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TMI BlogFinance Bill gets Presidential assentX X X X Extracts X X X X X X X X Extracts X X X X ..... Finance Bill gets Presidential assent - By: - Surender Gupta - Service Tax - Dated:- 19-4-2006 - - Finance Bill gets Presidential assent on 18th evening but Bill gets gazetted on 19-4-2006 , ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... therefore new rate of 12.24% (i.e. 12% + 0.24%) of service tax is effective from 19-4-2006 . The other provisions which are coming into effect from 19-4-2006 are: - - Service tax o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Services which are received in India or Imported into India - New set of provisions of Valuation (However, Rules are to be notified) - Amendments in the provisions related to Adjudication of Sho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w Cause Notice and Recovery of Amount received in excess of service tax. - Provisions related to provisional attachment of property. - Change in the provision for penalty for failure to pay servic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e tax in time. The following provisions shall be effective only from the date of notification (not now) - - Change in the scope of existing services - Introduction of New Services - Deletion ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Explanation to the section 65(105) - import of services. - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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