Budget 2015 enacted on 14-May-2015 – Service Tax Amendments effective from enactment

May 16, 2015
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[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

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