A workshop on service tax organised by the Department of Central Excise and Service Tax will be held on July 24. The workshop will be presided over by Sheila Sangwan,Member (Service Tax),Central Board of Excise and Customs,New Delhi.
The aim is to reach out to tax payers about the new version of service tax. The new system encompasses comprehensive taxation of services and reflects a paradigm shift from the system where only services of specified descriptions were subjected to tax. The difficulties in the earlier system were a lack of systematic coverage backed by clear definitions,exposing the tax collection process to avoidable leakages and litigation. In the new system all services,except those specified in the negative list,will be subject to taxation.