Notification No.03/2016-Service Tax, Dated 3rd February, 2016 - Rebate on Service Tax – Notification No. 39/2012 Service Tax, dated the 20th June, 2012 - Swachh Bharat Cess included in the explanation so as to provide rebate on SBC paid on all services, used in providing services exported in terms of rule 6A of the Service Tax Rules.
Notification No.02/2016-Service Tax, Dated 3rd February, 2016 - SEZ – Notification No.12/2013 Service Tax, dated the 1st July, 2013 - Refund – Swachh Bharat Cess – Refund allowed on SBC paid on specified services used in/by a SEZ unit/developer.
Notification No.01/2016-Service Tax, Dated 3rd February, 2016 – Rebate of service tax on export – Specified services – For the purpose of the Notification, Specified services means taxable services used beyond factory or other place of manufacture of the goods.
Rebate of service tax on export – Place of Removal – Meaning of place of removal removed in continuation of change in meaning of Specified Services.
Rebate of service tax on export – Rebate as percent of FOB value of goods – The rebate rate has been increased from 0.04 to 0.05, 0.06 to 0.07, 0.08 to 0.09, 0.12 to 0.14, 0.18 to 0.21 and 0.20 to 0.23.
Notification No.03/2016-Central Excise (N.T.),
Dated 3rd February, 2016 – Notification No. 45/2001 dated 16/06/2001 – Export of material under bond for Kholongchhu Hydro-Electric Project (KHEP) in Bhutan is inserted so as to relieve from the payment of Central Excise duty.
Notification No.02/2016-Central Excise (N.T.),
Dated 3rd February, 2016 – CENVAT Credit Rules – Definitions - Services by way of sale of dutiable goods on commission basis included in the input services to enable the dealers to take credit on the service tax paid. CENVAT Credit Rules- CENVAT Credit - CENVAT Credit of the duty specified in sub-rule (1) shall not be utilised for the payment of Swachh Bharat Cess.
Notification No.01/2016-Central Excise (N.T.), Dated 1st February, 2016 - CENVAT Credit – Cenvat credit rules 2004 – Special additional Duty paid under Customs Tariff Act – Eligible for CENVAT Credit to Provider of Taxable services also WEF 01/03/2015.
Click to download CENTRAL
EXCISE AND SERVICE TAX AUDIT MANUAL 2015