Service Tax Proposals in Financial Bill, 2009 Presented by CA. Rajkamal Shah 3, Aakash Building, Br. Nath Pai Marg, Ghatkopar East, Mumbai / Tel. / Fax : / 69

 Works Contract Service – Payment under Composition Scheme  Territorial Jurisdiction  CENVAT Credit Rule 3 (5B)  CENVAT Credit Rule 6 (3)

 Tour operator’s service  Inter-bank transactions of purchase or sale of foreign currency  Club or Association service

 NN. 41/2007-ST replaced by 17/2009-ST  Complete exemption for payment under reverse charge mechanism - GTA service and BAS re. payment to foreign commission agents (NN 18/2009) – instead of refund  Includes Terminal Handling charges  Time limit extended to 1 year from the date of export  Refund claim can be filed anytime after the export consignment & not necessarily quarterly

 Thrust on self declaration  Declaration needs to be certified by the auditor in case refund claim exceeds 0.25% of FOB value  All original documents required to be filed  Refund claim to be settled within 1 month

 Revisionary powers of the Commissioner replaced with appeal to Comm.(App)  Benefit of exemption to GTA granted retrospectively from

 BAS – exemption to the process of manufacturing restricted  Stock Broker Service – Sub-brokers removed from taxable category  Definition of Information Technology Software Services – the word “acquiring” replaced by the word “ providing”  Transport of goods by rail

 Transport of Coastal Goods through Inland Waters  Cosmetic or Plastic Surgery  Legal Consultancy Service