Exemption on payment to State Government Industrial Development Undertakings reg.
lease of plots
Notification No.41/2016-ST dated 22. 09. 2016
Central Government has exempted
Service tax on one time upfront amount paid to State Government industrial
development Corporations/ undertakings for granting of long term lease of industrial
plots to industrial units.
Exemption to advancement of Yoga
Notification No. 42/2016-ST dated 26. 09. 2016
CBEC through this notification
exempts the Service Tax on the services by way of advancement of yoga provided
by an entity registered under section 12AA of the income tax act
retrospectively to services rendered during the period 01.07.2012 to
20.10.2015.
Return Form ST 3 amended
Notification No. 43/2016-ST dated
28. 09. 2016
The CBEC has amended half
yearly Service Tax Return Form ST 3 by issuing notification namely ‘Service Tax
(Third amendment) rules, 2016’ to facilitate
changes in tables relating to the details of CENVAT, payment and
liability of Krishi Kalyan Cess & detailed disclosure of reversal under CENVAT
Credit Rule 6(3A) of CENVAT Credit Rules, 2004. this amended ST-3 form shall be
applicable from the date of publication of this notification in the official
gazette.
Issue of Notice by Department- revision of monetary limits
Notification No. 44/2016-ST dated 28. 09. 2016
Central Government has, vide this
notification, amended the adjudication powers of the officers.
Under the revised limits, the
Superintendent can issue notice provided that for the amount of service tax or CENVAT
credit specified in the notice should not exceed Rs. 10 lakhs (excluding the
cases relating to taxability of services or valuation of services and cases
involving extended period of limitation). Similarly in case of notice by
assistant Commissioner or deputy Commissioner such amount should not exceed Rs.
50 lakhs (except cases where Superintendents are empowered to adjudicate). For
the joint Commissioner or additional
Commissioner such amount is Rs. 50 lakhs and above but not exceeding Rs. 2
crores. While for the Commissioner there is no such monetary limit.
Exemption on transportation to Educational Institutions
Notification No. 45/2016-ST dated 30. 09. 2016
By this notification, Government
has exempted Service tax on transportation facility by educational institutions
to students, faculty and staff for the period commencing on and from the first
day of April, 2013 and ending with the tenth day of July, 2014 which was not
being collected by the educational institutions in view of the generally
prevalent practice.
