Amendment of section 66B.
106. In section 66B of the 1994 Act, with effect from such date as the Central Government may, by notification in the Official Gazette, appoint, for the words “twelve per cent.”, the words “fourteen per cent.” shall be substituted.
Notes on Clauses:
Clause 106 of the Bill of seeks to amend section 66B of 1994 Act so as to increase the service tax rate from twelve to fourteen per cent.
