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Ambit of ‘Agreeing to Obligation to Refrain from Act or Tolerate an Act or To Do an Act’
When the positive list of taxation under service tax laws was done away with the introduction of negative list, a new concept of ‘declared services’ was introduced with effective from 01 July 12. Declared services are list of activities or transactions, which were specifically covered under the definition of ‘service’ under the pre-GST[1] laws to clear away the ambiguity, if any, and to drive home the point that such activities or transactions are also services. When the negative list was phased out with the advent of GST laws, majority of the entries of declared services were carried and incorporated into GST laws vide Schedule II of CT Act[2].
Read more: Ambit of ‘Agreeing to Obligation to Refrain from Act or Tolerate an Act or To Do an Act’