Irregular Levy of Service Tax by the service providers @8% after budget i.e. 1-3-2003- regarding - Service Tax - 57/06/2003

This Circular has been rescinded by Circular No. 93/4/2007-ST, Dated: May 10, 2007 ST Circular No. 57/6/2003 Dated 21st April, 2003 Irregular Levy of Service Tax by the service providers @8% after budget i.e. 1-3-2003- regarding It has come to the notice of the Board that service providers have started collecting service tax @8% immediately after the budget i.e.1-3-2003. However, this rate will come to effect from 14th May, 2003 on which the Finance Bill received the accent of the President. In this connection it is stated that if any amount has been collected as service tax but the same is not deposited with the Government in terms of provisions of Section 83 of Finance Act, 1994 same becomes recoverable. It is, therefore, requested to alert the field formations to verify the returns carefully for the above mentioned period so as to ensure that amount collected in excess as Service tax should e deposited with the exchequer.