Certain Service Tax Notifications to be effective from 01.07.2012

By Vijay Kumar

THE following Service Tax Notifications which are to come into force from the date on which Section 66B comes into effect, that is 1st July 2012.

1. Notification No. 11/2012 -S.T Dated 17.03.2012: Valuation of Taxable Service:

2. Notification No. 12/2012 -S.T Dated 17.03.2012: Exemption to certain services like individual lawyers

3. Notification No. 13/2012 -S.T Dated 17.03.2012: Abatement

4. Notification No. 14/2012-S.T Dated 17.03.2012: Import of technology - exemption on R&D Cess paid.

5. Notification No. 15/2012 -S.T Dated 17.03.2012: Service Tax payable by provider or receiver or both; In the case of service provided by advocate, 100% of the tax is to be paid by recipient. For works contract, both the provider and receiver have to pay 50% each.