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August 2012

Amendment in Service Tax Rules, 1994 — Notification No. 36/2012-ST, dated 20-6-2012.

By Tarun Ghia, Brijesh Cholera, Pratik Mehta, Chartered Accountants
Reading Time 1 mins
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Vide this Notification, Service Tax Rules, 1994 have been amended in light of introduction of negative list of services and to facilitate various changes made by the Finance Act, 2012. The new amended rules shall be known as Service Tax (Second Amendment) Rules, 2012. The gist of changes made in the said rules is given below:

(i) Various definitions of the terms used in Rules are inserted in Rule 2.

(ii) Changes brought in Rule 2(1)(d) for effecting the revised reverse charge mechanism.

(iii) Substitution of the word and figures ‘Section 66B’ for the word and figure ‘Section 66’ wherever used in the said rules.

(iv) Insertion of new Rule 6A for determining whether the service is exported or not.

(v) Omission of Rule 5B-Date for determination
of rate.

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