Service tax section 66b
Web01/2024 - Dated: 16-12-2024 - Central Government directs that the service tax payable under section 66B of the Finance Act, 1994, on the “light-dues” collected by the Directorate General of Lighthouses and Lightships under the Lighthouse Act, 1927, in the said period, but for the said practice, shall not be required to be paid.; 01/2024 - Dated: 6-3-2024 - Exempting … Web17 Mar 2024 · Charging Section 66B was 'for services provided or agreed to be provided in the taxable territory (i.e. India)' Non-receipt of convertible foreign exchange (even if assumed, for sake of argument) does NOT result into levy of service tax, when place of provision of service was outside India (as per Place of Provision of Services Rules, 2012).
Service tax section 66b
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Web24 Feb 2024 · AMENDMENTS Section 66B , the charging section, has been amended to increase the rate of service tax from 12% to 14%. (Section 153 and Section 159 provided for Education Cess and Secondary and Higher Education Cess leviable.These have been abolished from 1.6.2015 Section 119 of the Finance Act, 2015 has empowered the Central … Webwas contained in Section 66B of the Finance Act, 1994 which stipulated a rate of 14 per cent on the value of all services, other than those services specified in the negative list, …
WebService tax in India is a type of indirect tax charged on the services provided by a service provider. The Central Government via the Finance Act, 1994 governs the taxability of … Web66B. There shall be levied a tax (hereinafter referred to as the service tax) at the rate of twelve per cent. on the value of all services, other than those services specified in the …
Web5 Apr 2016 · Section 66B is the charging section of the Act, which provides that there shall be levied a tax (hereinafter referred to as the service tax) at the rate of 14% [from 01.06.2015 rate has been enhanced from 12% to 14%] on the value of all services, other than those … Web4 Jan 2012 · Service Tax came into force w.e.f. 01-07-1994 and initial rate of Service Tax was 5%, since then rates have changed from time to time. Currently Service Tax is levied …
Web25 Aug 2015 · Section 66B of the Finance Act, 1994 specifies the charge of service tax which is essentially that service tax shall be levied on all services provided or agreed to be provided in a taxable territory, other than services specified in the negative list.
Web8 Feb 2016 · Section 66B (Charging section) provides as under : Service tax @ 14 % ( 0.5 % Swach Bharat Cess w.e.f 15.11.2015) will be leviable on the value of all services other … lassi main streetWeb8 Mar 2024 · 2 [ (zo) to any person, by any other person, in relation to any service for repair, reconditioning, restoration or decoration or any other similar services, of any motor vehicle other than three wheeler scooter auto-rickshaw and motor vehicle meant for goods carriage;] 2 Substituted (w.e.f. 1.05.2011) by s. 74 of the Finance Act, 2011 (8 of 2011). lassi meansWeb18 Aug 2012 · The new Service Tax regime based on negative list has been in operation for a little over one month. Among the numerous changes brought in by the new dispensation, Section 66B of Finance Act, 1994, the new charging section, deserves particular mention. lassi multanenWeb3 Jun 2016 · Nonresidents were easily able to provide the services in India without any tax. So to level the field for both resident and nonresident and also to increase the tax revenue, … lassi murtoWeb13 Apr 2024 · Thus, the charge of excise duty under Section 3 of the Central Excise Act, the charge of Customs Duty under Section 12 of the Customs Act and the charge of service tax under Sections 66, 66A and 66B of the Finance Act, 1994 will not apply to goods and services supplied to developers and units for authorized operations in the SEZ areas by … lassi nimipäiväWeb[B](1A) The person responsible for collecting the service tax in relation to the services provided by an air travel agent, shall have the option, to pay an amount calculated at the … lassi mapsWebanother person for consideration and declare as such under section 66E(section 65E). Charge of Service Tax (section 66B) Section 66B is the charging section of the Act. The … lassi n shakes tellapur