Statutory amount increase: amendment substitutes the prescribed monetary sum in a service tax provision, raising the prescribed sum. The Finance Act, 2017 amends a service tax provision in the 1994 Act by substituting the previously specified lower monetary sum in the cited sub section ... Summary
Statutory amount increase: amendment substitutes the prescribed monetary sum in a service tax provision, raising the prescribed sum.
The Finance Act, 2017 amends a service tax provision in the 1994 Act by substituting the previously specified lower monetary sum in the cited sub section with a higher prescribed sum, thereby altering the statutory amount set forth in that sub section without changing other provision text or procedures.
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