Description
Lexis Nexis Service Tax Law by PITHISARIA and PITHISARIA
Since the inception of the Service Tax provisions (w.e.f. 1-7-1994), much water has flowed not only in the shape of continuous and torrential amendments effected by the Legislature but also judicial pronouncements handed down by the different CESTAT Benches, CEGAT Benches, High Courts and the Supreme Court.It may be recalled that the Service Tax provisions were introduced in 1994 Budget for the first time in India. No separate enactment has been enacted for the Service Tax provisions till date. The provisions of Service Tax were originally enacted as Chapter V of the Finance Act, 1994 (32 of 1994), containing sections 64 to 96. By the Finance Act, 2003 (32 of 2003), a new Chapter VA, relating to Advance Rulings with respect to Service Tax, containing sections 96A to 96-I, was inserted. At its inception (w.e.f. 1-7-1994) only three services, i.e., Stock Broker Services, Telephone Services and General Insurance Business Services, were brought under Service Tax net and a meagre rate of 5% was fixed as Service Tax. From time to time number of taxable services goes on increasing and also the rate of Service Tax. At present, the rate of Service Tax is 12.24% and the number of taxable services brought under Service Tax net is 97.
Key Features:-
- Charts 1 to 11 Various important Service Tax provisions enumerated in brief at a glance
- Divided into 178 chapters contains Definitions as given under Service Tax provisions
- Divided into 118 chapters contains Taxable services as given under Service Tax provisions
- Divided into 50 chapters contains Chapterwise and sectionwise enumeration of statutory provisions
- Divided into 21 Appendices contains Exhaustive collection of full and accurate texts of all the Rule
- Each and every definition from its very inception has been reproduced