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Service Tax Negative List as Amended by Finance Act 2016 In terms of Section 66B of the Finance Act, 1994 service tax will be leviable on all services provided in the taxable territory by a person to another for a consideration other than the services specified in the Service Tax Negative List. However Service Tax Negative List specified services which is out of the ambit of service tax applicability i.e. service tax exemption without any condition. The negative list of services is specified in the Act itself in the Section 66D of Finance Act 1994. In all, there are seventeen heads of services that have been specified in the negative list services. Read Also: Free & Updates
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