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Date 1-Mar-2015 Issuing Authority Service Tax
Notification Number 07/2015 Authority Type Notification
Subject Seeks to amend notification No. 30/2012-Service Tax dated 20th june, 2012, so as to prescribe, the extent of service tax payable by the service provider and any other person liable for paying service tax other than the service provider.

 

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

 

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)

 

 

New Delhi, the 1st March, 2015

 

NOTIFICATION No.07/2015-Service Tax,

 

G.S.R.(E).-In exercise of the powers conferred by sub-section (2) of section 68 of the Finance Act, 1994 (32 of 1994), the Central Government, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 30/2012-Service Tax, dated the 20thJune, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 472 (E), dated the 20thJune, 2012, namely:-

 

1. In the said notification,-

 

(i) in paragraph I, in clause (A),-

 

(a)after sub-clause (ia), the following sub-clauses shall be inserted, namely:-

 

"(ib) provided or agreed to be provided by a mutual fund agent or distributor,to a mutual fund or asset management company”;

 

“(ic)provided or agreed to be provided by aselling or marketing agent of lottery tickets to a lottery distributor or selling agent;”;

 

(b)insub-clause(iv), initem (C),with effect from such date as the Central Government may, by notification in the Official Gazette, appoint, the words “by way of support services” shall be omitted;

 

(c)after the sub-clause (v), with effect from the 1st day of March, 2015, the following sub-clause shall be inserted, namely:-

 

“(vi) provided or agreed to be provided by a personinvolving an aggregator in any manner;”;

 

(ii)in paragraph (II),-

 

(A)for the portion beginning with brackets, letters and words “(II) The extent of service tax payable” and ending with words “namely:-”, the following shall be substituted with effect from 1stMarch, 2015, namely:-


 

 

“II. The extent of service tax payable thereon by the person who provides the service and any other person liable for paying service tax for the taxable services specified in paragraph I shall be as specified in the following Table, namely:-”;

 

(B) in the Table,-

 

(i)in column (4), for the column heading, the following column heading shall be substituted with effect from 1st March, 2015, namely:-

 

“Percentage of service tax payable by any person liable for paying service tax other than the service provider”;

 

(ii) after Sl. No. 1A and the entries relating thereto, the following Sl Nos. and entries shall be inserted, namely:-

 

 

 

"1B.

in  respect  of  services  provided  or  agreed  to  be

provided by a mutual fund agent or distributor, to a

mutual fund or asset management company

Nil

100%

 

1C.

in  respect  of    service  provided  or  agreed  to  be

provided by a selling or marketing agent of lottery

tickets to a lottery distributor or selling agent

Nil

100%";

 

 

 

  1. againstSl. No. 8, in column (3) and column (4), for the existing entries, the entries“Nil” and “100%” shall respectively be substituted;

 

  1. afterSl. No. 10 and the entries relating thereto, with effect from 1stMarch, 2015, the following Sl. No. and entries shall be inserted, namely:-

 

“ 11.

in respect of any service provided or agreed to be

provided  by  a  person  involving  an  aggregator  in

any manner

Nil

100%”.

 

 

 

2.Save as otherwise provided, this notification shall come into force on the 1stday of April, 2015.

 

[F.No. 334 /5/ 2015-TRU]

(Akshay Joshi) Under Secretary to the Government of India


 

 

Note:-The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 30/2012 - Service Tax, dated the 20thJune, 2012, VIDE number G.S.R. 472 (E), dated the 20thJune, 2012 and last amended VIDE notification No. 10/2014-Service Tax, dated the 11thJuly, 2014 vide number G.S.R. 479(E), dated the 11thJuly, 2014 .

 

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