to Government, a local authority or a governmental authority by way of repair or maintenance of an aircraft

 

Services provided to Government, a local authority or a governmental authority by way of repair or maintenance of an aircraft WILL NOT BE EXEMPT from 01/04/2013

 

 

Charitable institutions

 

Advancement of any other object of general public utility will NOT BE COVERED UNDER THE DEFINITION OF CHARITABLE ACTIVITIES from 01/04/2013

6.     

02/2013-ST dt. 01-03-2013

Construction Services

Abatements [Notification No. 26/2012 dated 20/06/2012]

The Abatement on Construction services for other than residential units having a carpet area up to 2,000 sq. ft. or where the amount charged is less than Rs. 1Crs. WILL BE REDUCED TO 70% w.e.f. 01/04/2013