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Negative List - Service Tax, Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com

FAQs on Negative List - Service Tax, Indirect Tax Laws Video Lecture - Indirect Tax Laws - B Com

1. What is a Negative List in Service Tax?

Ans. The Negative List in Service Tax refers to the list of services that are exempt from the levy of service tax. These services are not subject to service tax and are excluded from the tax net.

2. What are Indirect Tax Laws in B Com?

Ans. Indirect Tax Laws in B Com refer to the set of laws and regulations that govern the taxation of goods and services. These laws include the Goods and Services Tax (GST), Central Excise Duty, Customs Duty, and Service Tax, among others.

3. What is the significance of the Negative List in Service Tax?

Ans. The Negative List in Service Tax is significant as it provides clarity on the services that are exempt from service tax. It helps businesses and individuals to understand which services are not liable to be taxed, thereby avoiding unnecessary tax liabilities.

4. How does the Negative List impact businesses and individuals?

Ans. The Negative List impacts businesses and individuals by providing them with a clear understanding of the services that are exempt from service tax. It helps businesses in determining their tax liabilities and ensures that they do not inadvertently include exempt services in their tax calculations.

5. What are some examples of services included in the Negative List?

Ans. Some examples of services included in the Negative List are healthcare services, educational services, services provided by the government, services provided by charitable organizations, and services related to agriculture and animal husbandry. These services are exempt from service tax.

Text Transcript from Video

shortcut to remember service tax
negative list alphabetic order method a
advertisement only print media be
bridges Z cabs means transportation of
passengers radio taxi excluded D
diplomatic mission embassy e electricity
F funeral includes transportation of
deceased G goods transportation H house
residential I interest banking financial
insurance
J journey payment of toll charges k PT
agriculture L lottery betting gambling M
manufacture on which excise duty payable
Q qualification education r RB I s
soccer government t trading of goods
hence the total 17 services are a
negative list and all are covered in it
hello chartered hope we had added value
to your knowledge through this video if
so please like share and comment on this
video and subscribe our YouTube channel
for more videos thanks for watching the
video I am see a student achieving
excellence together

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Oct 04, 2025 Last updated

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