Service tax levy expands to newly defined services with strengthened recovery, interest and penalty regimes under amended finance provisions. Amendment expands definitions and substitutes the charge provision to impose service tax on a broad list of specified services, adds a gross-up explanation for inclusive pricing, revises valuation to include parts used in erection, commissioning or installation, reworks recovery with defined limitation periods and extended periods for evasion-related cases, permits voluntary payment to preclude notice in certain circumstances, makes interest variable within a government-fixed band, adjusts penalties and omits or substitutes several procedural sections, and prescribes appeal fees and export-related rule-making powers.
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Service tax levy expands to newly defined services with strengthened recovery, interest and penalty regimes under amended finance provisions.
Amendment expands definitions and substitutes the charge provision to impose service tax on a broad list of specified services, adds a gross-up explanation for inclusive pricing, revises valuation to include parts used in erection, commissioning or installation, reworks recovery with defined limitation periods and extended periods for evasion-related cases, permits voluntary payment to preclude notice in certain circumstances, makes interest variable within a government-fixed band, adjusts penalties and omits or substitutes several procedural sections, and prescribes appeal fees and export-related rule-making powers.
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