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Budget 2012- Analysis of Service Tax provisions by BC (23rd March 2012)

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Budget 2012- Analysis of Service Tax provisions by BC (23rd March 2012)

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Approach of applicability of service tax on services changed from Positive List to Negative List. Rate of Service tax is being increased from 10% to 12%. Services declared to be taxable to avoid confusion. Changes in abatements rate. Service Recipient to pay service tax in certain cases