Service tax section 66b
Web4 Jan 2012 · Alternate Rate of Service Tax (Exceptional Cases) 1. Rate of tax in case of an insurer,rolex replica carrying on life insurance business, shall have the option to pay tax as mentioned below towards the discharge of his service tax liability instead of paying service tax at the rate specified in [section 66B] of Chapter V of the said Act: (a) on the gross … Web1. As per Section 66B of the Finance Act, 1994, “There shall be levied a tax (hereinafter referred to as the service tax) at the rate of fourteen per cent on the value of all services, …
Service tax section 66b
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Web8 Mar 2024 · 2 [ (zo) to any person, by any other person, in relation to any service for repair, reconditioning, restoration or decoration or any other similar services, of any motor vehicle other than three wheeler scooter auto-rickshaw and motor vehicle meant for goods carriage;] 2 Substituted (w.e.f. 1.05.2011) by s. 74 of the Finance Act, 2011 (8 of 2011). Webwas contained in Section 66B of the Finance Act, 1994 which stipulated a rate of 14 per cent on the value of all services, other than those services specified in the negative list, …
Web22 Nov 2013 · As per section 66B of finance act, 1994, service tax is applicable only on the taxable services. And here taxable services means: Provided or agreed to be provided by a person to another In the taxable territory And should not be specified in the negative list As per charging section of finance act, 1994 Web15 May 2024 · Section 66B of the Finance Act, 1994 levies service tax on all services provided in India by one person to another for a consideration except for those services specified in the negative list under Section 66D and those specifically exempted under the ‘Mega Exemption Notification’ (No.25/2012-ST).
Web4 Jan 2012 · Service Tax came into force w.e.f. 01-07-1994 and initial rate of Service Tax was 5%, since then rates have changed from time to time. Currently Service Tax is levied … Web[B](1A) The person responsible for collecting the service tax in relation to the services provided by an air travel agent, shall have the option, to pay an amount calculated at the …
Web7 Jan 2012 · 66B. There shall be levied a tax (hereinafter referred to as the service tax) at the rate of 4 [fourteen per cent.] on the value of all services, other than those services …
Web24 Jan 2015 · Section 66B states that Service Tax shall be charged at the rate of 12% on value of all taxable services i.e., other than those specified in the negative list or exempted … dr bean in maineWeb8 Mar 2024 · (51) "taxable service" means any service on which service tax is leviable under section 66B; (52) "taxable territory" means the territory to which the provisions of this … dr bean iu healthWeb28 Dec 2015 · Notification No. 33/2012 – Service Tax. New Delhi, the 20th June, 2012. G.S.R. (E).-. In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Finance Act), and in supersession of the Government of India in the Ministry of Finance (Department of … em trai thanoshttp://taxindiaupdates.in/service-tax-negative-list/ dr. bean in elizabethtown kentuckyem trai sandwichWeb8 Feb 2016 · Section 66B (Charging section) provides as under : Service tax @ 14 % ( 0.5 % Swach Bharat Cess w.e.f 15.11.2015) will be leviable on the value of all services other than those services specified in the negative list , provided or agreed to be provided in the taxable territory by one person to another for a consideration and collected in such ... dr. beanish pembrokeWeb01/2024 - Dated: 16-12-2024 - Central Government directs that the service tax payable under section 66B of the Finance Act, 1994, on the “light-dues” collected by the Directorate General of Lighthouses and Lightships under the Lighthouse Act, 1927, in the said period, but for the said practice, shall not be required to be paid.; 01/2024 - Dated: 6-3-2024 - Exempting … dr beanland westford ma