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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Proposed Amendments to Finance Bill 2009: New Taxable Services, Revised Cenvat Credit Rules, and Exporter Refund Scheme.</h1> The circular outlines proposed amendments to the Finance (No.2) Bill, 2009, affecting service tax regulations. Key changes include amending Section 65 to define new taxable services such as transport of goods by waterways and rail, cosmetic surgery, and legal consultancy. The scope of business auxiliary and IT services is modified, and sub-brokers are excluded from stock-broker service tax. Section 66 is amended to specify taxable services, and Section 84's revision procedure is replaced with departmental appeals. Amendments to rules and notifications expand service tax applicability and modify Cenvat Credit Rules. Exemptions are provided for specific transport and financial services, and a revamped refund scheme for exporters is introduced. Certain exemptions are given retrospective effect.
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