<h1>2014-2015 Budget: Amendments to Service Tax Rules, Provision of Services, and Exemptions for SEZ Operations.</h1> The 2014-2015 budget introduced several amendments and notifications regarding service tax. Key changes include specifying resident private limited companies for advance ruling purposes, amending the Place of Provision of Services Rules, and updating the Point of Taxation Rules. The interest rate for late service tax payments was prescribed, and amendments were made to the Service Tax Determination of Value Rules and reverse charge notifications. Additionally, changes were made to abatement rates, exemptions for services provided to SEZ authorized operations, and the mega exemption notification. A circular addressed the distribution of common input service credit under the Cenvat Credit Rules.