Source: Business standard New Delhi dated 19.7.2011 STR vol 23 pt 3 j97
Wednesday, August 3, 2011
Sushil Modi to head GST panel
Bihar Deputy chief Minister Sushil Modi has finally agreed to head the empowered committee on GST.
Negative list of services
It is planned to subject all services to service tax except those included in the negative list. Nineteen services may be in negative list which includes interest and dividend income, burial services, shortlisted by the Finance Ministry
The Finance ministry is also finalizing a definition of services though taxable services are currently defined.
The Indian Express New Delhi 19.7.2011 STR vol 23 part 3 j96
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