Blogs

Issues and Possible resolution – Negative List  

In this article we examine some of the common issues arising from the negative list entries in sequence.  

Agriculture related services  

1. Whether agriculture operations should be carried out in rural area only for coverage by negative list entry?  

Comment: No. There is no condition that the agriculture activities should be performed in rural area only.  

2. Whether activities of horticulture, animal...

Introduction:  

The service tax law based on negative based taxation has been effective from 1st of July 2012. This regime is expected to augment the government’s revenue even in this period of slack business/ growth by tapping hitherto untaxed areas of various activities. It is expected that the new law would lead to large amount of disputes and challenges where unintended transactions would be subjected to the tax. One of the main issues causing concern in the trade is the joint...

This category covers information technology, IT enabled service and telecommunication industry. Today businesses are done in various complex manner through different jurisdictions in different countries.  

They could be : Software and hardware supply, turnkey contracts, Build Operate Transfer, Build Own Operate and Transfer, software as a service, professional supply service are different modes of doing business. The dominant motive of the transaction, applicability of aspect theory,...