Amendment of section 67A
148.In the 1994 Act, in section 67A, the existing section shall be renumbered as sub-section (1) thereof, and after sub-section (1) as so renumbered, the following sub-section shall be inserted, namely:––
“(2) The time or the point in time with respect to the rate of service tax shall be such as may be prescribed.”.
Notes on Clauses:
Clause 148 of the Bill seeks to amend section 67A of the 1994 Act so as to insert a new sub-section (2) therein to empower the Central Government to prescribe the time or the point in time with respect to the rate of service tax.
