All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

Concept of negative list for service tax introduced

October 19, 2011
Share

The recently released concept paper on taxation of services based on the Ministry of Finance’s negative list concept has evoked mixed reactions from industry. This is an important development and while industry has lauded the move towards a comprehensive and simplified service tax regime, Harishanker Subramaniam of Ernst & Young explains that there are strong views on the timing of its implementation and its impact on certain sectors.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login

Tags

FeatureIndia Quarterly November 2011-January 2012 (September 2011)

More from across our site

tabrez-syed-eu-tax.jpg
This week in tax: EU officials consider loopholes to minimum tax
This week European Commission officials consider legal loopholes to secure minimum corporate taxation, while Cisco and Microsoft shareholders call for tax transparency.
Josh White, July 01, 2022
mcdo2.jpg
McDonald’s court settlement makes case for TP reviews
The fast-food company’s tax settlement with French authorities strengthens the need for businesses to review their TP arrangements and documentation.
Leanna Reeves, June 30, 2022
brazil_2000pixel.jpg
Brazil’s tax authority unveils game-changing TP plan
The full ALP model will be adopted through a new TP regime, which is set to boost the country’s investments and tax certainty.
Leanna Reeves, June 30, 2022
online sales tax.jpg
Experts say UK online sales tax would hold back businesses
Tax professionals have called on the UK government to reconsider its online sales tax as it would affect the economy at the worst time.
Siqalane Taho, June 29, 2022
e-invoicing_calls.jpg
E-invoicing compliance demands company attention: tax experts
Tax professionals have called on companies to act urgently to meet e-invoicing compliance targets as the EU plans to ramp up digitisation.
Siqalane Taho, June 29, 2022
Sponsored
oranges-4566275.jpg
Looking inward and outward – ITR’s India Special Focus launched
In the wake of India’s ambitious 25-year plan for economic growth, ITR has partnered with leading tax commentators to discuss what the future will look like for India and for the rest of the world.
Alice Jones, June 29, 2022
LONDON, UK - January 24th 2019: HMRC, Her Majesty's Revenue and
HMRC reports £32bn tax gap for FY 2020-21
But experts cast doubt on HMRC's data and believe COVID-19 would have increased the revenue shortfall.
Leanna Reeves, June 27, 2022
Warsaw/Poland, April 8, 2018: View on EY (formerly Ernst&Young) logo on headquarters
EY’s ‘Project Everest’ could boost business but not the brand
EY’s plan to separate its auditing and consulting businesses might lessen scrutiny from global regulators, but the brand identity could suffer, say sources.
Danish Mehboob, June 27, 2022
Row of microphones, flags, papers and other on long table in conference hall
Businesses call on G7 leaders for meaningful carbon taxes
Multinationals are asking world leaders to put a scale on carbon pricing to tackle climate change at the 48th G7 summit in Germany, from June 26 to 28.
Danish Mehboob, June 27, 2022
Budapest city skyline at Hungalian Parliament and Danube River,
Hungary rejects plan for 15% corporation tax rate
The state secretary told the French press that the country continues to oppose pillar two’s global minimum tax rate following an Ecofin meeting last week.
Leanna Reeves, June 24, 2022
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree