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SERVICE TAX Updates vide Budget 2019

SERVICE TAX Updates vide Budget 2019
  1. A dispute resolution cum amnesty scheme called the Sabka Vishwas Legacy Dispute Resolution Scheme,2019 is being introduced for resolution and settlement of legacy cases of Central Excise and Service Tax (Pre - GST cases)
 
  1. Special provision for retrospective exemption from service tax on service by way of grant of liquor licence by the State Government on the License Fee or the application fee charged during the period commencing from the 1st day of April, 2016 till 30th day of June, 2017. The Refund shall be made for all the Service Tax Collected , It has also been provided that the claim for refund shall be made within the period of 6 months from the date on which receives the assent of the President.
 
  1.  Special provision for retrospective exemption from service tax in certain cases relating to services provided by Indian Institutes of Management to students except Executive Development Programme by way of
-(a) 2 year full time Post Graduate Programmes in Management for the Post Graduate Diploma Management, to which admissions are made on the basis of Common Admission Test conducted by the Indian Institute of Management;
(b) fellow programme in Management;
(c) 5 year integrated programme in Management
during the period commencing from the 1st of July, 2003 till the 31st of March, 2016.
The Refund shall be made for all the Service Tax Collected , It has also been provided that the claim for refund shall be madewithin the period of 6 months from the date on which receives the assent of the President.
 
  1. Special provision for retrospective exemption from service tax in certain cases relating to long term lease of plots for development of infrastructure for financial business on the amount, called as premium, salami, cost, price, development charges or by any other name, payable in respect of service provided by State Government Industrial Development Corporations or Undertakings or by any other entity having 50% or more of the ownership of the CG/SG/UT, either directly or through an entity which is wholly owned by the CG/SG/UT by way of granting long term lease of 30 yrs or more of plots for development of infrastructure for financial business, to the developers in any industrial or financial business area during the period commencing from the 1st October, 2013 Till 30th June, 2017
The Refund shall be made for all the Service Tax Collected , It has also been provided that the claim for refund shall be madewithin the period of 6 months from the date on which receives the assent of the President.
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