Further, the scope of several existing services has been expanded as under

Budget to be presented on 16th March FM issues Advisory to CESTAT to ensure that orders are issued by Benches on conclusion of arguments and in complicated matters orders should be issued within 30 days Madras High Court stays levy of service tax on lawyers economic growth slows to 6.9 per cent Sunil Kumar appointed as Chief Secretary of Chattisgarh Amarchand Mangaldas to open offices in Chennai Ahmedabad & Pune US closes its embassy in Syria Sudha Sharma appointed as Member of CBDT Rupee hits a high of 48.73 against Dollar Laxman Das is Officiating Chairman of CBDT Tariff Value for import of gold is 556 & for silver 1067 & for Brass Scrap 4078 & for poppy seeds 2205-Customs Non-Tariff Notification No. 10 Fused Silica is classifiable under Tariff Item 32074000-Customs Circular No.3 Additional Commisssioner of Income Tax HA Siddiqui sentenced to 4 years imprisonment for accepting bribe of Rs 1 Lakh by CBI Court in Delhi HC upholds levy of service tax on booking of flats-The explanation which was inserted by the Finance Act of 2010 clearly brings within the fold of taxable service a construction service provided by the builder to a buyer where there is an intended sale between the parties whether before, during or after construction Authority for Advance Ruling rules super concentrates shall be classified as products of the chemical industry under heading 3824 90 90 of Customs Tariff Anti dumping duty imposed on import of Morpholine from China European Union & USA Anti dumping duty imposed on import of Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms from Refund of Anti-Dumping Duty (Paid in Excess of Actual Margin of Dumping) Rules, 2012 notified-Customs Non-Tariff Notification No.5 Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Amendment Rules, 2012-Customs Non-Tariff Notification No.6 Safeguard duty at the rate of 10% ad valorem notified on import of Phthalic anhydride, falling under tariff item 2917 35 00-Customs SG Notification No.1 Customs duty on import of Gold, Silver, Cut & Polished Diamonds hiked Customs duty to be charged at the rate of 2 per cent of Tariff Value on gold and 6 per cent of Tariff Value on silver Tariff Value for import of gold & silver notified-Customs Non-Tariff Notification No.3 Anti-dumping duty on imports ofSilk fabrics 20-100 gms per metre, falling under heading 5007 originating in, or exported from, China-CustomsTariff Notification No. 2 Anti-dumping duty imposed on imports of Nylon Filament Yarn, falling under Chapter 54 ,originating in, or exported from, China, Chinese Taipei, Malaysia, Thailand and Korea RP-Customs TariffNotification No.3 Anti-dumping duty imposed on import of Phosphoric Acid of allgrades and all concentrations (excluding Agriculture/Fertilizer Grade) ,falling under tariff item 28092010, originating in, or exported from, Israel and Taiwan-Customs Tariff Notification No.4 Anti-dumping duty on imports of Cellophane Transparent Film , falling under Chapter 39 , originating in, or exported from, China-Customs TariffNotification No.5 Anti-dumping duty onimports of Saccharin, falling under Chapters 29, 30, 33 and 38 ,originating in, or exported from, China-Customs Tariff Notification No.7 Special Bench of ITAT rules the appellant is not entitled to set off carry forward business loss against the long term capital gain arising on sale of land used for the purpose business ITAT rules Long Term and Short Term gains / losses on sale of equity shares under Portfolio Management Scheme is business income and not Capital Gains HC rules the opinion of the AO may have been legally erroneous but this cannot be a ground for initiation of re-assessment proceedings Anti-dumping duty on ‘Caustic Soda’, originating in, or exported from, Saudi Arabia, Iran, Japan, USA & France-Customs Tariff Notification No.1 Cost Accountants can issue Certificates for the purpose of refund of 4% CVD-Customs Circular No.1 Customs duty on import from ASEAN nations lowered- Customs Tariff Notification No.127 deeper tariff cut on import from Malaysia notified- Customs Tariff Notification No.128 deeper tariff cuts on import from Korea notified- Customs Tariff Notification No.123 deeper tariff cuts on import from Srilanka & Pakistan under SAFTA notified- Customs Tariff Notification No.125 Schedule of Rates for Service Tax Refund to Exporters notified in supersession of Notification No.17/2009-Service Tax Notification No. 52 Customs duty on import of several products from specified countries lowered-Customs Tariff Notification No.113 Anti-dumping duty on ‘Sodium Hydrosulphite (SHS)’, falling under headings 2831 and 2832 , originating in, or exported from, China PR- Customs Tariff Notification No.111 CBEC specifies documents required for Registration of ServiceTax Customs duty on import of 532 Products from Singapore lowered-many products exempted from duty-Customs Tariff Notification No. 106 Government allows Rebate of excise duty on export of goods to Nepal under ARE-1 Procedure w.e.f. 1st March 2012-Central Excise Non-Tariff Notification No.24

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Further, the scope of several existing services has been expanded as under:
Inclusion under banking and other financial services of
(i) services in relation to transfer of money through different modes by any person;
(ii) services provided as banker to an issue;

Specific mention has been made of consultancy in different areas of management under management consultancy service;

Inclusion of re-insurance under general insurance and life insurance services;

Inclusion of service provided to a policy holder or any person or an insurer, including a re-insurer, under insurance auxiliary service concerning general insurance business and life insurance business;

Renaming of “maintenance or repair service”, as “management, maintenance or repair service”, and to include management of movable property;

Inclusion of erection, commissioning or installation of pre-fabricated structures under erection, commissioning or installation service;

Inclusion of services provided by any firm or body corporate under consulting engineer service;

Amendment of the definition of Business auxiliary service so as to exclude computerized data processing and maintenance of computer software from the scope of the definition;

To clarify that technical testing and analysis service,

(i) includes clinical testing of drugs and formulations; and
(ii) does not include testing or analysis for the purpose of determination of the nature of diseased condition, identification of a disease, prevention of any disease or any disorder in human beings or animals.

Service tax is liable to be paid by the body corporate or firm receiving sponsorship services under reverse charge method. This is in variance with the general practice of charging service tax from the service provider. For this purpose notification No.36/2004-ST dated 31.12.2004 has been amended vide notification Notification No.16/2006-STdated 25th April, 2006.

At present, air travel agents are given option to pay service tax at the rate of 0.5% of the basic fare in the case of domestic bookings and at the rate of 1% of the basic fare in the case of international bookings. Consequent on the increase in the rate of service tax from 10% to 12%, the above mentioned rates have been increased from 0.5% to 0.6% in the case of domestic bookings and from 1% to 1.2% in the case of international bookings, with effect from 1st May, 2006. For this purpose, Service Tax Rules, 1994 have been amended vide Notification No.17/2006-Service Tax dated 25th April, 2006.
Services provided in relation to transport of goods in containers by rail are leviable to service tax with effect from 1st May, 2006. In order not to levy service tax on the freight amount paid to railways for transport of goods in containers, an abatement of 70% from the gross amount charged for transport of goods in containers by rail is prescribed vide Notification No. 20/2006-ST dated 25th April, 2006. Consequently, service tax will be chargeable only on 30% of the gross amount charged for transport of goods in containers by rail.