[By Shaleen Shah (Partner), VNCA]
The Finance Bill, 2015 has received the Presidential assent on 14-May-2015 and stands enacted.
In the First Part of our Budget Circular on Service Tax, we had informed you the changes made effective immediately from 1-Mar-2015 and changes effective from 1-Apr-2015.
Following amendments get incorporated in the Finance Act,1994 immediately on enactment of the Finance Bill, 2015 and are effective from14-May-2015:
1. Services provided by the government are included in the Negative List subject to a few exceptions. Further, specified services received by the government are also exempt. Hitherto, the term “government