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of <h1>Bill Amends Finance Act: New Service Tax Definitions, Expands Taxable Services, Updates Penalty Rules, Addresses Implementation Challenges</h1> Clause 75 of the Bill proposes amendments to Chapter V of the Finance Act, 1994, concerning service tax. It revises section 65 by defining 'business entity' and 'port services,' and modifies the scope of certain taxable services. New taxable services are introduced by adding sub-clauses (zzzzn) to (zzzzu). Section 66 is amended to include these new services as taxable. Section 73 is updated to clarify that no penalties will be imposed for payments made under sub-section (3). Section 95 allows the Central Government to address difficulties in implementing or assessing taxable services for up to one year post-enactment.
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