TMI BlogSeeks to amend Service Tax RulesX X X X Extracts X X X X X X X X Extracts X X X X ..... (2) They shall come into force on the 1 st day of July, 2012. 2. In the Service Tax Rules, 1994 (hereinafter referred to as the principal rules), in rule 2,- (i) after sub-clause (b), the following three sub-clauses shall be inserted, namely: (bb) banking company has the meaning assigned to it in clause (a) of section 45A of the Reserve Bank of India Act, 1934 (2 of 1934); (bc) body corporate has the meaning assigned to it in clause (7) of section 2 of the Companies Act, 1956 (1 of 1956); (bd) financial institution has the meaning assigned to it in clause (c) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934); (ii) after sub-clause (c), the following sub-clause shall be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , where the person liable to pay freight is, (I) any factory registered under or governed by the Factories Act, 1948 (63 of 1948); (II) any society registered under the Societies Registration Act, 1860 (21 of 1860) or under any other law for the time being in force in any part of India; (III) any co-operative society established by or under any law; (IV) any dealer of excisable goods, who is registered under the Central Excise Act, 1944 (1 of 1944) or the rules made thereunder; (V) any body corporate established, by or under any law; or (VI) any partnership firm whether registered or not under any law including association of persons; any person who pays or is liable to pay freight either himself or through ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed in the taxable territory to a business entity registered as a body corporate, located in the taxable territory, both the service provider and the service recipient to the extent notified under sub-section (2) of section 68 of the Act, for each respectively. (G) in relation to any taxable service provided or agreed to be provided by any person which is located in a non-taxable territory and received by any person located in the taxable territory, the recipient of such service; (ii) in a case other than sub-clause (i), means the provider of service. (vi) after sub-clause (d), the following sub-clause shall be inserted, namely: (dd) place of provision shall be the place as determined by Place of Provision of Services ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ormation in such documents as required under this sub-rule : ; (iv) for the fourth proviso, the following proviso shall be substituted, namely:- Provided also that in case the provider of taxable service is a banking company or a financial institution including a non-banking financial company providing service to any person, the period within which the invoice, bill or challan, as the case may be, is to be issued, shall be forty-five days: ; (v) for the fifth proviso, the following proviso shall be substituted, namely:- Provided that in case the provider of taxable service is providing the service of transport of passenger, an invoice, a bill or as the case may be, challan shall include ticket in any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ub-rules (4), (4A) and (4B), where the person liable to pay service tax in respect of service of renting of immovable property has paid to the credit of Central Government any amount in excess of the amount required to be paid towards service tax liability for a month or quarter, as the case may be, on account of non-availment of deduction of property tax paid in terms of notification No. 29/2012-Service Tax , dated the 20 th June, 2012, from the gross amount charged for renting of the immovable property for the said period at the time of payment of service tax, the assessee may adjust such excess amount paid by him against his service tax liability within one year from the date of payment of such property tax and the details of such adj ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , liable to pay service tax for the taxable service of promotion, marketing, organising or in any other manner assisting in organising lottery, shall have the option to pay an amount at the rate specified in column (2) of the Table given below, subject to the conditions specified in the corresponding entry in column (3) of the said Table, instead of paying service tax at the rate specified in s ection 66B of Chapter V of the said Act : (ii) in the third proviso, for the words service under the said sub-clause , the words such service shall be substituted; 8. In the principal rules, after rule 6, the following rule shall be inserted, namely: RULE 6A. Export of services.- (1) The provision of any service provi ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
