This guide is aimed at educating the tax payers and the tax administrators on various aspects of the new concept in order to assist them in gaining better understanding about the new system of taxation. It is clarified at the outset that this guide is merely an educational aid based on a broad understanding of a team of officers of the issues. It is neither a "Departmental Circular" nor a manual of instructions issued by the Central Board of Excise and Customs. To that extent it does not command the required legal backing to be binding on either side in any manner. The guide is being released purely as a measure of facilitation so that all stakeholders obtain some preliminary understanding of the new issues for smooth transition to the new regime. 1.3 What is the key to using this Guide? The guide consists of a number of Guidance Notes. Each of the notes deals with a specific topic relating to the negative list. The list of these educational notes is as followsGuidance Note 1
Introduction
Guidance Note 2
What is 'service'?
Guidance Note 3
Taxability of a 'service'
Guidance Note 4
Negative List
Guidance Note 5
Place of Provision of Service
Guidance Note 6
Declared Services
Guidance Note 7
Exemptions
Guidance Note 8
Valuation
Guidance Note 9
Rules of Interpretation
Guidance Note 10
Miscellaneous
In addition, the Guide has the following three Exhibits: ♦ Exhibit A1 - List of services specified in the negative list ♦ Exhibit A2 - Place of Provision of Service Rules, 2012. ♦ Exhibit A3- List of exemptions in mega notification 1.4 What is the broad scheme of new taxation? The key features of the new system of taxation are as follows:
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