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<h1>Finance Act 2016: Amendment to Section 67A Adds New Subsection on Service Tax Rate Timing Regulations</h1> In the Finance Act of 2016, an amendment to section 67A of the 1994 Act is introduced. The current section 67A is renumbered as subsection (1), and a new subsection (2) is added. This new subsection specifies that the timing or point in time concerning the rate of service tax will be determined as prescribed by regulations.