Service Tax Rules - changes to have immediate effect - THE FINANCE (No. 2) BILL, 2014

Service Tax Rules: [changes to have immediate effect]

          • Service provided by a Director to a body corporate to be brought under the reverse charge mechanism; service receiver, who is a body corporate will be the person liable to pay service tax.

          • Services provided by Recovery Agents to Banks, Financial Institutions and NBFC to be brought under the reverse charge mechanism; service receiver will be the person liable to pay service tax.

See:- Amendment in Notification No. 30/2012 - Notification under sub-section (2) of section 68 - Reverse Charge - Notification No. - 10/2014 Dated - July 11, 2014 (As amended)

and  Rule - 02 - Definitions of Service Tax Rules, 1994