TMI BlogAmends Service Tax (Determination of Value) Rules, 2006 - Section 66BX X X X Extracts X X X X X X X X Extracts X X X X ..... 006 , namely :- 1. (1) These rules may be called the Service Tax (Determination of Value) Amendment Rules, 2012. (2) They shall come into force from the date on which section 66B of the Finance Act, 1994 comes into effect. 2. In the Service Tax (Determination of Value) Rules, 2006 (hereinafter referred to as the said rules), for rule 2A, the following rule shall be substituted, namely:- 2A. Determination of value of taxable services involved in the execution of a works contract.- Subject to the provisions of section 67 , the value of taxable service involved in the execution of a works contract (hereinafter referred to as works contract service), referred to in clause (8) of section 66E of the Act, shall be determined by the s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er of property in goods involved in the execution of the said works contract for determining the value of works contract service under this clause. (ii) Where the value has not been determined under clause (i), the person liable to pay tax on the taxable service involved in the execution of the works contract shall determine the service tax payable in the following manner, namely:- (A) in case of works contracts entered into for execution of original works, service tax shall be payable on forty per cent. of the total amount charged for the works contract: Provided that where the gross amount charged includes the value of the land, in respect of the service provided by way of clause (8) of section 66E of the Act, service tax shall be p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Determination of value of taxable service involved in supply of food and drinks in a restaurant or as outdoor catering.- Subject to the provisions of section 67 , the value of taxable service involved in the supply of food or drinks for consumption either in a restaurant or as outdoor catering service, either by itself or along with other services, shall be the percentage of total amount, specified in column 3 against the respective description of services mentioned in the following Table:- Table Sl. No. Description Percentage of total amount 1 2 3 1. Service involved in the supply of food or any other article of human consumption or any drink at a restaurant 40 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sub-clause (zzzx) of clause (105) of section 65 of the Finance Act, 1994 , the words telecommunication service shall be substituted. 6. In the said rules, in rule 6,- (a) in sub-rule (1),- (i) in clause (viii), for the words in any manner; and the words in any manner; shall be substituted; (ii) in clause (ix), for the words insurance agent , the words insurance agent; and shall be substituted; (iii) after clause (ix), the following clause shall be inserted, namely:- (x) the amount realised as demurrage or by any other name whatever called for the provision of a service beyond the period originally contracted or in any other manner relatable to the provision of service. ; (b) in sub-rule (2),- (i) for clause (iv ..... X X X X Extracts X X X X X X X X Extracts X X X X
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