Budget 2011 - Service Tax - Amendments to Service Tax (Determination of Value) Rules, 2006

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..... Budget 2011 - Service Tax - Amendments to Service Tax (Determination of Value) Rules, 2006
News and Press Release
Dated:- 28-2-2011

9.1 A new rule (2B) has been inserted vide Notificatio .....

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..... n 2/2011-ST to prescribe the value of service rendered in relation to money changing. The details are explained at Annexure B. This amendment shall come into force on 01.04.2011. 9.2 An explanation .....

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..... has been added after rule 5(1) of the Service Tax (Determination of Value) Rules, 2006 clarifying that for the purpose of telecommunication service [Section 65(105) (zzzx)] the value shall be the gros .....

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..... s amount paid by the person to whom the service is provided by the telegraph authority. Thus in case of service provided by way of recharge coupons or prepaid cards or the like, the value shall be the .....

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..... gross amount charged from the subscriber or the ultimate user of the service and not the amount paid by the distributer or any such intermediary to the telegraph authority. This amendment shall come .....

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..... into force on 01.03.2011.
News - Press release - PIB .....

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