Amendment in the Service Tax (Determination of Value) Rules, 2006 - 24/2011 – Service Tax - Service Tax

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

Government of India

Ministry of Finance

Department of Revenue

New Delhi, 31^st March, 2011

Notification No.24/2011 – Service Tax

Amendment in the Service Tax (Determination of Value) Rules, 2006

G.S.R. 282(E).- In exercise of the powers conferred by clause (aa) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax (Determination of Value) Rules, 2006,  namely :-

1. (1) These rules may be called the Service Tax (Determination of Value) Second Amendment Rules, 2011.

(2) They shall come into force on the 1^st day of April, 2011.

2. In the Service Tax (Determination of Value) Rules, 2006, in rule 2B, for the words “reference rate for that currency for that day”, the words “reference rate for that currency at that time” shall be substituted.

[F. No. 334/3/ 2011 – TRU]

(SAMAR NANDA)

Under Secretary to the Government of India

Note.-  The principal rules were notified vide notification no. 12/2006-Service Tax, dated the 19^th April, 2006, published in the Gazette of India, Extraordinary vide number G.S.R. 228(E), dated the 19^th April, 2006 and last amended vide notification No.02/2011-Service Tax, dated the 1^st March, 2011, vide number G.S.R. 159(E), dated the 1^st March, 2011.