What does negative list mean?
Negative list means the list of services which are exempt from service tax. As per Section 66B of Finance Act, 1994, service tax shall be levied on all services, except the services specified in the negative list. As per Sectin 66D, there are total 17 services which are in negative list as mentioned below.
What is negative investment list Indonesia?
It is a set of business sectors list which let investors know which is okay to invest plus its regulation, especially regarding shared ownership. Indonesia Negative Investment List is made to protect Indonesian economy, as well as to provide more business chances to investors.
In which sectors FDI is prohibited in India?
FDI in India is currently not permitted in the following sectors:
- Lottery Business including Government /private lottery, online lotteries, etc;
- Gambling and Betting including casinos etc.;
- Chit funds;
- Nidhi company (borrowing from members and lending to members only);
- Trading in Transferable Development Rights (TDRs);
What is negative list in business?
The term negative list is used to define industries in which foreign companies cannot invest and specifies restrictions or bans on certain types of foreign investment. For those industries not included in the negative list, foreign investors no longer need to go through the long approval process.
What is negative investment?
Any investment that costs more to hold than it returns in payments can result in negative carry. A negative carry investment can be a securities position (such as bonds, stocks, futures, or forex positions), real estate (such as a rental property), or even a business. This is also called the negative cost of carry.
Is FDI allowed in tea plantation?
Other than agricultural services, 100% FDI is only allowed in the tea sector. The data for FDI inflows shows that foreign investors have a keen interest in the Indian market.
Who Cannot do FDI?
The present policy prohibits FDI in the following sectors: Gambling and Betting. Lottery business (including government/ private lottery, online lotteries etc) Activities /sectors not open to private sector investment (eg, atomic energy /railways)
Can imports be negative?
Import values in trade in services can be legitimately negative in the following cases: Insurance, Financial Services (due to financial intermediation services indirectly measured (FISIM), see below), and Merchanting (or Net exports of goods under merchanting in EBOPS2010). case of freight and manufacturing services.
What is negative list in Defence?
India is set to expand its negative list for defence imports to include new age weapons such as loitering munitions, counter drone systems and a range of small arms and ammunition. Such weapons have displayed their prowess in recent battles, greatly blunting conventional systems like tanks and armoured vehicles.
What is negative list of service?
Any service that is provided by a diplomatic mission of any country located in India is in the negative list. This entry does not cover services, if any, provided by any office or establishment of an international organization.
