Section 66B - Charge of service tax (w.e.f. 1-7-2012) - Finance Act, 1994

1 [Charge of service tax on and after Finance Act, 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 specified in the negative list, provided or agreed to be provided in the taxable territory by one person to another and collected in such manner as may be prescribed .] 3 [***] ***************** Notes: 1. Inserted vide Finance Act, 2012 w.e.f. 1.7.2012 2. Inserted vide ORDER NO.2/2012, Dated 29/06/2012 3. Omitted vide Finance Act 2013, w.e.f. 10th May, 2013, before it was read as, 2 [Explanation .- For the removal of doubts, it is hereby clarified that the references to the provisions of section 66 in Chapter V of the Finance Act, 1994(32 of 1994) or any other Act, for the purpose of levy and collection of service tax, shall be construed as references to the provisions of section 66B. ] 4. Substituted vide THE FINANCE ACT, 2015 w.e.f. 1st day of June, 2015, before it was read as, twelve per cent.