Introducing the βIn Favour Ofβ filter in Case Laws.
- βοΈ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- π Narrow down results with higher precision
Try it now in Case Laws β


Just a moment...
Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Bill 2017 Amends Service Tax Rules: Changes to Rule 2A Affect Works Contracts from July 2010 to March 2016.</h1> The Sixth Schedule of the Finance Bill, 2017 outlines amendments to the Service Tax (Determination of Value) Rules, 2006, specifically Rule 2A. The amendments address how service tax is calculated for works contracts involving goods and land. From July 1, 2010, to June 30, 2012, service tax was payable on 25% of the gross amount charged, with specific conditions regarding CENVAT Credit and notifications. Subsequent amendments from July 1, 2012, adjusted the taxable percentage to 30%, with exceptions for certain residential constructions, where it remained at 25%. These changes were effective until March 31, 2016, after which the 30% rate applied universally.