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<h1>Section 65B of Finance Act 1994 Defines Key Terms for Service Tax, Including 'Advertisement' and 'Agricultural Produce'</h1> Section 65B of the Finance Act, 1994, effective from July 1, 2012, provides definitions for various terms related to service tax. Key definitions include 'actionable claim,' 'advertisement,' 'agriculture,' 'agricultural produce,' and 'assessee.' The section also defines entities like the 'Central Electricity Authority,' 'Central Transmission Utility,' and 'State Electricity Board.' It clarifies terms such as 'goods,' 'service,' 'taxable service,' and 'works contract.' The section specifies what constitutes a 'person,' 'local authority,' 'money,' and 'notification.' It outlines the meaning of 'negative list,' 'non-taxable territory,' and 'taxable territory,' among others.