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Advance ruling scheme extended to public sector companies, allowing prior determination of service tax liability under the statutory provision. The notification designates public sector companies as a class of persons under the Finance Act enabling those companies to access the advance ruling scheme for prior determination of service tax liability; it adopts the Income-tax Act definition of 'public sector company' to ensure consistent application.
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Provisions expressly mentioned in the judgment/order text.
Advance ruling scheme extended to public sector companies, allowing prior determination of service tax liability under the statutory provision.
The notification designates public sector companies as a class of persons under the Finance Act enabling those companies to access the advance ruling scheme for prior determination of service tax liability; it adopts the Income-tax Act definition of "public sector company" to ensure consistent application.
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