Service tax based on Negative List
Negative list of services means the list of services on which there is no service tax. If you are providing any of the services mentioned in the negative list then you can provide the service even without Service tax registration.
The Negative list has been organised into nine sectors and incorporates twenty-seven objects. The try and consist of a few objects from all sectors is apparent. The sectors contain targeted persons, social welfare and public utilities, agriculture and animal husbandry, monetary sector, transport, production and actual estate, education, fitness and others.
The Negative list additionally places to relaxation the fuzziness concerning levying carrier tax on renting of immovable assets and sale of a SIM-card — each are honestly recognized as services.
The Negative list additionally places to relaxation the fuzziness concerning levying carrier tax on renting of immovable assets and sale of a SIM-card — each are honestly recognized as services.
Since the globalization of business is a two-way process, the integration of the Indian economy with the rest of the world with all its attendant benefits is achieved through foreign investment.