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of <h1>Finance Act 2017 amends Service Tax Rules: Updates on works contracts, tax rates, and special provisions since July 2010.</h1> The Sixth Schedule of the Finance Act, 2017, amends the Service Tax (Determination of Value) Rules, 2006. For Rule 2A, amendments specify that when the value of goods and land is included in a works contract, service tax is payable on a percentage of the gross amount charged, with conditions regarding CENVAT Credit and previous benefits. Initially, the tax was set at 25% for certain periods and conditions, later increasing to 30% for most contracts. Special provisions apply for residential units with specific criteria, allowing a reduced tax rate under certain conditions. These amendments apply from July 2010 onwards, with varying effective periods.
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