Clause 93(C) - Insertion of New Section 66BA - Reference to section 66 to be construed as reference to section 66B - FINANCE BILL, 2013

(C) after section 66B, the following section shall be inserted, namely:—

 Reference to section 66 to be construed as reference to section 66B

      “66BA. (1) For the purpose of levy and collection of service tax, any reference to section 66 in the Finance Act, 1994 (32 of 1994), or any other Act for the time being in force, shall be construed as reference to section 66B thereof.

     (2) The provisions of this section shall be deemed to have come into force on the 1st day of July, 2012.”;

 

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Notes on Clauses:

Sub-clause (C) seeks to insert a new section 66BA in the said Chapter, so as to clarify that reference to section 66 in the Act or any other Act for the time being in force shall be construed as reference to the provisions of section 66B. This sub-clause shall come into effect retrospectively with effect from the 1st day of July, 2012.