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of <h1>Section 66F: Interpreting Specified and Bundled Services for Tax Purposes Under Finance Act, 1994. Exemptions and Tax Liabilities Explained.</h1> Section 66F outlines principles for interpreting specified and bundled services under the Finance Act, 1994. It states that a reference to a main service does not include services used to provide it. For instance, agency services provided to the Reserve Bank of India are subject to service tax, even if the main service is exempt. When a service can be described differently, the most specific description is preferred. For bundled services, if elements are naturally bundled, they are treated as a single service with essential character. If not naturally bundled, the service with the highest tax liability applies.
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