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Saturday, April 29, 2017

The waves in the Taxability of ocean freight

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From July 2012, Service Tax shall be levied on all services other than those enumerated in the negative list U/s. 66D of Finance Act 1994 or those provided in the Mega Exemption Notification No. 25/2012. Thus after an act fulfills the conditions of the definition of the term service, it shall be verified if the service falls under the Negative List or the Mega Exemption List.

April 29, 2017 at 02:20PM

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from editor

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